Pakistan’s car market has experienced a remarkable growth of 50% over the first five months of the current fiscal year (FY25), with total sales reaching 38,534 units compared to 25,746 units during the same period last year.

Despite a significant 25.08% drop in November sales, which fell to 7,909 units from 10,557 in October, the overall performance remains strong.

Data from the Pakistan Automotive Manufacturers Association (PAMA) indicates that November’s sales were notably lower at 4,875 units.

Sales of jeeps, vans, and pickups have also shown robust demand, with a total of 12,259 units sold over the five-month period—an impressive 55% increase from the previous year, despite a slight monthly decline in November.

The report highlights the introduction of electric vehicles (EVs) into PAMA’s data, with Dewan’s Horni Ve EV producing 70 units and selling 63.

Leading the sales growth, Pak Suzuki Motor Company reported a 41% increase in sales, totaling 25,812 units from July to November.

Indus Motor Company (IMC) saw a 67% rise with 10,886 units sold, while Honda Atlas Cars Ltd experienced a 50% increase, reaching 5,974 units.

Sazgar Engineering achieved a staggering 233% rise, selling 4,191 units, although Hyundai Nishat saw a slight decline of 1%, totaling 3,324 units.

Read more

Toyota tops US automobile sales in 2021

Pakistan’s auto industry continued to suffer in 2023

Chinese EV dominance hastens end of petrol engine era

In addition, sales of two- and three-wheelers grew by 26%, reaching 578,364 units compared to 459,459 units last year.

On the agricultural side, tractor sales recorded a slight year-on-year drop of 2%, with 3,428 units sold in November, but showed a significant month-on-month recovery, increasing by 98%.

Over the July-November period, tractor sales fell by 50% to 10,367 units due to regulatory changes.

The commercial vehicle sector also showed positive growth, with truck and bus sales improving to 1,605 units during the July-November FY25, a notable increase from 857 units in the same timeframe last year.