By Staff Reporter
KARACHI: Pakistan’s auto industry posted robust growth in January, with sales of cars, pickups, vans and sport utility vehicles reaching a 43-month high of 23,055 units, driven by new-year registrations and improving economic conditions, an analyst said.
The figure marked a 36% increase from the same month a year earlier and a 74% jump from December, according to data compiled by brokerage Topline Securities. Cumulative sales for the first seven months of fiscal year 2026 climbed 43% to 111,377 units from 77,686 units in the corresponding period of fiscal 2025.
“The sharp month-on-month surge was largely driven by new-year registrations, as customers typically delay deliveries to secure January registrations for better resale value,” said Myesha Sohail, an analyst at Topline Securities. She added that the strong year-on-year growth was supported by new market entrants, lower interest rates, easing inflation and improving macroeconomic sentiment.
Sazgar Engineering Works Ltd reported all-time high sales of 2,004 units in January, up 72% from December. The company’s sales in the first seven months of fiscal 2026 totaled 9,214 units, a 49% increase from the year-earlier period. Indus Motor Company and Honda Atlas Cars Ltd also recorded 43-month high sales in January, Sohail said.
Honda Atlas Cars posted growth of 64% year-on-year and 86% month-on-month to 3,620 units. Sales of its City and Civic models rose 69% year-on-year and 93% month-on-month to 3,364 units, hitting a 43-month high. The BRV and HRV models surged 14% year-on-year and 25% month-on-month to 256 units. Honda Atlas sold 15,659 units in the first seven months of fiscal 2026, up 68% year-on-year.
Indus Motor Company logged a 52% year-on-year and 119% month-on-month growth to 5,060 units. Combined sales of its Corolla, Yaris and Cross models went up 90% year-on-year and 93% month-on-month to 4,078 units. Fortuner and IMV sales fell 17% year-on-year but rose to 982 units in January from 196 units in December 2025. Total sales for Indus Motor in the first seven months of fiscal 2026 were 25,623 units, showing 61% year-on-year growth.
In the two- and three-wheeler segment, sales increased 31% year-on-year and 13% month-on-month to 181,790 units in January, marking an all-time high. This lifted cumulative sales for the first seven months of fiscal 2026 to 1.1 million units, up 32% year-on-year.
Atlas Honda Ltd, maker of the popular CD70 bike, recorded all-time high monthly sales of 157,059 units in January. Tractor sales, however, declined 9% year-on-year and 26% month-on-month to 2,505 units in January, while total sales for Fiat and Millat in the first seven months of fiscal 2026 fell 23% to 15,434 units year-on-year.
Truck and bus sales surged 77% year-on-year and tripled month-on-month to 1,101 units in January, reaching an all-time high. During the first seven months of fiscal 2026, total sales climbed 92% to 4,633 units year-on-year. Sohail expects positive momentum in auto sales to continue through 2026, supported by lower interest rates and the introduction of new hybrid and plug-in hybrid models.
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