Big international automobile company is making entry into Pakistan in yet another mega investment deal
KARACHI - Big international automobile giant is making entry into Pakistan in yet another mega investment deal in Pakistan.
Master Motor is starting this year the assembling of Iveco trucks, which is the first Italian automotive brand being manufactured in Pakistan.
This was announced by Master Motor Chief Executive Danial Malik while inaugurating their first state-of-the-art 5-S facility and showroom on Wednesday.
“Master Motor is committed to the well-being of Pakistan. We have been importing Iveco trucks but now we have decided to start its assembling from the middle of this year,” he added.
Danial said that Iveco vehicles and Foton and Fuso vehicles, already being sold in the country, are OGRA-complaint, adding that the company is starting production of Changan brand vehicles in Pakistan from next month.
“This joint venture between Master Motor and Changan Automobiles from China, set up with the initial investment of $100 million, would provide 10 thousand direct and indirect employment opportunities,” Danial said.
He said the company has already established 10 dealerships in major cities of Pakistan while this dealership was its first 5-S facility..