Car sales increase 50 per cent over five months despite November dip

ISLAMABAD: Despite a dip in November, Pakistan’s car market has shown significant growth over the first five months of the ongoing FY25, with total sales reaching 38,534 units, a 50 per cent jump from 25,746 units in the same period last year.

While car sales experienced a notable drop of 25.08 per cent in November—falling to 7,909 units from 10,557 in October—the overall figures remain strong. Data from the Pakistan Automotive Manufacturers Association (PAMA) shows that November’s car sales were down to 4,875 units.

However, jeeps, vans, and pickups saw robust demand, despite a slight monthly decline in November to 2,191 units from 2,551 in October. Over the five-month period from July to November, sales in this segment surged by 55 per cent to 12,259 units, compared to 7,891 units in the previous year.

The report also marks a development with the addition of electric vehicles (EVs) to PAMA’s data. Dewan’s Horni Ve EV made its debut with production of 70 units and 63 units sold.
According to an automotive expert, the annual increase in sales is a promising signal for the industry’s recovery.

Leading the charge, Pak Suzuki Motor Company witnessed 41 per cent rise in sales reaching 25,812 units during the July-November period of FY25. Indus Motor Company (IMC) followed with a 67 per cent increase, selling 10,886 units, while Honda Atlas Cars Ltd saw a 50 per cent boost with 5,974 units.

Sazgar Engineering stood out with a massive 233 per cent rise, selling 4,191 units. However, Hyundai Nishat’s sales saw a marginal dip of 1 per cent, totalling 3,324 units.

Sales of two- and three-wheelers also saw healthy growth, climbing 26 per cent to 578,364 units, compared to 459,459 units last year.

On the agricultural side, tractor sales in November recorded a slight year-on-year drop of 2 per cent, with 3,428 units sold.

However, the month-on-month recovery was substantial, up 98 per cent. During the July-November period, tractor sales fell by 50 per cent, down to 10,367 units from 20,806 units the previous year, due in part to the withdrawal of SRO 563(1)/2022.

Meanwhile, the commercial vehicle sector showed positive momentum, with truck and bus sales improving to 1,605 units during July-November FY25, a significant increase from 857 units in the same period last year.

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