MILLAT TRACTORS LTD SET NEW RECORD OF HIGHEST PRODUCTION BY PRODUCING 42,000 TRACTORS

Tuesday, July 05, 2011, Lahore; Millat Tractors Limited set a new record of highest ever production and sales by selling 42,000 tractors in the challenging year that ended on 30th June, 2011, improving by 4.5% than previous year’s sales of 40,140. The company also improved its market share from 56% to 60%

which is the reflection of trust reposed by customers in Millat made tractors. To celebrate the occasion, the key of the 42,000th tractor was handed over to a farmer by Mr. Laeeq Uddin Ansari, CEO, MTL in a simple ceremony held in company premises.

Speaking on the occasion, Mr. Laeeq said that record sales and increased market share have been achieved in a year which was challenging. At the very onset of the year, the country faced unprecedented floods impacts and later the levy of 17% GST on inputs and tractors. He further informed that the Company will continue its efforts to produce quality tractors and offer new tractor models to the farmers of Pakistan suiting to their farming needs at affordable prices. He thanked all customers for reposing confidence in Millat produced Massey Ferguson tractors and congratulated the Company workers, employees, vendors and dealers for achieving this record.