Automobile industry sales exhibit 23% growth

May 13, 2018 Off By Web Desk

The automobile industry sales have exhibited 23 percent growth with production of 154,732 units during first eight months of this fiscal year.

The production of jeeps and cars during the same period of last year 2016-17 was 125,503 units.

Official statistics show that tractors sales growth during the same period of this year recorded at 39.5 per cent, buses and trucks 15.4 per cent and motorcycles and three wheelers 17.7 per cent.

Strong demand for automobile is due to rising income levels, together with low interest rates which led to a significant boom in auto financing.

Source: Radio Pakistan