The auto sales saw a huge growth of 54 percent in the first half of the financial year 2024-25 from July to December 2024-25.
According to media reports, despite the absence of sales figures from Sazgar Engineering Works Limited, the entire auto sector, barring the tractor segment, has performed strongly in the first half of the financial year 2025.
Due to lower interest rates, rising remittances, and lower inflation, sales of cars, light commercial vehicles (LCVs), pickups and vans increased by 54 percent to 60,676 units during July-December 2024-25, compared to 39,453 units in the same period last year.
Vehicle sales in December 2024 increased by 69 percent to 9,820 units, down 3 percent month-on-month period.
Topline Securities’ Myesha Sohail attributed the slight month-on-month decline mainly to the year-end impact, with buyers postponing vehicle deliveries or purchases to secure new-year registrations.
She said that car sales increased year-on-year due to lower interest rates, improved consumer confidence and introduction of new variants and models.
Myesha Sohail claimed that Lucky Motors saw a 30 to 40 percent increase in sales in 2024 compared to 2023 and its volume is expected to be 6,500 to 7,000 units, estimating that the industry’s car sales, including sales of KIA Motors, increased by 51 percent in 2024.
Indus Motor Company (IMC) was the only company to sell 1,665 units in December 2024, a 25 percent month-on-month decrease, compared to 2,194 in November 2024.
However, IMC sold 12,541 units in the first half of the financial year, a 74 percent increase, compared to 7,198 units.
Pak Suzuki Motor Company Limited’s sales in December 2024 were 5,903 units, up 25 percent month-on-month and 58 percent year-on-year.
Similarly, sales in the first half of the fiscal year were 30,817 units, up 40 percent from 21,997 units in the first half of the previous fiscal year.
Honda Atlas Cars Limited’s sales were 1,110 units in December 2024 compared to 1,112 units in November 2024.
However, sales in December 2024 were 901 units, up 23 percent from December 2023. Honda Atlas sold 7,084 units in the first half of the fiscal year, up 45 percent from the previous fiscal year.
Hyundai Nishat sales were 4,242 units, up 14% from 3,730 units in the same period last fiscal year, while month-on-month sales in December 2024 were 918 units, up 27% and year-on-year, up 158%.
While Sazgar Engineering Works did not release December sales figures, tractors/2 and 3-wheelers sales increased 43% year-on-year to a total of 118,091 units in December 2024, while sales for the first half of the fiscal year increased to 696,455 units from 541,821 units in the same period last fiscal year.
Tractor industry sales declined 26% in fiscal year 2025 to 17,397 units, compared to 23,411 units in the same period last year.
Sales of trucks and buses increased by 84% year-on-year but declined by 41% month-on-month to 193 units in December 2024. Overall sales in the first half of the fiscal year increased to 1,798 units, compared to 962 units in the same period last fiscal year.
Source: DAWN
