As the ban has been lifted on non-filers to buy new cars, Master Motors is ready to begin assembly of its vehicles in April 2019. There were strict restrictions that were imposed on import of vehicles. Thus, now Master Motors has decided to begin its vehicle assembly production.
Master Motors is already receiving advance bookings for its vehicles. Thus the automaker will assemble passenger cars and vans for domestic consumers.
In 2008, Master Motors was granted the Greenfield investment status. Then on 29th June 2018 Master Motors partnered with the Chinese automaker Changan Motors. SUVs will be assembled as part of the joint venture and US $ 100 million will be invested in Pakistani industry.
Furthermore, through the joint venture they also intend to target the global markets with locally built vehicles. The vehicle assembly will have the capacity to build 30,000 vehicles per annum. Port Qasim plant will be at the center of the joint venture operations in Pakistan.
Master Motors CEO said, “Changan products will perform well in the local auto industry as they are providing excellent vehicles with much features and at a reasonable price bracket”.