ISLAMABAD: Ghandhara Nissan Limited (GNL), along with leading Chinese automaker Chery Group, has planned to invest Rs2.4 billion in the auto sector of Pakistan.
GNL on Wednesday shared its business plan with Board of Investment (BoI), including brownfield investment of Rs2.4 billion through a joint venture with Chery Group to launch latest passenger cars in Pakistan.
GNL Chief Operating officer Muazzam Pervaiz Khan and BoI Secretary Fareena Mazhar were also present on the occasion.
According to officials, the investment plan includes various types of passenger cars, ranging from hatchbacks to sedans, crossovers to SUVs. In line with the government’s initiative to implement Electric Vehicle Policy, the company will introduce its lineup of electric vehicles in the next two to three years, they added.
It may be noted that Chery Group is a leading brand of Chinese auto industry that has established a complete research & development system with more than 11,000 patents and 3,200 dedicated R&D Staff.
Chery has over 2,600 pilot projects with 23 professional modules covering vehicle and component reliability, handling stability, NVH, safety and environmental adaptability, emissions, materials and other properties of test development and verification capabilities.
The BoI secretary appreciated the planned product line, which would provide the investors value for money; offer top of the line safety features to Pakistani consumers; and create employment opportunities for the masses.
She informed the team about various measures taken by the government to ensure a conducive business environment for businesses, including incentives proposed in the upcoming Electric Vehicle Policy. She assured GNL of BoI’s facilitation as and when needed for successful execution of the venture.
Ghandhara Nissan is a well-known Karachi-based truck and bus manufacturer. The company assembles and manufactures Isuzu vehicles in Pakistan.
According to sources, Nissan would manufacture Chery SUVs in Pakistan. The Chinese automaker has a range of luxury SUVs, with Tiggo 8 being the most anticipated to enter the Pakistani auto market.
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