The auto parts and accessories segment at the Pakistan Stock Exchange (PSX) represents a dynamic intersection of manufacturing strength, technological progress, and investor interest. These companies supply critical components that keep Pakistan’s automotive industry moving. Their performance often serves as a barometer for the broader auto sector, reflecting demand patterns and localisation initiatives.
In recent years, the industry has faced shifting economic conditions, fluctuations in automobile production, and evolving regulatory frameworks.
This article highlights top eight auto parts and accessories firms listed on the PSX, evaluating them based on market capitalisation.
1. Thal Limited (THALL) ($157 million)
Thal Limited (PSX: THALL) was incorporated in Pakistan as a public limited company in 1966. The principal activity of the company is the manufacturing of jute goods, engineering goods, laminate sheets and paper sacks.
As of June 30, 2025, THALL has a total of 81.030 million shares outstanding which are held by 4451 shareholders. Individuals have the majority stake of 40.33% in the company followed by foreign investors holding 39.93% shares of the company.
Banks, Development Finance Institutions (DFIs), Non-Bank Financial Institutions (NBFIs), insurance, pension funds and other financial institutions collectively hold 6.21% shares of THALL while mutual funds account for 4.89% shares of the company.
In September 2025, THALL announced plans to establish a wholly owned subsidiary in Pakistan to set up a modern grain storage and milling facility in Muzaffargarh, Punjab, with an investment of up to $16 million (Rs5.22 billion).
The company shared then that alongside storage infrastructure, the new company would also integrate milling solutions to process and mill grains, with improved quality and value.
After posting year-on-year decline for two successive year, THALL’s topline (gross revenue) picked up by 11.53% to clock in at Rs29.61 billion in 2025. This was due to 50% rebound in the sale of engineering segment as its major customer – automobile industry- posted growth in volumes due to lower discount rate, stability of Pakistan rupee and launch of new models throughout the year.
The market capitalisation of Thal Limited at the PSX currently stands at $157 million.
2.Treet Battery Limited (TBL) ($46 million)
Treet Battery Limited (PSX: TBL) was listed on the PSX in December 2023. The listing followed the successful de-merger and bifurcation of the Battery Division from First Treet Manufacturing Modaraba (FTMM), a listed entity on the exchange.
It is a division of the well-known Treet Corporation, entered Pakistan’s battery manufacturing industry with a focus on high-quality lead-acid batteries. Leveraging its parent company’s established reputation in various industries, Treet Battery aims to expand its presence in the automotive and energy storage sectors.
The company primarily manufactures batteries for automobiles, including cars, motorcycles, and trucks, as well as batteries for backup power systems and renewable energy storage.
In September this year, TBL entered into an agreement with Highstar Digital Energy Technology (Guangdong) Co., Ltd, a Chinese technology company, for the import and sale of lithium-ion batteries in Pakistan.
Terming the agreement a “strategic step”, Treet Battery said then the agreement paved the way for the company to enter into the fast-growing lithium-ion battery segment, supplementing its existing operations in lead-acid batteries.
The market capitalisation of Treet Battery Limited at the PSX currently stands at $46 million.
3.Panther Tyres Limited (PTL) ($31 million)
Panther Tyres Limited (PSX: PTL) was incorporated in Pakistan as a private limited company in 1983 and was converted into public limited company in 2003. The principal activity of the company is the manufacturing and sale of tyres and tubes for vehicles.
In January 2021, PTL raised Rs2.632 billion through book-building which saw a broad based participation from institutional and high net worth investors. The book-building was over-subscribed by 4.4 times with price closing at the Rs65.80 per share; an increase of 40% from the floor price of Rs47.0 per share. The total demand received was Rs8.215 billion against total issue size of Rs1.880 billion; oversubscribed by Rs6.335 million. Arif Habib Limited is the Lead Manager and Book Runner for this IPO.
In August 2025, PTL said it had commissioned a 2.5 megawatts (MW) solar power system at its manufacturing facility, marking a significant step toward renewable energy adoption. The company said the commissioning would strengthen its energy mix by meeting a considerable portion of its power requirements through clean and renewable sources.
The market capitalisation of Panther Tyres Limited at the PSX currently stands at $31 million.
4.Atlas Battery Limited (ATBA) ($29 million)
Atlas Battery Limited (PSX: ATBA) was incorporated in Pakistan as a public limited company in 1966. The company manufactures and sells automotive, motorcycle batteries energy storage batteries, and allied products.
