Tractor production grows by 44.69 percent in eight months

Tractor manufacturing in the country during eight months of current financial year grew by 44.69 percent as compared to the production of corresponding period of last year.

During the period from July-February, 2017-18, about 45,576 tractors were assembled in the country as compared the 31,502 tractors of the same period of last year, according the Provisional Quantum Index Numbers of Large Scale Manufacturing Industries released by Pakistan Bureau of Statistics.

During the period under review, the over-all output of LSMI increased by 6.24 percent as compared the corresponding period of last year, it added.

Meanwhile, on month on month basis, the tractor production also grew by 16.55 percent as about 6,543 tractors were manufactured in month of February, 2018 as compared the 5,519 tractors of same month of last year, it added.

In last eight months local production of trucks were recorded at 6,081as compared the 4,888 trucks of same period last year, which was up by 24.41 percent. Trucks production increased by 39.82 percent in month of February and it was recorded at 703 trucks as compared the production of trucks 502 trucks of same month of last year.

In last eight months 154,732 jeeps and cars were locally assembled as compared the assembling of 125,502 jeeps and cars in the same period of last year, which was up by 23.29 percent, whereas 18,573 jeeps and cars were produced on month on month basis in February as compared to the production of 17,223 of same period last year, according to APP.

During the period from July-February, domestic production of motorcycles also grew by 14.15 percent as 1,865,434 motor cycles were manufactured in the country as against 1,634,210 motor cycles of same period last year, the data revealed.