Production of buses and trucks up by 86%, 37% in 11 months | Pakistan Today

Production of buses and trucks up by 86%, 37% in 11 months

The production of buses and trucks increased by 85.79 per cent and 37.11 per cent respectively during the first 11 months of the fiscal year 2015-16.

As many as 994 buses were manufactured during July-June (2015-16) compared to the production of 535 units during July-June (2014-15), according to Pakistan Bureau of Statistics (PBS).

Similarly, the production of trucks was recorded at 5,065 units during the period under review compared to the production of 3,694 units during the corresponding period of last year.

On year-on-year basis, the production of buses and trucks during the month of May 2016 increased by 113.33 per cent and 8.50 per cent respectively compared to the same month of last year.

As many as 128 buses and 587 trucks were manufactured during May 2016 compared to the production of 60 and 541 units respectively in May 2015.

Meanwhile, during July-May (2015-16), the production of jeeps and cars witnessed growth of 21.57 per cent compared to production of the corresponding period of last year.

As many as 168,363 jeeps and cars were manufactured during July-May (2015-16) compared to the production of 138,490 units during July-May (2014-15), showing a surge of over 21.57 per cent.

The production of Light Commercial Vehicles (LCVs) also witnessed positive growth of 35.65 per cent by going up from the output of 24,794 units during the last year to 33,632 units during the current year.

Meanwhile, the overall Large Scale Manufacturing (LSM) sector has witnessed growth of 3.45 per cent during the first 11 months of the year (2015-16) compared to the LSM growth of corresponding period of last year.

The Quantum Index Numbers (QIM) of large scale manufacturing industries was recorded at 132.80 points during July-May (2015-16) against 128.37 points during the same period of last year, according to data released by the PBS.

The highest growth of 2.21 per cent was witnessed in indices monitored by the Ministry of Industries followed by 1.24 per cent increase in indices of provincial bureaus of statistics (PBOS) while the indices of Oil Companies Advisory Committee (OCAC) decreased by 0.003 per cent.

On year-to-year basis, however, the industrial growth decreased by 1.49 per cent during May 2016 compared to the same month of last year while on month-to-month basis, the industrial growth decreased by 3.47 per cent during May 2016 when compared to growth of April 2016, the data revealed.



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