The automobile industry in Pakistan plays an important role in helping shape the country’s industrial and economic landscape. As one of the most dynamic sectors listed on the Pakistan Stock Exchange (PSX), automobile assemblers not only reflect consumer demand and industrial trends but also serve as a barometer for investor confidence in the broader manufacturing sector.
Car sales in Pakistan jumped by 43% in the fiscal year 2024-25, according to the Pakistan Automotive Manufacturers Association (PAMA) data, an increase that analysts attributed to stable macroeconomic environment, introduction of more variants, lower interest rates, and improving consumer sentiment.
In FY25, car sales (including jeeps and pick-ups) stood at 148,023 units, against 103,829 units reported in FY24.
This story takes a closer look at the top five automobile assemblers currently listed on the PSX, ranked based on market capitalisation as of July 28, 2025.
Indus Motor Company Limited (INDU) ($587mn)
Indus Motor Company Limited (PSX: INDU) was incorporated in Pakistan in 1989 as a joint venture between some companies of House of Habib, Toyota Motor Corporation (TMC) and Toyota Tsusho Corporation of Japan. The company is engaged in the assembling, progressive manufacturing and marketing of Toyota and Daihatsu brand vehicles in Pakistan. INDU also acts as the sole distributor of these brands.
Last year, INDU announced an additional investment of Rs1.1 billion to enhance what it called localisation of production.
The company said the investment was part of its overall plan to increase localisation of parts and components of vehicles manufactured locally, in order to reduce outflow of foreign exchange and promote the local auto industry, generating employment and contributing to the economy.
In the first nine months of the financial year 2024-25, Indus Motor posted a profit-after-tax (PAT) of Rs16.55 billion, significantly up by 75% as compared to the same period last year.
The market capitalisation of Indus Motor at the PSX stands at $587 million.
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