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KARACHI: Barring the tractor segment, sales of cars, vans, pickups and sport utility vehicles recorded robust year-on-year growth of 107 per cent and a month-on-month rise of 42pc to 22,015 units in April, taking the 10MFY26 cumulative sales to 166,044 units, up by 49 per cent YoY.
Myesha Sohail of Topline Securities said the impressive year-on-year growth was driven by new market entrants, new product launches, relatively lower inflation in previous months, and a surge in auto financing. Auto financing reached a 42-month high in March, up 34pc YoY and 3pc MoM.
She expects positive momentum in auto sales to continue, supported by lower interest rates and new hybrid and plug-in hybrid models.
Sazgar Engineering reported sales of 2,225 units in April, up 305pc YoY and 28pc MoM. This includes 16 units of the new TANK variant, which started deliveries in April. The company sold 14,855 units in 10MFY26, up 73pc YoY.
Pak Suzuki posted a 175pc YoY and 76pc MoM surge to 11,012 units in April, driven mainly by sales of the Suzuki Alto and Swift. The company sold 76,718 units in 10MFY26, a 42pc YoY rise.
Honda Atlas Cars Ltd recorded a rise of 59pc YoY and 17pc MoM to 2,716 units in April, while cumulative 10MFY26 sales surged 58pc to 22,813 units.
Indus Motor Company (IMC) recorded 33pc YoY and 12pc MoM growth to 4,330 units in April, while July-April FY26 sales rose 51pc YoY to 37,643 units.
Hyundai Nishat Motors recorded an 11pc YoY and 8pc MoM increase to 1,002 units in April, largely driven by the Tucson model, while 10MFY26 sales rose to 10,684 units, up 30pc YoY.
Bike/rickshaws
Myesha said two- and three-wheeler sales increased by 40pc YoY and 14pc MoM to 190,340 units in April, marking an all-time-high value. This took cumulative 10MFY26 sales to 1.6m units, up 32pc YoY.
She said Atlas Honda recorded an increase of 41pc YoY and 14pc MoM, with sales reaching 163,000 units, marking yet another all-time-high for the company.
Truck and bus sales surged 58pc YoY and 46pc MoM to 824 units in April, while 10MFY26 sales rose by 72pc to 6,686 units YoY.
Used car imports
Minhal Ali of Insight Research said that Indus Motor Company (IMC), in its corporate briefing on Tuesday, informed analysts that used-car imports surged by 22pc YoY to 36,000 units in 9MFY26.
Used car imports recorded a significant decline in March 2026 to 793 units versus 3,785 units in February 2026, amid a strict import policy, she said.
However, Myesha Sohail said that US-Iran war had also impacted imports of used cars in March. In FY25, used-car imports totalled 42,122 units.
Tractor
Tractor sales grew by 76pc YoY, but plunged 6pc MoM to 2,824 units in April 2026. Total tractor sales in 10MFY26 fell 7pc YoY to 23,116 units.
Millat Tractors Ltd (MTL) on Tuesday informed the Pakistan Stock Exchange (PSX) that its subsidiary company has signed a memorandum of understanding (MoU) with a leading electric bike manufacturer of China for the assembly, manufacturing and marketing of e-bikes in Pakistan.
Published in Dawn, May 13th, 2026
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