Tractor production grew by 50.23% in seven months of current FY

APP – Tractors manufacturing in the country witnessed 50.23 percent growth during first seven months of current financial year as compared the production of the corresponding period of last year.

During the period from July-January, 2017-18, about 39,033 tractors were manufactured locally as compared the manufacturing of 25,983 tractors of same period of last year, according to the Quantum Index Numbers of Large Scale Manufacturing  (LSM) industries released of Pakistan Bureau of Statistics.

According to the data, the over-all output of LSMI increased by 6.33 percent for July-January, 2017-18 as compared to same period of last year. The LSMI output increased by 9.44 percent for January, 2018 compared to January, 2017 and 13.58 % if compared to December 2017.

During the month of January, domestic production of tractors were recorded 6,419 as compared the production of 4,647 tractors of the corresponding month of last year, it added.

Meanwhile, local trucks production during the period under review grew by 22. 62 percent as about 5,378 trucks were assembled in first seven months of current financial year as compared the assembling of 4,386 trucks of same period last year.

Local production of trucks was recorded at 854 in month of January, 2018, which stood at 580 trucks in the corresponding month of last year, the data reveled.

During last seven months of current financial year local production of jeeps and cars grew by 25.75 percent respectively as about 135,159 jeeps and cars were locally assembled as compared the manufacturing of 108,280 cars and jeeps of same period of last year, it added.

According the data, about 1,450,129 motorcycles produced in last seven months of current financial year as compared the production of 1,423,893 motorcycles of same period last year.

On month on month basis, 253,076 motorcycles were assembled during January, 2018 as compared the production of 234,085 motorcycles of same period last year, the data reveled.

Posted on: 2018-03-19T14:55:00+05:00