By Manik Aftab ⏐ 2 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read
Pak Suzuki Rating Upgraded With Stable Outlook

Pakistan’s car sales have surged 53% year-on-year (YoY) in the first quarter of FY26, signaling a strong rebound in the country’s automotive sector. The latest data from JS Global shows the industry maintaining impressive momentum after a 67% YoY rise recorded in September, reflecting improved consumer demand and production recovery.

Pak Suzuki Motor Company (PSMC) led the market with a robust 51% YoY growth in 1QFY26, selling 19,831 units. The company’s popular small cars were the main growth drivers. The Alto remained PSMC’s best-seller with over 11,200 units, up 40% YoY. The Swift saw a massive 307% YoY surge, while Cultus sales more than doubled with 104% YoY growth.

The mid and premium segments also contributed to Pakistan’s car sales boom. Indus Motor Company (INDU), the assembler of Toyota vehicles, reported a strong 61% YoY increase. The Fortuner and IMV models rose 67% YoY, while Corolla, Yaris, and Cross segments climbed 41% YoY. Honda Atlas Cars (HCAR) followed closely with a 46% YoY increase, with its City and Civic lineup posting an impressive 107% YoY rise.

Pakistans Car Sales Jump 53 As Suzuki Leads Recovery

The SUV and Light Commercial Vehicle (LCV) categories experienced rapid expansion during the period. Sazgar Engineering Works Ltd. (SAZEW) reported an 87% YoY rise in sales, while the DFML segment, including SUVs and LCVs, soared 175% YoY, showing the market’s growing tilt toward utility vehicles.

While passenger and light commercial vehicles performed well, the heavy vehicle segment showed uneven results. Tractor sales, however, posted a healthy 76% YoY increase, supported by improved rural demand. Some heavy commercial vehicle makers, including MNTL and AGTL, saw volume declines, reflecting slower recovery in logistics and industrial transport.