Pakistan’s Auto Industry Booms, Sales Soar Across Sectors

The automotive industry in Pakistan is witnessing unprecedented growth, driven by increased consumer demand and strategic government support through SIFC. Passenger car sales have surged by 46.7%, while commercial vehicles have recorded a staggering 82% growth.

The sector’s performance is further bolstered by a 60% rise in jeep and pickup sales, alongside a 23.4% increase in motorcycle and rickshaw purchases. The introduction of eco-friendly electric vehicles has met with enthusiastic market reception.

The State Bank of Pakistan’s gradual reduction in interest rates and improved financing options, including Islamic financing, have been key factors in restoring consumer confidence. Analysts predict that continued interest rate adjustments and new model launches will sustain this growth trajectory, cementing the industry’s pivotal role in economic progress.