ghazi52
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Pakistan produces 2.2 million motorcycles in 2016
KARACHI: Motorcycle production in the country reached its highest level with 2.2 million units produced during 2016, up by 18.53 percent as compared to 1.9 million motorcycles produced in 2015.
Detailed assessment of the Pakistan Bureau of Statistics (PBS) latest data reveals that motorcycle production, including locally made Japanese brand and Chinese made imported motorcycles' brand, stood at 2,267,468 units in 2016 while 1,912,944 units were produced in 2015.
Industry experts attributed this splendid growth in production of motorcycles to lower oil prices and an improved business environment which has provided a much needed boost to the motorcycle industry in the outgoing year because these two wheelers have been become a popular choice for Pakistanis to commute amid the lack of public transport facilities in the country.
There are more than 60 motorcycle makers in the country with Honda still leading the market by a notable margin. Motorcycle manufacturers produced over 175,000 motorcycles per month on average, indicating a rapid increase in the usage of the transport vehicles.
However, economical Chinese made motorcycles turn out to be the most deadly form of transport, massively contributing to road traffic accidents. With substandard parts - a low quality chassis used in motorcycle assembly - the motorcycles often do not meet safety standards.
According to a report, road accidents in Pakistan have taken a horrible toll in the last 10 years as 15 people are killed daily in road and traffic accidents in the country. The study found that out of 3,375 road accidents which occurred in the last six months, road traffic accidents between motorcycles amounted to 2,787 and affected around 4,122 people. The percentage of road and traffic accidents involving motorcycles during the last six months was 83 percent. Similarly, Large Scale Manufacturing (LSM) depicted a growth of 7.0 percent in
December 2016. Growth was observed in all the significant high weight sectors with the exception of textiles and fertilizers which displayed subdued growth. This takes cumulative growth to 3.9 percent year on year (YoY) for the first half of the fiscal year 2016-17.
In specific terms, the automobile industry experienced an increase due to a rise in production of tractors (447 percent YoY), trucks (52.1 percent YoY) and buses (43.2 percent YoY). However, the performance was dragged by LCV's (-38.8 percent YoY).
KARACHI: Motorcycle production in the country reached its highest level with 2.2 million units produced during 2016, up by 18.53 percent as compared to 1.9 million motorcycles produced in 2015.
Detailed assessment of the Pakistan Bureau of Statistics (PBS) latest data reveals that motorcycle production, including locally made Japanese brand and Chinese made imported motorcycles' brand, stood at 2,267,468 units in 2016 while 1,912,944 units were produced in 2015.
Industry experts attributed this splendid growth in production of motorcycles to lower oil prices and an improved business environment which has provided a much needed boost to the motorcycle industry in the outgoing year because these two wheelers have been become a popular choice for Pakistanis to commute amid the lack of public transport facilities in the country.
There are more than 60 motorcycle makers in the country with Honda still leading the market by a notable margin. Motorcycle manufacturers produced over 175,000 motorcycles per month on average, indicating a rapid increase in the usage of the transport vehicles.
However, economical Chinese made motorcycles turn out to be the most deadly form of transport, massively contributing to road traffic accidents. With substandard parts - a low quality chassis used in motorcycle assembly - the motorcycles often do not meet safety standards.
According to a report, road accidents in Pakistan have taken a horrible toll in the last 10 years as 15 people are killed daily in road and traffic accidents in the country. The study found that out of 3,375 road accidents which occurred in the last six months, road traffic accidents between motorcycles amounted to 2,787 and affected around 4,122 people. The percentage of road and traffic accidents involving motorcycles during the last six months was 83 percent. Similarly, Large Scale Manufacturing (LSM) depicted a growth of 7.0 percent in
December 2016. Growth was observed in all the significant high weight sectors with the exception of textiles and fertilizers which displayed subdued growth. This takes cumulative growth to 3.9 percent year on year (YoY) for the first half of the fiscal year 2016-17.
In specific terms, the automobile industry experienced an increase due to a rise in production of tractors (447 percent YoY), trucks (52.1 percent YoY) and buses (43.2 percent YoY). However, the performance was dragged by LCV's (-38.8 percent YoY).
