The motorbike demand in Pakistan has gotten stronger with gas and automotive value hikes ravaging the nation over the previous few years. Therefore, it ranks among the many nations with the largest motorbike person base.
In response to a report from Pew Analysis Heart, 43% of the households throughout Pakistan use bikes, which locations the nation within the seventh spot, forward of Nigeria, the Philippines, and Brazil.
Instantly forward of Pakistan is India, with 47% of households that use bikes, adopted by China, Malaysia, Indonesia, Vietnam, and Thailand with 60%, 83%, 85%, 86%, and 87% bike-using households respectively.
Though the most recent statistics have confirmed the potential for bikes in Pakistan, the risky financial system is impeding the trade’s progress.
Atlas Honda Restricted — Pakistan’s greatest motorbike producer — recorded a decline in revenue by 3.7% for the quarter that ended December 31, 2022. It additionally noticed a 3% dip within the complete gross sales income in the identical quarter.
Given the latest manufacturing hiccups, bike gross sales, and earnings are struggling. Moreover, Honda introduced a number of value hikes over the previous few months, which has dampened its demand.
Given the present financial state of affairs, extra value hikes and gross sales reductions appear inbound.