The news about the construction of Volkswagen plant in Pakistan is circulating on social media, and now we can confirm it is true. According to our sources, the construction will start within this quarter. A great news, indeed!
“The plant will be constructed in approximately 2 years,” the sources added.
Volkswagen Vehicles in Pakistan:
In 2018, Volkswagen AG and Premier Motors Ltd signed the final legal agreement for manufacturing commercial vehicles in Hanover, Germany. Under the agreement, the company will invest $135 million in a bid to make new cars and set up an assembly unit in Pakistan.
As per reports, the German company will manufacture its Amarok Truck and Transporter Van in Pakistan. Amarok Truck will compete Toyota Hilux and Isuzu D-Max. Meanwhile, Transporter will go up against Hyundai Grand Starex and KIA Grand Carnival.
The assembly plant of Volkswagen will have the capacity of producing 28,000 vehicles every year. However, the COVID-19 delayed the establishment of the plant. Earlier, the company was set to start production in 2021.
Furthermore, Premier Motors, has already been selling Audi Cars in Pakistan for over 10 years.
The Agreement:
There was a great hype back in 2017 when Volkswagen and Premier Motors Ltd signed a Letter of Intent on 22nd June 2017. The Board Member of Management of Volkswagen Dr Joseph Baumert met then Prime Minister Nawaz Sharif. The PM assured him that the government would make sure that the company gets all the facilities and help it needs.
Are you excited about the Volkswagen vehicles? What are your expectations from the company?
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