Honda Atlas Cars sales fall 19% in October as City and Civic sales also decline

Honda Atlas Cars (HCAR) sales declined 19% year-on-year in October 2026, primarily due to the discontinuation of the BR-V variant, while City and Civic sales fell 14% Y/Y.HCAR sold 2,101 units in the month compared with 2,607 units a year earlier, marking a 1% sequential drop from September.

City and Civic volumes stood at 1,933 units against 2,247 units last year. Sales of the BR-V/HR-V line came in at 168 units, down 53% Y/Y from 360 units, reflecting the impact of the BR-V exit.Despite the monthly decline, HCAR’s cumulative sales for the first four months of FY27 rose 27% Y/Y to 9,502 units. City/Civic volumes

in the four-month period grew 49% to 9,036 units, while BR-V/HR-V sales dropped 67% to 466 units.The drop at HCAR stood in contrast to broader industry momentum. Overall auto sales expanded 24% Y/Y in October, with industry cars (passenger cars, SUVs and LCVs) rising 41% to 24,418 units. Passenger car sales jumped 61% and offset a 27% decline in the SUV/LCV segment. Two- and three-wheelers grew 22% to nearly 200,000 units, while tractors surged 44%.Other listed assemblers showed mixed results. Atlas Honda (ATLH) rose 25% to a record 173,200 units, while Indus Motor (INDU) fell 10%. Sazgar (SAZEW) volumes for the

month remain awaited.Analysts expect industry momentum to continue into the second quarter of FY27, though the SUV/LCV segment is likely to stay under pressure until policy clarity improves. A PKR 100 per litre fuel subsidy for two-wheelers and cars below 800cc continued to support demand in those segments. The latest auto policy draft, approved by the Prime Minister on 7 November, still awaits formal Cabinet sign-off.