Monday, 17 November 2014

Tractor production rises by 65 percent in first quarter

There has been 65 percent increase in the production of farm tractors in the first quarter of 2014 (July to October) than the first quarter of 2013. The three tractor manufacturers produced 15,617 tractors as against 9,721 of July-October 2013, PAMA sources told Business Recorder.

They said that there has been correspondent increase in the sale of tractors as the buyers picked up 13,556 tractors from the market during the first four months of the current year as against 8,392 pieces of July-October 2013.

Sources said that Millat tractors (Massey Ferguson) took the lion's share of the market which produced 10,869 tractors and sold 8,496 units. Alghazi tractors (Fiat) produced 4,393 and sold 4894 pieces. Orient IMT produced 333 tractors and sold 105 pieces.

They said that this significant revival of the tractor was due to the timely reduction in the GST on tractors that made the prices of the attractive for the buyers' especially small farmers and self employed persons.
Copyright Business Recorder, 2014

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