Automobile sales surge 112pc in October

Amid a continuous downturn in demand for tractors, the sales of cars, LCVs, pickups and vans clocked in at 13,108 units in October, up by 27 per cent month-on-month (MoM) and 112pc year-on-year (YoY), thus pushing up sales by 50pc during 4MFY25 to 40,693 units. This increase in sales is primarily driven by improved auto financing and a general sense of optimism and stability in the market, Myesha Sohail of Topline Securities said, expecting a further rise in auto sales owing to a persistent drop in interest rates and the arrival of new models, especially hybrid electric vehicles (HEVs) and electric vehicles (EVs). Pak Suzuki Motors Company (PSMC) saw the highest MoM rise of 40pc and 85pc YoY to 7,040 units in October. Total Pak Suzuki sales during 4MFY25 stood at 20,176, up 37pc year-on-year.