Motorcycle production up 15.44pc to over 2.650 million units
The production of motorcycles during the first eleven months of fiscal year (2017-18) increased by 15.44 percent as against the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported.
As many as 2,650,233 motorcycle were manufactured during July-May (2017-18) against the output of 2,295,846 during July-May (2016-17), showing growth of 15.44 percent, the latest PBS production data revealed.
The production of cars and jeeps witnessed 20.10 percent increase during the period under review as 214,904 jeeps and cars were manufactured during July-May (2017-18) against the production of 178,944 units during July-May (2016-17).
The production of light commercial vehicles (LCVs) witnessed an increase of 18.54 percent in production during the period under review by growing from 22,927 units last year to 27,178 million during 2017-18.
The production of tractors also increased from 50,049 units last year to 67,371 units, showing growth of 34.61 percent while the production of trucks increased by 20.27 percent, from 7,104 units to 8,544 units.
However, the production of buses during the period under review witnessed negative growth of 31.54 percent by going down from the output of 1,043 units to 714 units.
Meanwhile, on year-on-year basis, the production of motorcycles increased by 14.57 percent by growing from the output of 231,295 units in May 2017 to 264,984 units in May 2018.
The production of tractors also witnessed upward growth of 19.56 percent by growing from 5,746 units in May 2017 to 6,870 units in May 2018.
The production of jeeps and cars increased by 0.74 percent as the country manufactured 18,227 jeeps and cars during May 2018 against the production of 18,094 units during May 2017, the PBS data revealed.
Muhammed Hanif Memon
Founder and Editor in Chief of Monthly Automark Magazine since 2006. Magazine published from Karachi Pakistan covers Automotive industry of Pakistan, car, motorcycle and tractor news. Magazine distributed in Karachi, Lahore, Hyderabad, Multan, Islamabad, Gujranwala, Faisalabad.