Pakistan car sales up 32% in Oct as sector's rebound continues

Pakistan's automotive sector continues on its rebound journey as the number of cars sold in October increased 32% year on year to 17,333, according to data shared by the car makers’ association.

Analysts have credited lower interest rates, easing supply chain constraints, and the launch of new car variants for the increase in sales.

According to data shared by the Pakistan Automotive Manufacturers Association on Tuesday, car sales increased 32% from 13,108 units in October 2024 and 1% from 17,174 in September.

The number of units sold in the first four months of fiscal year 2025-26 stood at 59,600, up 46% year-on-year, compared to 40,693 units in the same period last year.

Pak Suzuki Motor Company Limited and Indus Motor Company Limited continued to dominate the sales in October with 7,403 and 4,529 units sold. While the former increased its sales only by 1% year-on-year (from 7,302 in October 2024), the latter saw a jump of 79% from 2,532 in the same month last year.

Honda followed with a sale of 2,607 units, up 72% from 1,514 in October 2024. Hyundai Nishat registered the biggest jump in sales year-on-year with 1086 units sold, up 82% from 598 in the same month last year.

Sazgar Motors sold 1,379 units, up 38% from 1,002 units in October 2024.

Two- three-wheeler sales

The sale of two- and three-wheelers hit a 4-year high in October on the back of record sales by Atlas Honda, Pakistan’s leading motorcycle manufacturer.

The data showed that the sale of two- and three-wheeler vehicles rose 20% year-on-year and 4% month-on-month to 165,500 units in October.

Atlas Honda alone sold 140,178 units, up 22% year-on-year from 115,293 in October. This was the company’s all-time high monthly sales. The company was followed by PSMC, with 3,11 units, up 43% year-on-year from 2,182.

The sale of tractors grew 67% year-on-year to 2,886 in October, as compared to 1,733 in the same month last year. The sector was dominated by Millat Tractors, which sold 2005 units, up from 1,439 in the same month last year.