Master Motors whose Chinese Collaborator is Changan Automobiles is reportedly all geared up to assemble vans and passenger vehicles in Pakistan by April 2019 for the local customers, reports a local media outlet.
As per an industry analyst, the company has already got advance booking of its vehicles, and with the removal of the ban on non-filers, this was a high time for the company to start the assembly of its vehicles. Moreover, due to harsh new restrictions of importing vehicles into the country, the margin of sale for the new automakers is great.
After receiving the Greenfield investment status from the government, Master Motors officially signed the partnership agreement with Changan Motors on 29th June 2018. Changan Automobile is a Chinese automaker and is famous for manufacturing high-end SUVs and Sedans in China. Moreover, the joint venture will be investing the US $ 100 million in the local auto industry.
Aside from the vans and passenger vehicles, the joint venture will also be assembling SUV in the near future. They are not only aiming to produce vehicles for the local consumers but are also endeavoring to manufacture for international consumers as well. The cars will be built at the company’s plant, which is located at Port Qasim, Karachi. It has the capacity to roll out around 30,000 vehicles per annum.
Note here that the company has already launched its CBU pickup and an MPV in the local auto industry in the previous year. While speaking with the PakWheels.com, at that time, CEO, Master Motors, Danial Malik, said that they are hopeful that these Changan products will perform well in the local auto industry as they are providing excellent vehicles with much features and at a reasonable price bracket.
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