World’s largest automobile manufacturer, Volkswagen, will also do the vehicle assembly in Pakistan as the company signed the deal.
The vehicle assembly in Pakistan is growing as the second European automobile manufacturer Volkswagen signed the agreement. However, they made the deal with the local luxury brands dealer for the vehicles assembly.
Volkswagen in Pakistan will soon become a reality they signed the contract with Pakistan Premier Motors Limited (PML) for vehicle assembly. However, the agreement is for the manufacturing of commercial vehicles in Pakistan.
According to sources, in June 2017, both companies first signed the letter of intent (LOI). After that, a hype has been created in the industry about the arrival of German automaker. However, after the long wait of over a year, Volkswagen finally decided to bring its products and investment in the country.
Industry analysts are considering it as a significant breakthrough in the automobile industry of Pakistan. However, it will prove to be the great thing in the Pakistan’s automotive industry. In addition, it will also assist to fill the vehicle supply gap in Pakistan.