The prevailing economic uncertainty in the country, especially depreciating Rupee against the US Dollar, and lack of availability of CKD units leading to plant closures is wreaking havoc on the sales and prices of automobiles. Agricultural and farm machinery is also feeling the heat as Millat Tractors, too, has increased the prices of its tractors with immediate effect. Here’s the latest, increased Millat Tractor price across Pakistan:
| Model | Old Price | New Price | Difference |
| MF-240 | 2,020,000 | 2,190,000 | 170,000 |
| MF-260 | 2,350,000 | 2,550,000 | 200,000 |
| MF-260-SE | 2,392,000 | 2,600,000 | 208,000 |
| MF-360 | 2,480,000 | 2,690,000 | 210,000 |
| MF-360 4WD | 3,514,000 | 3,795,000 | 281,000 |
| MF-375 | 3,102,000 | 3,345,000 | 243,000 |
| MF-375 4WD | 4,165,000 | 4,500,000 | 335,000 |
| MF-385 | 3,213,000 | 3,465,000 | 252,000 |
| MF-385 4WD | 4,282,000 | 4,585,000 | 303,000 |
Analysis
This price hike is bad news on a variety of levels. Other than taking new tractors out of the reach of farmers and agriculturists, it will feed into increasing the prices of staple foods in Pakistan. Using an even more expensive tractor means more expensive food in Pakistan. To make matters worse, the government has recently raised the per litre price of diesel.
For more information: Fuel Prices in Pakistan: The Bomb Exploded Sooner Than Expected
Massey Ferguson (MF), a brand of Millat Tractors, has been posting positive year-on-year (YOY) sales figures. However, this can change with the recent price hike.
As new tractors get out of the reach of many, used Millat Tractors in Pakistan would become hot in the market. Do check out their prices on OLX Pakistan.
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