<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We preview automobile sales volumes for Aug-2025, expecting
the three major players including Indus Motors Company Ltd (INDU), Honda Atlas
Cars Ltd (HCAR), and Pak Suzuki Motor Company Ltd to post a growth of 66% YoY
to 11.5k units. On a MoM basis, volumes are likely to surge 35%.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Cumulatively, our sample of three companies is expected to
maintain strong double-digit volumetric growth momentum, rising 43% YoY to ~20k
units during 2MFY26, despite adverse budgetary measures.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">On the contrary, tractor sales are expected to drop 63%/18%
YoY/MoM to 982 units in Aug-202...
