Pakistan’s Car Sales Surge 40% in FY25 Despite April Dip from Sindh Disruptions
Pakistan’s automotive sector saw a strong rebound with car sales soaring by 40% year-over-year during the first 10 months of FY25, reaching 111,464 units, as per data from the Pakistan Automotive Manufacturers Association (PAMA) and analysis by Topline Securities. However, April 2025 recorded a 5% month-on-month decline, largely due to highway closures in Sindh that delayed vehicle deliveries.
Monthly and Yearly Sales Overview
In April 2025, 10,596 passenger cars were sold, reflecting a 1% rise YoY, but a 5% MoM decrease compared to March. The decline was attributed to logistical challenges in Sindh that temporarily affected transport routes.
For 10MFY25, total car sales jumped from 79,596 units to 111,464 units, driven by factors such as:
- Improved macroeconomic indicators
- Declining interest rates
- Lower inflation
- Positive consumer sentiment
- Introduction of new car models
Company-Wise Performance
Pak Suzuki Motor Company (PSMC)
- April Sales: 4,003 units (-12% MoM, -33% YoY)
- 10MFY25 Total: 39,849 units (+30% YoY)
Indus Motor Company (INDU)
- April Sales: 3,259 units (-4% MoM, +58% YoY)
- 10MFY25 Total: 24,877 units (+58% YoY)
Honda Atlas Cars (HCAR)
- April Sales: 1,707 units (+20% MoM, +70% YoY)
- 10MFY25 Total: 14,483 units (+32% YoY)
Hyundai Nishat
- April Sales: 900 units (-5% MoM, +18% YoY)
- 10MFY25 Total: 8,190 units (+26% YoY)
Sazgar Engineering Works (SAZEW)
- April Sales: 549 units (+42% MoM, flat YoY)
- 10MFY25 Total: 8,576 units (+130% YoY)
Other Automakers
- April Sales: 178 units (-83% MoM, +107% YoY)
Motorcycles and Three-Wheelers
The motorbike and three-wheeler segment remained robust, with 135,721 units sold in April, marking a 26% YoY increase but a 6% MoM drop. Cumulatively, 1.23 million units were sold in 10MFY25, up 30% YoY.
- Atlas Honda (ATLH): 115,300 units (+21% YoY)
- PSMC: 1,892 units (+12% YoY, -21% MoM)
- SAZEW: 1,958 units (+17% YoY)
- Other Brands: 16,571 units (+77% YoY)
Tractor Market Decline
The tractor segment struggled, with April sales at 1,602 units, down 48% YoY and 4% MoM. For the fiscal year so far, sales dropped 26% YoY to 24,388 units.
- Millat Tractors: 859 units (-58% YoY)
- Al-Ghazi Tractors (AGTL): 743 units (-28% YoY)
Analysts point to weaker farm income and reduced rural demand as primary reasons.
Trucks and Buses Show Strong Growth
Truck and bus sales rose 127% YoY and 13% MoM in April to reach 520 units. The 10MFY25 total hit 3,885 units, up 85% YoY.
- Hino: 42 units (+45% YoY)
- Master: 152 units (+3% YoY)
- JAC: 43 units (+158% YoY)
- Isuzu: 283 units (+129% YoY)
Industry Outlook: Recovery in Motion
According to Topline Securities, the outlook for Pakistan’s auto industry remains positive. Continued recovery is expected through the end of FY25, supported by:
- Interest rate cuts
- Stable Pakistani rupee
- Launch of new vehicle models
These trends suggest a strong rebound in demand and underscore growing confidence in the sector’s resilience.
