Car production increases 28.8pc in five months

0
106

ISLAMABAD: The production of cars and jeeps increased by 28.84 per cent during the first five months of the current fiscal year (2017-18) compared to the corresponding period of last year.

As many as 97,036 cars and jeeps were manufactured during July-November (2017-18) against the production of production of 75,314 units during July-November (2016-17), according to the latest data of Pakistan Bureau of Statistics (PBS).

The production of light commercial vehicles (LCVs) also increased by 19.20 per cent by going up from output of 10,358 units last year to 12,347 units during the ongoing year while the production of motorcycles surged by 18.16 per cent as its manufacturing increased from 987,546 units last year to 1,166,207 units during the current fiscal year.

According to the data, the production of trucks also increased from 3,212 units last year to 3,889 units during the current year, showing growth of 24 per cent while the production of tractors surged by 64.05 per cent by expanding output of 16,889 units to 27,706 units.

However, the production of buses witnessed a decrease of 33.39 per cent, from 563 units to 375 units, the data revealed.

Meanwhile, on year-on-year basis, the production of jeeps and cars increased by 17.61 per cent as their output went up from 16,124 units during November 2016 to 18,963 units in November 2017.

Likewise, LCVs saw an increase of 42.08 per cent from 1,863 units to 2,647 units. However, motorcycle production increased by a mere 3.55 per cent, from 217,207 units to 224,918 units.

The production of tractors also witnessed an increase of 9.73 per cent by going up from 5,427 units to 5,955 units.

However, the production of trucks and buses witnessed decrease of 2.96 per cent and 73.24 per cent respectively during November 2017 compared to the same month of last year.

The production of trucks decreased from 676 units to 656 units while the production of buses declined from 71 units to 19 units, the data revealed.

It is pertinent to mention here that over all Large Scale Manufacturing Industries (LSMI) growth witnessed an impressive growth of 7.19 per cent during July-November 2017-18 against the same period of last year.

The country’s LSMI Quantum Index Numbers (QIM) was recorded at 134.94 points during July-November (2017-18) against 125.89 points during July-November (2016-17).

The highest growth of 4.47 per cent was witnessed in the indices monitored by Ministry of Industries, followed by 1.94 per cent growth in the products monitored by Provincial Bureaus of Statistics (PBOS) and 0.77 per cent growth in the indices of Oil Companies Advisory Committee (OCAC).

LEAVE A REPLY

Please enter your comment!
Please enter your name here