China's automobile giant making millions dollars entry into Pakistani market
KARACHI - Master Motor is starting assembling of IVECO trucks this year, which is the first Italian automotive brand being assembled, in Pakistan. Chief Executive of Master Motor Danial Malik stated this on Wednesday while inaugurating first state-of-the-art 5-S facility and showroom in SITE area here. He said, "We have been importing Iveco trucks but now we have decided to start its assembling from the middle of this year." Besides, he informed 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 dollars will provide 10 thousand direct and indirect employment opportunities, he added. Speaking on the occasion Nadeem Malik, Managing Director Master Motor Corporation Ltd (MMCL) said that his company has taken a step further in their pursuit of providing quality products and services to their customers by inaugurating its first state-of-the-art 5S facility and showroom in SITE, Karachi.