Shirazi Investments (Private) Limited is the holding company of ATBA holding 58.86% of its shares. The company has signed a technical collaboration with Japan Storage Battery Co. Limited for the production and sale of Japanese batteries in Pakistan. ATBA also boasts itself to be the first battery manufacturer to launch branded distilled water and hybrid batteries.
In November 2024, Atlas Battery was among the six Pakistani exhibitors that presented innovations in the auto industry at the Automechanika Dubai. Other were Osaka Batteries, Panther Tyres, Loads limited, Mecas, and Servis Industries.
The market capitalisation of Atlas Battery Limited at the PSX currently stands at $29 million.
5.Agriauto Industries Limited (AGIL) ($18 million)
Agriauto Industries Limited (PSX: AGIL) was incorporated in Pakistan as a public limited company in 1981. The principal activity of the company is the manufacturing and sale of components for motorcycles, agricultural tractors and automotive vehicles.
As of June 30, 2025, AGIL has a total of 36 million shares outstanding which are held by 3,668 diverse shareholders. Foreign investors represent the largest shareholding category of AGIL holding around 42.24% shares followed by local individuals accounting for 35% shares of the company.
The market capitalisation of Agriauto Industries Limited at the PSX currently stands at $18 million.
6.Exide Pakistan Limited (EXIDE) ($18 million)
Exide Pakistan Limited (PSX: EXIDE) was incorporated in Pakistan as a private limited company in association with Chloride Group PLC of United Kingdom and was later converted into a public limited company.
The principal activity of the company is the manufacturing and sale of batteries, chemicals and acid as well as solar energy solutions. EXIDE acquired Furukawa Battery in 1991 which further strengthened its position in the industry.
As on March 31, 2025, EXIDE has a total of 7.769 million shares outstanding which are held by 2825 shareholders. Directors, CEO & children have the majority stake of 75.54% in EXIDE followed by mutual funds holding 10.27% shares of the company. Local general public accounts for 7.38% shares of EXIDE while foreign companies hold 1.48% shares.
The market capitalisation of Exide Pakistan Limited at the PSX currently stands at $18 million.
7.Loads Limited (LOADS) ($17 million)
Loads Limited (PSX: LOADS) was incorporated in Pakistan as a private limited company in 1979 and was later converted into a public limited company in 1994. The company manufactures and sells radiators, exhaust systems, sheet metal components, and other parts for the automobile industry.
As of June 30, 2024, LOADS has a total of 251.250 million shares outstanding which are held by 8182 shareholders. Directors, their spouses, minor children, and sponsors have the majority stake of around 41.47% in the company followed by the local general public holding 35.67% shares. Associated companies, undertakings, and related parties account for 12.5% of the outstanding shares of LOADS. The remaining shares are held by other categories of shareholders.
LOADS thrived in the 1QFY25 as evidenced by 44.47% year-on-year growth in its topline during the quarter. The rebound in the automobile sector resulted in improved demand from original equipment manufacturers.
In October this year, Loads Limited’s board approved plans to raise up to Rs1.5 billion through a potential right issue of ordinary shares to meet working capital and expansion needs.
The market capitalisation of Loads Limited at the PSX currently stands at $17 million.
8.Ghandhara Tyre & Rubber Company Limited (GTYR) ($16 million)
Ghandhara Tyre & Rubber Company limited (PSX: GTYR) was incorporated in Pakistan as a private limited company in 1963 and was subsequently converted into public limited company. The principal activity of the company is the manufacturing and trading of tyres and tubes for automobiles and motorcycles.
As of June 30, 2025, GTYR has a total of 121.933 million shares outstanding which are held by 5466 shareholders. Associated companies, undertakings and related parties which include Bibojee Services (Private) Limited and Pakistan Kuwait Investment Company (Private) Limited, collectively hold 57.79% shares of the company. These are followed by local general public having 26.13% stake in the company.
In December 2024, GTYR announced its collaboration with Shandong Huasheng Rubber Co., Ltd. (SHRC), a prominent Chinese technology service provider, to explore the establishment of a joint venture in Pakistan.
The market capitalisation of Ghandhara Tyre at the PSX currently stands at $16 million.
Market capitalisation for each company was calculated on Wednesday, November 19, 2025.
For the purpose of this calculation, the exchange rate was used at Rs282 to 1 US dollar.
The above article was contributed by Rehan Ayub, News Editor at media (Digital), with assistance from Hussain Afzal (Graphics) and Junaid Sanawar (Data).
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