Pakistan’s automobile sales recorded strong year-on-year growth in February 2026, although volumes declined compared with the previous month due to seasonal factors.
According to data released by the Pakistan Automotive Manufacturers Association, total car sales reached 17,121 units in February 2026. This represents a 42 percent increase compared with the same month last year, but a 26 percent decline from January 2026.
Cumulative sales for the first eight months of fiscal year 2026 reached 128,498 units, marking a 43 percent increase compared with 89,770 units during the same period of FY25.
Industry analysts attributed the month-on-month decline largely to the high base effect from January, when vehicle registrations typically rise due to the start of a new calendar year, and to fewer working days in February. The strong annual growth, however, was supported by new market entrants, lower interest rates, easing inflation, and improving macroeconomic conditions.
Company Performance
Sazgar Engineering Works Limited reported sales of 1,682 units in February 2026, reflecting a 90 percent increase year-on-year, although sales declined 16 percent compared with January.
Indus Motor Company posted 3,817 units in February, showing 46 percent annual growth but a 25 percent monthly decline. Sales of Toyota Corolla, Yaris, and Corolla Cross models rose 70 percent year-on-year but dropped 24 percent month-on-month to 3,102 units.
Sales of Fortuner and IMV models declined 10 percent year-on-year and 27 percent month-on-month to 715 units.
Honda Atlas Cars Pakistan recorded sales of 2,114 units in February, reflecting a modest 3 percent increase year-on-year but a 42 percent drop from the previous month. City and Civic sales declined 1 percent year-on-year and 45 percent month-on-month to 1,861 units, while BR-V and HR-V sales rose 42 percent annually but remained almost unchanged month-on-month at 253 units.
Hyundai Nishat Motors was the only major manufacturer to record a year-on-year decline while maintaining stable monthly sales. The company reported 1,021 units, down 3 percent compared with last year and nearly unchanged from January.
Pak Suzuki Motor Company posted sales of 8,160 units in February, representing a 53 percent increase year-on-year but a 25 percent decline month-on-month.
Two- and Three-Wheeler Market
Motorcycle and three-wheeler sales reached 159,512 units in February 2026, up 24 percent year-on-year but down 12 percent compared with January. Total sales for the first eight months of FY26 reached approximately 1.3 million units, representing a 31 percent increase year-on-year.
Atlas Honda Limited, the producer of the widely used CD70 motorcycle, recorded sales of about 136,000 units, reflecting a 26 percent annual increase but a 13 percent decline from the previous month.
Other Segments
Tractor sales rose 12 percent year-on-year but declined 31 percent month-on-month to 1,717 units in February 2026. Meanwhile, truck and bus sales increased 37 percent annually but fell 40 percent month-on-month to 664 units.
Overall, the automobile sector continues to show signs of recovery, supported by improving economic sentiment and easing inflation. However, monthly fluctuations remain influenced by seasonal registration trends and market dynamics.
