Two European Giant automakers are all set to enter Pakistan to bring a revolution in the Pakistani automobile sector.
Premier Motors Limited (PML) is developing a manufacturing plant in Hub Balochistan that will soon be going to locally assemble Volkswagen (VW) and Skoda vehicles in Pakistan.
German Consul General, Dr. Rüdiger Lotz, visited the under-construction manufacturing plant. He stated that PML and VW Group will locally assemble premium Skoda and Volkswagen cars for the first time in Pakistan. But here the fact is that Skoda Auto is based in the Czech Republic, and Volkswagen owns and manages it.
According to the details, the plant will be completed by 2024 and will have the capacity to produce 32,000 units per year.
German Counsel also said that Pakistan needs foreign investments during this unstable period. They’ll not only generate more revenue but also create jobs and increase exports, thereby improving overall economic activity.
Earlier last year in the month of October it was revealed that PSA Group Pakistan, the @volkswagen Group has now penned an agreement with Premier Motors Limited to begin assembling its passenger cars and SUVs in the country.
