Auto sales surge 54pc in July-December

Despite the absence of sales numbers by Saazgar Engineering Works Ltd, the entire auto sector, barring the tractor segment, showed robust sales performance during IHFY25. Sales of cars, LCVs, pickups and vans surged 54 per cent to 60,676 units in July-December 2024-25 from 39,453 units in the corresponding period last year thanks to declining interest rates, increasing remittances and falling inflation. In December 2024, car sales clocked in at 9,820 units, up by 69pc YoY and down by 3pc month-on-month (MoM). Myesha Sohail of Topline Securities linked the marginal MoM decline primarily to the end-of-year effect, with buyers postponing deliveries or purchases to obtain new-year registrations.