Local tractor assembling reduced by 30.45% in 8MFY19

April 30, 2019: Tractor assembling in the country during first 8 months of current financial year registered negative trend as local production of tractors reduced by 30.45 percent as compared the corresponding period of last year.

During the period from July-February, 20118-19, about 31,879 tractors were assembled locally as compared the 45,576 units of same period last year, according the provisional Quantum Indices of Large Scale Manufacturing Industries (LSMI).

On month on month basis, local tractor production reduced by 35.27 percent in month of February, 2019 as 6,543 tractors were produced locally as compared the production of 31,879 units of same month of last year, it added.

Meanwhile truck assembling during the period under review also remained on negative trajectory as their production was recorded at 4,679 as against the production of 6,081 trucks during first eight months of last year.

During the month of February, 2019 424 trucks were locally assembled as against the assembling of 703 units of same month of last year, the data reveled.

However, in last eight months local production of buses grew by 23.61 percent as against the production of the corresponding period of last year.

In last eight months (July-February) of current financial year, 602 buses were locally assembled as compared the 487 buses of the same period of last year.

The production of cars and jeeps in the country witnessed about 1.28 percent growth as 156,720 jeeps and cares were assembled in first eight months of current financial year as compared the 154,732 jeeps and cars.

On the other hand, about 18,2016 jeeps and cars were produced during the moths of February, 2019 as against the production of 18,573 jeeps and cares in the same period of last year.

It  is worth mentioning here that the over-all output of LSMI in the country decreased by 1.72 percent during the period from July-February, 2018-19 as compared the same period of last year.

 (APP)

Posted on: 2019-04-30T13:13:00+05:00

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