Atlas Honda Hits Record Sales in 2024 Last Month

Jawad

21 Jun 2024

428

Atlas Honda Hits Record Sales in 2024 Last Month

Each month, PAMA releases a detailed sales report for all vehicles. This article focuses on the May 2024 report, specifically analyzing the sales of 2-wheelers and 3-Wheelers with highlights on the leading brands and market share.

Sales Breakdown by Brand for May 2024

Here’s a breakdown of the sales figures for each 2 and 3-wheeler brand in May 2024.

Brand Name	May 2024 Sales
Atlas Honda	103,297
Suzuki	1,696
Sazgar Three Wheeler	1,962
YAMAHA	400
Road Prince Motorcycle	1,429
United Auto Motorcycle	9,131
Ravi	90
United Auto Three-Wheeler	74
Qingqi Motorcycle	1
Qingqi ThreeWheeler	598
Total Sales for May 2024	118,811

Atlas Honda Dominates with 87% Market Share

According to the PAMA report, Atlas Honda (AHL) sold 103,297 units in May 2024, achieving the highest monthly sales figure for the year. With a total of 118,811 2-wheelers sold in May, Atlas Honda secured an impressive 87% market share.

Despite facing criticism for producing low-quality motorcycles and charging high prices—160,000 PKR for the basic CD70 and 230,000 PKR for the CG125—Atlas Honda remains the undisputed leader in the 2-wheeler market with no close competitors.

United Leads in Locally Produced Motorcycles

United dominated the locally produced motorcycle segment, commonly referred to as "China bikes." In May 2024, United sold 9,131 units, far exceeding the sales of Road Prince Motorcycle, the second-largest local 2-wheeler company, which sold only 1,429 units. United's sales were 538% higher than those of Road Prince.

Month-on-Month and Year-on-Year Change

Compared to April 2024, May's sales saw a 10% increase. The total sales in April 2024 were 107,590 units, whereas May 2024 recorded 118,811 units.

Year-on-year, there was a 22% increase in sales. May 2023 saw sales of 97,189 units, while May 2024 reached 118,811 units.

Future Outlook

These were the sales highlights for May 2024. The impact of upcoming IMF deals on the motorcycle market remains to be seen.

PAMA report 2 wheeler sales 3 Wheeler Sales May 2024 sales Atlas Honda market United motorcycles China bikes Motorcycle sales Monthly vehicle report Market share 2024 Vehicle sales analysis

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