Tuesday, March 03 2026

Automobile industry remains uncompetitive: CCP
Pakistan’s automobile industry remains structurally uncompetitive due to high entry barriers, inconsistent policies, and market distortions, the Competition Commission of Pakistan (CCP) warned in its automobile sector study. These challenges are limiting investment, innovation, and consumer welfare, the report notes. The study highlighted that market contestability - the ease with which new firms can enter and compete — is constrained by restrictive import policies, shifting tariffs, strict localisation requirements, and limited access to technology and financing. Macroeconomic instability, supply chain disruptions, and the absence of a predictable long-term industrial policy have further increased business risks, discouraging new entrants.
Related news categories: auto-assembler business economic-indicators misc

Monday, March 02 2026

Bestway Cement enters auto sector after CCP nod
The Competition Commission of Pakistan (CCP) has approved the proposed acquisition of Al-Haj Automotive (Private) Limited by Bestway Automotive (Private) Limited, a wholly owned subsidiary of Bestway Cement Limited, following a Phase-I competition assessment conducted under the Competition Act, 2010. According to a statement released on Saturday, Bestway Automotive (Private) Limited filed a pre-merger application on January 26, 2026, for the acquisition of Al-Haj Automotive (Private) Limited, under Section 11 of the Competition Act, 2010. The transaction arises from an asset purchase agreement executed on December 22, 2025, between the merger parties. Meanwhile, the acquirer, Bestway Automotive (Private) Limited, is a private limited company incorporated in Pakistan and a wholly owned subsidiary of Bestway Cement Limited, a company listed on the Pakistan Stock Exchange.
Related news categories: auto-assembler business cement economic-indicators psx stock-exchanges
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Wednesday, February 11 2026

Pakistan car sales jump 43% YoY in first seven months of FY26
Car sales in Pakistan increased by 43% year-on-year (YoY) to 111,377 units in the first seven months of the fiscal year 2025-26 (FY26), showed Pakistan Automotive Manufacturers Association (PAMA) on Tuesday. Car sales (including LCVs, Vans, and Jeeps) stood at 77,686 units in 7MFY25. “There are two reasons for the increase in sales of all vehicles; a decrease in interest rate set by the State Bank of Pakistan (SBP) and light-and-small industry improved performance following a boost in auto sales,” auto analyst Mashood Khan said.
Related news categories: auto-assembler business economic-indicators psx stock-exchanges

PSMC exports first shipment of Ecstar engine oil to Oman
Pak Suzuki Motor Company (PSMC) has successfully exported its first shipment of Ecstar engine oil to Oman, becoming the first Original Equipment Manufacturer (OEM) in Pakistan to achieve this milestone. According to an official announcement made by the PSMC, the Ecstar is a globally trusted engine oil brand, renowned for its high performance automotive, motorcycle, and outboard engine oils. Pak Suzuki already exports parts to Vietnam and accessories to Europe and Japan. This shipment marks their debut lubricant export to the Middle East, signaling plans for further international growth. Pak Suzuki Managing Director Hiroshi Kawamura, President and CEO Idemitsu Lube Pakistan (Pvt) Ltd Tomohiro Yamashita witnessed the ceremony along with their teams. At the ceremony, the Managing Director of Pak Suzuki Motor Company highlighted the company’s longstanding history, noting that it was established in 1983.
Related news categories: auto-assembler business economic-indicators psx stock-exchanges
Related symbols: psmc (news stock)

Tuesday, February 10 2026

Honda reports more than 60% year-on-year drop in quarterly operating profit
Honda Motor said on Tuesday its third-quarter operating profit fell 61.4%, marking a fourth consecutive year-on-year decline, as U.S. import tariffs and weakening demand for electric vehicles weighed on results. Japan’s second-biggest automaker after Toyota Motor reported operating profit of 153.4 billion yen ($987.07 million) for the period, missing the 174.5 billion yen average forecast from nine analysts polled by LSEG. That compared to a 397.3 billion yen operating profit in the same quarter a year earlier. The company maintained its operating profit forecast for the year ending March 2026 at 550 billion yen. It said its automobile business booked an operating loss for the first nine months of the financial year.
Related news categories: auto-assembler business economic-indicators psx stock-exchanges
Related symbols: hcar (news stock)