Pakistan’s automotive industry staged a strong recovery in October 2026, with total car sales surging 98% month-on-month and 60% year-on-year to 21,635 units, primarily driven by a sharp rebound in Pak Suzuki Motor Company (PSMC) and robust tractor sales, according to AKD Securities. PSMC led the recovery with sales soaring 227% MoM and 115% YoY to 15,921 units.

In contrast, Honda Atlas Cars (HCAR) posted sales of 2,101 units, down 1% MoM and 19% YoY, while Indus Motor Company (INDU) sold 4,073 units, down 2% MoM and 10% YoY. Hyundai Nishat remained under pressure, with sales falling 7% MoM and 24% YoY to 823 units.

The research house noted that truck sales rose 12% MoM and 44% YoY to 960 units, although bus sales dropped 21% MoM and 43% YoY. Tractor sales continued their recovery, with Millat Tractors and Al-Ghazi Tractors reporting strong monthly and annual growth in offtake.