Boom in Local Vehicle Production: Trucks and Buses Output Soars by 106.7%, 55.95%

During the first eight months of the current financial year, the assembly of trucks and buses in the country experienced remarkable growth, increasing by 106.71% and 55.95% respectively compared to the same period last year. This surge, highlighted in the summary of Provisional Quantum Index Numbers of Large Scale Manufacturing Industries (QIM), reflects the ongoing expansion and development within the local automotive manufacturing sector.

The QIM for February 2025, released by the Pakistan Bureau of Statistics, the QIM for July-February 2024-25 was estimated at 115.82.

During the period from July-February, 2024-25, over 3,113 trucks were locally assembled as compared to the assembling of 1,506 trucks of the same period of the last year, the data reveled.

Meanwhile, about 524 buses were locally produced during the period under review as compared to the production of 336 buses of the same period of the last year, it added.

However, tractor assembling in the country during first 08 months of the current financial year decreased by 29.70 percent as compared to the assembling of the corresponding period of the last year.

During the period from July-February, 2014-25, about 22,613 tractors were locally assembled as compared to the manufacturing of 32,165 tractors of the same period of the last year.

Meanwhile, heavy machinery and equipment manufacturing during the period under review increased by 23.89 per cent as compared to assembling of the same period of the last year.

In first 08 months of current financial year, 140 units of heavy machinery and equipments locally assembled as compared to the assembling of 113 units of the same period of the last year.

It may be recalled there that  the output of Large Scale Manufacturing Industries (LSMI) in the country during first eighty months of current financial year (2024-25) slightly decreased by 1.90 percent as compared to the production of the corresponding period of the last year.