KARACHI: Chery Automobile Co Ltd has partnered with Ghandhara Nissan Limited for local assembly and distribution of Tiggo Series sports utility vehicles (SUVs).

The Chinese company plans to initially arrange for assembly of two SUVs — Tiggo 4 Pro and 8 Pro — with eight dealers across Pakistan. The assembly plant, which is being set up at Port Qasim, will have the capacity of 16,000 units a year which would be increased to 32,000 units a year.

Sales of the first locally-built vehicles are expected to begin in Pakistan within the ongoing fiscal year. Ghandhara’s investment of $10 million over the first four years would provide the industry with a much-needed financial boost as well as help expand a retail network and create job opportunities, a press release said.

Currently, Pakistan’s automotive industry accou­nts for almost nearly four per cent of the GDP. Chery’s Executive Vice President Charlie Zhang said the company’s entrance into Pakistan’s automotive market represents a significant step for China-Pakistan economic growth.

With the close collaboration and support of the Pakistani government, this will deliver sustainable benefits for the national economy, customers, partners and Chery, he said.

General Manager Pakis­tan Chery Felix Hu said after the start of local assembly, the company aims to export SUVs to Bhutan, Sri Lanka and Bangladesh.

Published in Dawn, December 15th, 2021

Opinion

Editorial

Losing grip
Updated 29 Jan, 2023

Losing grip

The state and the government are responsible for providing Imran with the security he deserves as a former prime minister.
Telling silence
Updated 29 Jan, 2023

Telling silence

THE silence of the Sindh government over the recent exposé in this paper about Karachi’s water tanker mafia ...
Palestine escalation
29 Jan, 2023

Palestine escalation

THE fire of conflict once again threatens to envelop the land of Palestine, as the growing cycle of violence refuses...
IMF package
Updated 28 Jan, 2023

IMF package

While it is crucial to seek immediate IMF funding to shore up its reserves, the govt shouldn’t focus only on short-term relief.
Dar unpegged
28 Jan, 2023

Dar unpegged

IT is over. Nearly four months after Ishaq Dar descended on the cash-strapped economy with some decidedly outlandish...
Lurking hazards
28 Jan, 2023

Lurking hazards

OVERSIGHT of illegal industrial activity occurring within residential areas in the country is weak, especially in...