Pakistan assembled Volkswagen and Skoda crossovers and SUVs are likely to hit the road by the middle of 2023, according to a business group.
Premier Motors Limited (PML), a licence assembly partner of Volkswagen Group – announced in a statement.
For the first time in the country, locally produced Skoda and Volkswagen premium cars will be available. The plant, which has a capacity of 30,000 vehicles per year, is located in Hub, Balochistan. The plant’s development began in July 2021 and is currently in full swing, according to the PML.
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Meanwhile, the business said that AKD Securities Limited has been engaged as its financial adviser for the completion of its CKD Assembly Plant Project in Pakistan.