Karachi: Car sales in Pakistan surged by 41 percent year-on-year and 62 percent month-on-month to 24,418 units in October 2026, according to the latest data from the Pakistan Automotive Manufacturers Association (PAMA). This growth brings the cumulative sales for the first four months of the fiscal year 2027 to 74,898 units, marking a 26 percent increase compared to the same period last year.

According to JS Global, the significant rise in overall sales was primarily driven by the Pakistan Suzuki Motor Company (PSMC), which saw its volumes increase by 115 percent year-on-year and nearly 3.3 times month-on-month. Excluding PSMC and Sazgar Engineering Works Limited (SAZEW) — whose sales data has yet to be reported — car sales fell by 1 percent year-on-year and 6 percent month-on-month.

The data revealed a mixed performance among different companies. Indus Motor Company (INDU) experienced a 10 percent year-on-year and 2 percent month-on-month decline in sales, with 4,073 units sold in October. Honda Atlas Cars (HCAR) also faced a decline, with sales falling 19 percent year-on-year and 1 percent month-on-month to 2,101 units. In contrast, Hyundai Nishat Motors reported an 11 percent year-on-year and 36 percent month-on-month increase in sales, reaching 1,202 units, largely driven by the introduction of the Palisade model.

The two- and three-wheeler segment recorded 199,908 units sold in October, reflecting a 21 percent year-on-year increase, though a slight 1 percent decrease from the previous month. Tractor sales also saw a substantial rise, growing by 44 percent year-on-year to 4,154 units. Truck and bus sales increased by 33 percent year-on-year to 1,018 units.

Looking ahead, the auto industry in Pakistan is expected to maintain positive momentum in fiscal year 2027, bolstered by the launch of new variants and the anticipated entry of new brands into the market.