PAMA/Topline data show Pakistan car sales up 67% YoY (22% MoM) to 17,174 units in Sep‑2025; 1QFY26 at 42,267 (+53% YoY). Honda, Suzuki lead; bikes and heavy vehicles rise.
Snapshot: Demand Rebounds Across Segments
In September 2025, the Pakistani automobile market recovered well. The data on passenger-car sales released by PAMA, according to the Topline Research, demonstrates that the total sales were 17,174 units, which increased by 67 units per year-on-year (YoY), and 22 units per month-on-month (MoM). Analysts put the recovery on lower interest rates, a decline in inflation, an increase in macro stability, and a revival in consumer sentiment. In the first quarter of the FY26 (1QFY26), the cumulative car sales reached 42,267 units that is 53 percent higher than the cumulative car sales of 27,585 units in 1QFY25.
OEM Highlights: Honda and Suzuki Outperform
Honda Atlas Cars (HCAR) registered the highest returns where sales increased 82% YoY and 2.15× MoM to reach 2,307 units in September. City/Civic combined volumes increased 73% YoY and 2.8× MoM to 1,977 units whereas BR-V/HR-V increased 2.6X YoY but fell 12% MoM to 330 units. Pak Suzuki Motor Company (PSMC) came next with 8,997 units, up by 79 and 26 percent YoY and MoM respectively; Alto led with growth of +50 and +13 percent, respectively, Cultus, Swift and Ravi followed with 7.3, 2.3 and 4.3 times, respectively.
Sazgar Engineering (SAZEW) shipped 1,429 units ( +73% YoY, +36% MoM) which was helped by the recently released Haval H6 PHEV. Hyundai Nishat expanded by 56% YoY to 1,175 but decreased by 3% MoM. Indus Motor Company (INDU) increased 33% YoY to 3,152 units, however, the volumes declined by 7 percent compared to August.
Two/Three‑Wheelers, Tractors, and Heavy Vehicles
Motorcycle and rickshaw demand remained stable: 158,941 units in September ( +21% YoY, +7% MoM), increasing 1QFY26 sales to approximately 432,000 units ( +35% YoY). The highest number of monthly sales was recorded in the year 2002 when Atlas Honda (ATLH) sold 136,000 bikes with the CD70 on top of the list. In comparison, tractor sales fell to 790 units ( -27% YoY, -21% MoM) due to the effects of floods and poor farm economics but production of 2,077 units suggests that underlying demand remains stable through government programs and that a recovery could be experienced in the near future.
Truck and bus sales increased by 2.6 times YoY and 24% MoM to 824 units -an 88-month high. In the case of 1QFY26, the volumes of heavy-vehicles were 1,864 units, compared to 926 units in 1QFY25, and it is an indication of new activity in the logistics, construction, and public transport fleets.
What’s Driving the Recovery—and What to Watch
Reduced financing cost and a moderating inflation environment have made it more affordable, and a more stable currency environment enables OEMs and dealers to plan. High booking pipelines of small and medium-sized cars, more hybrid/EV interest, and better supply chains came in. The main risks to be observed are volatility in fuel prices, regulatory fluctuations on imports or localization and sustainability of the rate cuts. The momentum of the short-term looks positive, yet OEM mix changes, pricing discipline and inventory management will define the extent to which the demand recovery is translated into the long-term growth up to FY26.
Takeaways for Shoppers and Industry Stakeholders
To consumers, increased access and promotional financing has the potential to introduce value windows in both compact and C-segment models, and new-energy products are growing. To the manufacturer and suppliers, the 1QFY26 trend indicates the potential to scale production in a gradual manner, safeguard margins through localised content, and focus on the after-sales capacity as the parc increases. Overall, the September print indicates that the demand is healing and expanding past several nameplates.
