Locally assembled Volkswagen, Skoda crossovers should be on the road by 2023 – newspaper
KARACHI: Locally assembled Volkswagen, Skoda crossovers and SUVs are expected to hit the streets in the middle of next year 2023, a group of companies announced on Thursday.
The announcement came in a statement from Premier Motors Limited (PML), a license assembly partner of German auto giant Volkswagen Group, which recently appointed its financial advisor for achieving financial close.
“The Volkswagen Group, known for its attention to detail and its focus on product safety and quality, plans to enter CKD assembly with Premier Motors Limited in a state-of-the-art, fully integrated production facility,” said the PML in a statement.
“This plant will mark the market entry of locally assembled Skoda and Volkswagen premium cars in the country for the first time. The plant is located in Hub, Balochistan, with a capacity of 30,000 vehicles per year. Construction of the plant began in July 2021 and is in full swing, ”announced the PML.
Meanwhile, the company also announced that it has appointed AKD Securities Limited as its financial advisor for the financial completion of its CKD assembly plant project in Pakistan. The recent ceremony was attended by senior officials from both sides – AKD Securities Limited and PML.
Posted in Dawn, October 1, 2021