Car sales in 10MFY25 up 40%
Staff Report :
Islamabad: Pakistan Car sales in Pakistan (as reported by PAMA) clocked in at 10,596 units in Apr 2025, reflecting a 1% YoY rise but a 5% MoM fall.
MoM decline was mainly due to highway closure Sindh which delayed deliveries and thus lower sales.
YoY growth is supported by a more stable macroeconomic environment, lower interest rates, easing inflation, and improving consumer sentiment. Additionally, new model launches and variant introductions played an important role in attracting demand.
This takes 10MFY25 sales to 111,464 units a 40% YoY rise from 79,596 units in 10MFY24.
Company wise: Sazgar Engineering (SAZEW) saw the highest MoM fall of 42% while flattish YoY to sales of 549 units in Apr 2025, which was due to the 10 day strike causing loss of production, as per our channel checks. Cumulatively, 10MFY25 sales up 130% YoY to 8,576 units, compared to 3,723 units in 10MFY24, thanks to the wide acceptance of Haval brand in Pakistan.auto bochinchero
Pak Suzuki Motor Company (PSMC) posted a fall of 12% MoM and 33% YoY YoY to 4,003 units in Apr 2025. While, Honda Atlas Cars (HCAR) saw highest MoM and YoY rise of 20% and 70%, respectively, reaching 1,707 units.
Indus Motor Company (INDU) recorded a 58% YoY and 4% MoM rise while Hyundai Nishat saw a 9% YoY rise while a 5% MoM fall.
As many as 2 and 3 wheelers sales increased by 26% YoY and 6% MoM totaling to 135,721 units in Apr 2025. Higher sales in this segment is attributed to improving purchasing power of the public amidst lower inflation, we believe. This takes 10MFY25 sales to 1.2mn units, a 30% YoY rise.
The total tractor industry recorded sales of 1,602 units, a 48% YoY fall while 4% MoM. Tractor sale fell on YoY basis due to weak farm economics, in our view.
Truck and bus sales in Apr 2025 were up 127% YoY and 13% MoM, reaching 520 units. This takes 10MFY25 sales to 3,885 units an 85% rise from 2,098 units in 10MFY24.
Outlook: Auto sales have rebounded strongly in 10MFY25 and are expected to maintain momentum, supported by interest rate cuts, stable rupee, new model launches,” Topline said.
