India, Feb. 8 -- The Pakistani automotive market had a forgettable 2023 with sales plunging to historic lows. In particular, sales of passenger vehicles crashed owing to factors such as high purchase price, lower affordability and overall struggle of the economy. Most manufacturers have seen sales tumble across segments such as above 1,300 cc, between 1,000 cc and 1,300 cc and below 1,000 cc models.

As per the latest data from Pakistan Automotive Manufacturers Association (PAMA), a cumulative total of 30,662 cars were sold in the country through the course of 2023. The maximum traction was witnessed in the below 1,000 cc segment with 14,584 units of such vehicles sold in all of 2023. Models like Suzuki Bolan (Omni van) and Alto fared the...