Pakistan Premier Motors Limited (PML) has signed the final legal agreement with the largest automotive group in the world, Volkswagen (VW) AG, for manufacturing of commercial vehicles.
The agreement has been signed for manufacturing of commercial vehicles under the licensing contract of a completely knocked down (CKD) assembly in Karachi — a major breakthrough in the automotive sector of Pakistan.
This venture will prove to be a great addition in the automotive sector of Pakistan and would help fill the gap of vehicle supply in the country.
The Commercial Section, Berlin, has been actively engaged with the VW and PML for the last two years and especially since signing of a letter of intent (LOI) on June 22, 2017.
