Karachi: Auto sales in Pakistan are projected to keep up their year-over-year growth streak for the 11th straight month, with key industry players forecasted to report a significant increase in sales. Pak Suzuki Motor Company, Indus Motors Ltd, and Honda Atlas Cars Ltd are expected to deliver a combined total of 10,900 units in February 2025, marking a 29% increase compared to the same month last year. However, on a month-over-month basis, these companies are anticipated to see a 14% decline in volumes.

According to JS Global, over the first eight months of the fiscal year 2025, these three companies, which collectively hold approximately 84% of the four-wheeler market, are expected to achieve total sales of around 75,000 units. This represents a 47% increase year-over-year. The sustained growth in sales is attributed to stable car prices driven by currency stability, higher duties imposed on imported vehicles to support local manufacturers, and favorable financing rates offered by banks, coupled with promotional deals from car dealerships.

In another development, BYD has entered the Pakistani auto market, delivering its first batch of BYD Seal vehicles last week. The company plans to begin local production by the fiscal year 2026, becoming the second electric vehicle manufacturer in the country following Dewan Farooque Motors Ltd.