Automobile sales in Pakistan during November clocked in at 15,442 units, a robust 52% increase year-on-year dampened by a 11% month-on-month decline from October.
According to market observers, the sustained year-on-year momentum reflects improving macro stability, which continues to support demand recovery across the sector. The sequential moderation, however, appears seasonal, driven by year-end deferment in purchases.
Over the past month, tractor sales increased 7% year-on-year and 27% month-on-month to 3,663 units, supported by stronger farm economics and the resumption of deliveries under the Punjab government’s tractor scheme.
Sales by company
Indus Motors sold 3,833 units in November, up 75% year-on-year but down 15% month-on-month. Growth was primarily driven by Corolla, Yaris, and Cross volumes, which increased 78% year-on-year to 3,236 units, supported by the company’s “car exchange” offer. The company also sold 597 units of Fortuner and Revo, up 60% year-on-year. Toyota’s overall market share expanded 3% year-on-year to 25%.
Honda Atlas Cars recorded a strong rebound in November, with volumes rising 2.3x year-on-year to 2,609 units. Civic and City sales reached 2,359 units, also up 2.3x year-on-year, while BR-V and HR-V volumes increased to 250 units, up 2.5x year-on-year. As a result, the company’s market share expanded 6% year-on-year to 17%.
Sazgar Engineering Works Limited sold 1,107 units of Haval (2 units of BAIC) in November, showing a strong 90% increase year-on-year but a decline of 20% month-on-month. The sequential pullback appears largely seasonal, reflecting typical year-end deferment in purchases. Nonetheless, the robust year-on-year growth underscores sustained traction for the recently launched PHEV variant, even as competition intensifies within the segment.