Tractor production down by 47.69% in 6 months

January 18, 2023

Pakistan’s production of farm tractors witnessed a decrease of 47.69% to 14,094 units during the first half (July-December) of current fiscal year (2022-23), against the production of 26,945 units during the same months of 2021-22, WealthPK reported.According to Pakistan Automobile Manufacturing Association (PAMA), during the period under review, the production of trucks also witnessed a decline of 33.18% from 2,787 units to 1,862 units.

The production of pickups, light commercial vehicles (LCVs) and jeeps also dipped by 18.63% to 17,094 units during the period under review from 21,009 units during same period of the previous year. The production of buses witnessed a decrease of 23.89% from 3,043 units to 2,316 units.

The production of passenger cars also declined to 71,378 units during 6MFY23 against 107,251 units during July-December 2021-22, data shows. During the period under review, the manufacturing of motorcycles and three wheelers plunged to 629,510 units from 941,021 units during the corresponding period of last year, showing a decrease of 33.1%.

Credit : Independent News Pakistan-WealthPk