ISLAMABAD, July 27 (INP-WealthPK):Production of farm tractors in the country witnessed an increase of 16.01 percent to 58,880 units during the 12 months of Fiscal Year 2021-22 against the production of 50,751 units in the same months of the Financial Year 2020-21.

During the period under review, production of trucks also witnessed an increasing trend, as it went up from 3,808 units to 5,659 units, showing an increase of 48.60 percent, according to the Pakistan Automobile Manufacturing Association (PAMA).

Production of pickups, Light Commercial Vehicles (LCVs) and jeeps also rose by 42.96 percent to 44,421 units during the fiscal year under review from 31,072 units during the last fiscal year.

Production of buses also witnessed an increase of 15.96 percent from 570 units to 661 units during the period under review, the PAMA added. 

Meanwhile, production of passenger cars also posted a record increase of 49.17 percent as it increased to 226,433 units during the period under review against the production of 151,794 units during July-June 2020-21, the data revealed.

Motorcycles and three wheelers production plunged to 1,826,467 units during July-June from 1,902,415 units during the same period, showing a nominal decrease of 3.99 percent, it added.

Credits: INP-WealthPk