Changan Automobiles, a Chinese automobile manufacturer, is entering Pakistan and will soon launch its vehicles.
The company was already in talks with the government to get permission for setting up its plants in the country, and Master Motors was awarded a Category-A Greenfield Status under the Auto Policy 2016-21’s guidelines.
The initial paperwork and registration work seems to be coming to an end, as Changan has already issued notices to the press and will hold an announcement event soon.
Source told ProPaksitani that both companies will agree to establish an assembly plant in Karachi. In the first phase they will introduce passengers’ cars, and provides aftersales services as well. The target market will be middle and higher income group.
The source disclosed:
MMCL is purchasing land for assembly plant in Karachi. After the agreement, construction work will start soon.
As seen in the official press invite, the event will take place in Karachi, at Pearl Continental Hotel in Dilkusha on 29th of June, this Friday.
The company is investing $100 million in the local auto sector.
Changan is an early leader in the Chinese automobile and engineering company. Chinese politician, general and diplomat Li Hongzhang founded China’s first western style engineering firm and first state owned enterprise. This was beginnings of what has become Changan Automobiles. Chang is a word of Chinese Language means safety. Changan is 153 years old company with 59 years of building vehicles and 32 years of experience in building and selling passenger cars.
Changan produces trucks, light commercial vehicles and passengers cars. Each day Changan sells more than 8500 vehicles across 6000 sales and services facilities in 60 countries.
Master Motor Corporation (Pvt.) Limited (MMCL) is an automobile assembling; manufacturing company formed in 2002, and is part of Master Group of Companies.
MMCL is authorized assembler/ manufacturer in Pakistan for leading Commercial Vehicles from China including world-renowned Foton (Light Duty Truck and Heavy Duty Truck) and Yuejin . It is producing a wide range of Commercial Vehicles from 1.5 Ton loading capacity to 60 Ton GCW Prime Mover . More than 12,000 Master vehicles sold give it a very strong commercial base both in public and private sector organizations.
MMCL is part of Master group of companies with its operations expanding into different areas including:
- Master Enterprises (Pvt) Ltd
- Master Chemical Ltd
- Procon Engineering (Pvt) Ltd
- Master Polymers Industries Ltd
- Master Textile Ltd
- Master Molty Foam (Pvt) Ltd
- Master Motor Corporation (Pvt) Ltd
- Celeste Home Fashion
- Master OffiSys (Pvt) Ltd
- Master Wind Energy
- Fuso Master Motors Ltd.
Both the companies, Changan Automobile and Master Motors Corporation, will sign an official agreement at the event.
Changan’s official website for Pakistani customers is now live and a notice on the front page reads:
Master Group, from the makers of Molty Foam, a renowned Pakistani brand which has been offering reliability since decades recently acquired greenfield approval from the Government of Pakistan and now has proudly formed joint Venture with Changan International Corporation which is one of China’s leading automobile brand. Together we bring to you next generation of Passenger car, SUV, MPV and light commercial vehicles to Pakistan.
If you are looking to sign the dealership application, and also want to take a look at Changan’s vehicles, you can visit their website here.