Millat Tractors manufacturer of Massey Ferguson Tractors in Pakistan increased prices of all tractor models in the mid of January, 2021. They have more than 60% market share in in tractor industry of Pakistan. There is no significant changes in specs for the new 2021 tractor models however the reason of increased tractor prices due to the depreciation of Pakistani Rupee against US Dollar.
5% GST is the inclusive of the total price imposed by the Government of Pakistan. New price list applicable on all new booking either on cash or loan. Massey Ferguson tractor is famous in all agricultural areas to make the irrigation process fast and cost effective. Since few years Massey Ferguson 385 model is very much demanded because of its rough and tough usage.
People are also getting rumors in the market that AGTL (Al Ghazi Tractors Ltd) manufacturer of New Holland tractors are also going to increase prices for all models too. AGTL is 2nd largest number of market leader after Millat tractors in Pakistan with market share of around 33%.