Report by Engineering Post
Pakistan’s automobile industry has been on an appreciable and impressive upward trajectory during the first three quarters of FY 2025 with car sales hitting 100868 mark showing a remarkable 46 percent increase as compared to the corresponding period of the previous year.
According to the information available from the industry sources, this surge in demand reflected an improving economic development where all categories of consumers were benefiting from somewhat stable inflation, lower interest rates , and a generally more optimistic outlook. Furthermore, the easing of financing conditions was also playing a key role thereby enabling more people to afford new cars.
This growth was stated to be an indication of positive turnaround for the industry which has been facing some tough years in the past. As inflation persistently slows down and interest rates also continue to fall, both the car buyers and the manufacturers were seeing and hoping for favourable conditions in the coming months. New car models and updated versions have also added to the excitement, attracting the customers apparently looking for new and modern features , especially in the higher-end market . These new offerings, the sources pointedly mentioned , have played a significant role in the increased demand for both locally produced and imported vehicles. Looking forward , the future of Pakistan’s automotive sector seemingly remains bright . Analysts were hopeful about sales to continue growing throughout FY 2025 duly supported by further reduction in the interest rates, a stable rupee and the normalization of post-Ramzan deliveries. The continuation of introduction of new models and variants was likely to sustain demand ensuring that the automotive industry continued to remain on a solid recovery path.
