Production of light commercial vehicles drops 16.19pc

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ISLAMABAD: The production of light commercial vehicles (LCVs) witnessed a decrease of 16.19pc during the first eleven months of the fiscal year 2018-19, as against the output of the same period of last fiscal year.

According to the data released by Pakistan Bureau of Statistics (PBS), as many as 22,777 LCVs were manufactured during July-May 2018-19, as compared to the production of 27,178 units during July-May 201-18.

During the period under review, the production of cars and jeeps witnessed a decrease of 5.32pc, as it declined from 214,904 units last year to 203,474 units.

The production of motorcycles also decreased by 12.52pc, from the output of 2,606,326 units last year to 2,279,925 units.

Similarly, the production of trucks decreased by 32.43pc, from 8,544 units to 5,773 units, whereas the production of tractors dropped by 31.21pc, from 67,371units to 46,344 units.

On the contrary, the production of buses during the period under review witnessed a growth of 16.11pc, as it went from the output of 714 units to 829 units.

On a year-on-year basis, the production of LCVs declined by 35.81pc, from 2,061 units in May 2018 to 1,323 units in May 2019.

As per details, the production of jeeps and cars fell by 31.09pc, from 18,227 units in May 2018 to 12,561 in May 2019, while the production of motorcycles decreased by 18.63pc, from the output of 250,508 units to 203,826 units.

The production of tractors witnessed a negative growth of 53.22pc, declining from 6,870 units in May 2018 to 3,214 units in May 2019. The production of trucks also dipped from 808 units in May 2018 to 335 units in May 2019.

However, the production of buses increased by 42.42pc, from 66 units to 94 units.

It is pertinent to mention that the overall output of large scale manufacturing industries (LSMI) during the first 11 months of FY19 observed a negative growth of 3.5pc as compared to the corresponding period of last year.

On a year-on-year basis, the LSMI production witnessed a 3.78pc reduction during the month of May 2019 as compared the same month of last year. On a month-on-month basis, it decreased by 7.97pc when compared with April 2019.

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