Pakistan car sales in July up 28% YoY while down 49% MoM

KARACHI: Pakistan car sales as reported by Pakistan Automotive Manufactures Association (PAMA) clocked in at 11,034 units in July 2025, reflecting a 28% YoY rise while a 49% MoM fall, Topline Securities stated in a report on Tuesday. 

The MoM decline was primarily due to high base effect in Jun 2025, driven by pre-buying ahead of anticipated budgetary changes and accelerated purchases by buyers.

The YoY growth is due to a more stable macroeconomic environment with lower interest rates and easing inflation which has improved consumer sentiment.

Pakistan Autos: Car sales in Jul-25 up 28% YoY while down 49% MoM
(Aug 12, 2025) pic.twitter.com/a6heuTkola

— Topline Securities Ltd (@toplinesec) August 12, 2025

Company wise sales

Indus Motor Company (INDU) recorded a 2x YoY increase in sales but a 9% MoM decline to 3,337 units. The growth was led by a 17% MoM rise in the ‘Fortuner and IMVs’ segment, while demand for Corolla, Yaris, and Cross also remained robust, Topline report said. 

Hyundai Nishat’s sales grew 2.1x YoY but fell 16% MoM to 1,225 units. The Hyundai Porter was the only model to post MoM growth, rising 31%, while the Tucson and Elantra recorded 5x and 4x YoY increases, respectively.

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Sazgar Engineering (SAZEW) sales fell 20% MoM but rose 31% YoY, with the MoM fall due to strong June sales from pre-buying on fears of additional duties — later clarified by the company as having no impact on HAVAL prices.

Sales were also supported by the launch of the new HAVAL facelift, with further growth expected from August onwards following the introduction of the H6 PHEV variant.

Honda Atlas Cars (HCAR) recorded a 61% YoY increase but a 17% MoM decline to 1,500 units in Jul 2025. Pak Suzuki Motor Company (PSMC) posted an 18% YoY and 72% MoM decline, Topline report further added.

2/3-wheeler and e-bikes

Moreover, 2/3-wheeler sales rose 44% YoY but fell 12% MoM to 122,441 units in Jul 2025.

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Electric motorcycles and three-wheelers, newly added to the data, accounted for 542 units of the total. Road Prince figures are still awaited and could add ~ 2k units to the total.

The total tractor industry recorded sales of 1,195 units, down 18% YoY and 57% MoM. Tractor sales fell on YoY basis due to weak farm economics, in our view.

 Truck and bus sales in Jul 2025 were up 22% YoY while down 49% MoM, reaching 374 units, the reported went to add.

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