Karachi: Car sales in Pakistan experienced a significant increase of 40% year-over-year in March 2026, reaching 15,531 units, despite a 9% decline compared to the previous month. According to JS Global, the nine-month cumulative sales for the fiscal year 2026 totaled 144,029 units, marking a 43% rise from the previous year.
This monthly decline was predominantly influenced by a 23% reduction in sales from Pak Suzuki Motor Company (PSMC), although other manufacturers saw a 4% increase. The year-over-year growth was attributed to new entrants in the market, lower interest rates, decreased inflation, and an improved macroeconomic environment.
Sazgar Engineering reported sales of 1,734 units in March 2026, an 84% increase year-over-year and 3% month-over-month. Honda Atlas Cars saw a 63% year-over-year and 10% month-over-month rise with 2,324 units sold. Indus Motor Company achieved a 24% year-over-year and 1% month-over-month growth, selling 3,873 units. In contrast, Hyundai Nishat Motors experienced a decline in both year-over-year and month-over-month sales, with 928 units sold.
Sales of two and three-wheelers rose 31% year-over-year and 4% month-over-month to 166,633 units. Tractor sales saw a substantial growth of 96% year-over-year and 63% month-over-month, while sales of trucks and buses increased 23% year-over-year but decreased 15% month-over-month.
The outlook for the automotive market remains optimistic, with expectations of continued positive momentum in 2026, driven by favorable interest rates and the introduction of new hybrid and plug-in hybrid models.