Passenger car sales up 28pc in October

KARACHI: Passenger car sales by members of the Pakistan Automotive Manufacturers Association (PAMA) rose by 28 per cent year-on-year (YoY) in October 2025, signalling a recovery in demand amid improving economic conditions. However, small cars of 1000cc and below witnessed some decline.

According to PAMA data released on Tuesday, total passenger car sales stood at 13,513 units in October 2025, compared with 10,557 units in the same month last year. On a month-on-month (MoM) basis, sales were up 11 per cent from 12,126 units in September 2025, showing continued momentum in the sector.

During the first four months of FY26 (July-October), cumulative passenger car sales climbed 40 per cent to 42,831 units, compared with 30,625 units in the same period last year. Analysts noted that the pickup in sales was largely supported by better availability of CKD kits, relaxed import controls, and improved consumer confidence stemming from a steadier exchange rate and lower interest rates.

Breaking down the numbers, cars with engine capacity of 1,300cc and above saw the strongest growth, with sales rising 88 per cent to 7,529 units in October 2025, against 3,997 units last year. The 1,000cc segment recorded sales of 517 units, down from 569 units in the same month last year. Vehicles below 1,000cc showed a decline of 9 per cent, with 5,447 units sold compared with 5,991 units last year.

Dewan’s Honri-Ve model recorded a sale of only 20 units in October and 115 units in four months.In the commercial vehicle segment, sales of buses and trucks surged to 766 units in October 2025 from 351 units in the same month a year earlier. Similarly, sales of jeeps and pick-ups rose by 50 per cent to 3,820 units from 2,551 units last year, however, showing a month-on-month decline.

The tractor segment witnessed higher sales after a long time, as sales rose to 2,886 units in October 2025 from 1,733 units last year. According to Myesha Sohail at Topline Securities, YoY growth is supported by a more stable macroeconomic environment, introduction of more variants, lower interest rates, easing inflation and improving consumer sentiment.

MoM sales remained stable, primarily due to an 18 per cent decline in Pakistan Suzuki Motor Company (PSMC) volumes, as the company undergoes a major reset in 2025. As per reports, the discontinuation of Ravi, Bolan, Every VX and Wagon R models led to MoM declines of 17 per cent, 84 per cent, and 28 per cent in Swift, Ravi and Every models, respectively, while Bolan has not recorded any sales since May 2025.

Company wise: Indus Motor Company (INDU) posted the highest MoM growth of 44 per cent to 4,529 units. Corolla, Yaris and Cross sales together rose 41 per cent MoM and 78 per cent YoY to 3,742 units whereas Fortuner and IMVs rose 58 per cent MoM and 83 per cent YoY to 787 units.

Hyundai Nishat recorded reported the highest YoY growth of 82 per cent, due to 2.7x and 3.1x YoY rise in Tucson and Elantra models.Honda Atlas Cars (HCAR) recorded growth of 72 per cent YoY and 13 per cent MoM to 2,607 units in Oct 2025. City and Civic models rose 58 per cent YoY and 14 per cent MoM to 2,247 units while BRV and HRV models rose 3.8x YoY and 9.0 per cent MoM to 360 units in October 2025.

Sazgar Engineering (SAZEW) reported a 38 per cent YoY rise while a down 3 per cent MoM to 1,379 units.PSMC saw the highest decline of 18 per cent MoM mainly due decline of sales in Swift, Ravi and Every models. This took sales to 7,403 units up 1.0 per cent YoY while down 18 per cent MoM.

Motorbikes and rickshaw sales’ increased by 20 per cent YoY and 4.0 per cent MoM totalling to 165,500 units in Oct 2025, reaching a near 4 year high. This takes 4MFY26 sales to 597,000 units, a 30 per cent YoY rise.

Atlas Honda (ATLH), the maker of the popular CD70 bike, recorded its highest-ever monthly sales yet again at 140,000 units in Oct 2025.“We expect positive momentum to continue in auto sales in FY26 due to lower interest rates and pipeline of new models to be launched by companies across different engines ie hybrid, plugin hybrid etc,” said Myesha Sohail.