Pakistan car sales rise 28% YoY in July

Pakistan’s car sales reached 11,034 units in July 2025, marking a 28% year-on-year (YoY) increase but a 49% month-on-month (MoM) decline, according to Pakistan Automotive Manufacturers Association (PAMA) data cited by Topline Securities on Tuesday.

The sharp MoM drop was attributed to a high base effect in June 2025, when buyers accelerated purchases ahead of expected budgetary changes. In contrast, the YoY rise was supported by lower interest rates, easing inflation, and improved consumer sentiment.

Company-wise performance

Indus Motor Company (INDU) saw sales double YoY to 3,337 units but declined 9% MoM. The ‘Fortuner and IMVs’ segment posted a 17% MoM rise, while Corolla, Yaris, and Cross models also performed strongly.

Hyundai Nishat sales rose 2.1 times YoY to 1,225 units but fell 16% MoM. The Hyundai Porter was the only model to see MoM growth, up 31%, while Tucson and Elantra sales jumped five-fold and four-fold YoY, respectively.

Sazgar Engineering Works (SAZEW) recorded a 31% YoY rise but a 20% MoM drop, mainly due to strong pre-buying in June. Sales were supported by the new HAVAL facelift, with further momentum expected in August following the launch of the H6 PHEV variant.

Honda Atlas Cars (HCAR) posted a 61% YoY increase to 1,500 units but fell 17% MoM. Pak Suzuki Motor Company (PSMC) recorded an 18% YoY decline and a steep 72% MoM drop.

Two/three-wheelers and other segments

Sales of two- and three-wheelers rose 44% YoY to 122,441 units but decreased 12% MoM. Electric motorcycles and three-wheelers contributed 542 units, with Road Prince figures yet to be included.

The tractor industry sold 1,195 units in July, down 18% YoY and 57% MoM, attributed to weak farm economics. Truck and bus sales increased 22% YoY to 374 units but were down 49% MoM.