Car sales in Pakistan for the first nine months of FY25 (9MFY25) reached 100,868 units, marking a 46% YoY increase compared to 69,081 units in 9MFY24.
As reported by the Pakistan Automotive Manufacturers Association (PAMA), the car sales reached 11,098 units in March 2025, reflecting an 18% year-on-year (YoY) increase but an 8% month-on-month (MoM) decline.
According to Topline Securities, the MoM decline was primarily due to a high base in February 2025, when car sales typically surge at the start of the year. Additionally, shorter working hours and subdued consumer activity during Ramazan contributed to lower sales and delayed deliveries.
The YoY growth in car sales was supported by a more stable macroeconomic environment, lower interest rates, easing inflation, and improving consumer sentiment. New model launches and variant introductions also played a key role in attracting demand.
Company-Wise Performance
- Sazgar Engineering (SAZEW): Recorded sales of 943 units in March 2025, an 87% YoY and 7% MoM increase, driven by strong demand for HAVAL variants. Cumulative 9MFY25 sales surged 153% YoY to 8,027 units, compared to 3,172 units in 9MFY24.
- Pak Suzuki Motor Company (PSMC): Posted an 11% YoY increase but a 15% MoM decline in March 2025. Models like Alto, Ravi, Swift, and Every remained in high demand.
- Indus Motor Company (INDU): Achieved an 84% YoY and 20% MoM increase, primarily due to strong performance in Corolla and Yaris models.
- Hyundai Nishat: Saw a 19% YoY rise but a 10% MoM decline in sales.
- Honda Atlas Cars (HCAR): Reported a 35% YoY and 30% MoM decline in sales.
Two- and Three-Wheeler Sales
Sales of two- and three-wheelers increased by 34% YoY but fell 3% MoM, totaling 125,311 units in March 2025. Excluding data for Royal Prince Motorcycle and three-wheelers, cumulative 9MFY25 sales reached 1,089,922 units, a 31% YoY increase.
Tractor and Commercial Vehicle Sales
- Tractors: The total tractor industry recorded sales of 1,538 units in March 2025, a 67% YoY decline, with flat MoM performance. Cumulative 9MFY25 sales fell 34% YoY to 23,230 units.
- Trucks and Buses: Sales reached 460 units in March 2025, a 47% YoY increase but a 5% MoM decline. Cumulative 9MFY25 sales surged 80% YoY to 3,365 units, compared to 1,869 units in 9MFY24.
Outlook for FY25
The auto sector has shown a strong rebound in FY25, with sales expected to maintain momentum. Factors such as interest rate cuts, a stable rupee, new model launches, and post-Ramazan delivery normalization are likely to support continued growth in the coming months
