Ghandhara Nissan-Nissan Motor Japan Collaborate for Auto Parts Localization
Ghandhara Nissan-Nissan Motor Japan Collaborate for Auto Parts Localization, recently. Ghandhara Nissan Limited has announced that the company will be collaborating with Nissan Motor Co Ltd., a Japanese manufacturing company, for auto parts localization.
According to the report sent to Pakistan Stock Exchange, Ghandhara Nissan will be teaming up with Nissan Motor Ltd. after they had visited their domestic. In order to determine the quality and the capacity, and the surprising part is that many of the suppliers of the company didn’t pass through the global standards that are set out by Nissan Motors.
In order to bring out the well-known good quality of the motors, Nissan Motor has proposed supplier improvement.
Earlier this year, Ghandhara Nissan had received a Brownfield status under the auto policy 2016-2021, and after that the company announced to invest $41 million to resume its plant in Pakistan. Additionally, under the Brownfield status, the company will now have the permission to import auto parts at discounted prices and taxes for three years.
Here are the incentives, Ghandhara Nissan will get:
- The import of non-localised parts at 10% rate of custom taxes localized parts at 25% duty for a about three years for the manufacturing of Cars and LCVs.
- Import of all parts (both localised and non-localised) at prevailing customs duty applicable to non-localised parts for manufacturing of trucks, buses, and prime movers for a period of three years.