As per Topline Securities, the sales witnessed 18 per cent rise year-on-year but saw decline an eight per cent decline in comparison to February’s sales. The month-on-month (MoM) drop was largely due to a high sales base in February, when sales typically spike at the year s start.

Moreover, the shorter working hours during Ramazan and delayed deliveries contributed to the slowdown in March.

On the flip side, the YoY growth has been supported by a more stable macroeconomic environment, including lower interest rates, easing inflation, and improved consumer confidence. New car models and variant launches have also helped stimulate demand.

For the first nine months of FY25, car sales have totaled 100,868 units, a 46% jump from 69,081 units during the same period last year (9MFY24).

Sazgar Engineering (SAZEW) sold 943 units in March, up 87% YoY and 7% MoM, driven by strong demand for HAVAL variants. Sales for 9MFY25 surged 153% YoY to 8,027 units, up from 3,172 units in 9MFY24.

Pak Suzuki Motor Company (PSMC) posted an 11% YoY growth but saw a 15% MoM dip in March. Alto, Ravi, Swift, and Every remained top sellers.

Indus Motor Company (INDU) recorded a sharp 84% YoY and 20% MoM increase, thanks to solid sales of Corolla and Yaris.

Hyundai Nishat reported a 19% YoY rise but a 10% MoM drop, while Honda Atlas Cars (HCAR) saw sales decline 35% YoY and 30% MoM.

Sales of 2- and 3-wheelers reached 125,311 units in March 2025, a 34% YoY increase but down 3% MoM. Data for Royal Prince and certain three-wheeler brands is still awaited. So far, 9MFY25 sales stand at 1,089,922 units, up 31% YoY.