Tractors production declined by 46 percent during last fiscal

Engineering Post Report

Production of farm tractors in the country declined by as much as 46.11 per cent during the just concluded  financial year 2022-23 as compared to the previous year.

During financial year  2022-23, 31726 units were produced  against the production of  58880 units during the previous year 2021-22.

According to the information available from the Pakistan Automobile Manufacturing Association (PAMA), during the last fiscal year, production of trucks  also witnessed a  decreasing trend  as it went down to 3072 units  from  5659 units  indicating a decline of 45.71 percent. Furthermore, the production of  Light Commercial Vehicles (LCVs) and Jeeps also went down  by 19.58 per cent  to 31333 units during the period under report here   from 44421 units produced during the previous year 2021-22.

Production of passenger cars  also declined to 101984 units  during last financial year against the production of 226433 units the previous year.

Manufacturing of motorcycles and three wheelers  also went down  to 1188087 units from  1826467 units showing a decrease of 34.95 percent during the last two financial years respectively. However, the production of buses only witnessed a marginal  increase of 6.05  per cent  from 661 units in 2021-22 to 701 units during fiscal year 2022-23.