Domestic farm tractor production during the first five months of the current financial year grew by 60.68 per cent as compared to the production of the corresponding period of the last year.
During the period from July-November, 2023 about 20,937 tractors were locally assembled as compared to the assembling of 13,030 tractors of the corresponding period of last year.
Meanwhile, the sales of locally assembled tractors during the period under review grew by 98.19 per cent as compared to the sales of the same period of last year, according to the data of Pakistan Automobile Manufacturers Association (PAMA).
During the period under review, Massey Ferguson produced 13,085 tractors as compared to the production of 6,417 tractors, which was higher by 103.91 per cent when compared with the assembling of the same period of the last year.
Meanwhile, the sales of the company also remained on an encouraging growth trajectory as it grew by 124.13 per cent and sold about 13,000 tractors as compared to the sale of 5,800 tractors in the same period of last year.—APP
