Locally Assembled Volkswagen and Skoda Crossovers to Launch by 2023
A latest news report published in Dawn has revealed that locally assembled Volkswagen and Skoda crossovers and SUVs are expected to hit the road by the mid 2023. The announcement was made in a statement of Premier Motors Limited (PML), a licensed assembly partner of the German auto giant, Volkswagen Group. According to the statement:
“Volkswagen Group, known for its attention to detail and emphasis on product safety and quality, plans to enter CKD assembly with Premier Motors Limited in a cutting-edge, fully integrated production plant. This plant will mark the entry of locally assembled Skoda and Volkswagen premium cars for the first time in the country. The plant is situated in Hub, Baluchistan, with a capacity of producing 30,000 vehicles per year. The construction of the plant began in July 2021 and it is going on in full swing.”
According to the report, the company also announced to have appointed AKD Securities Limited as its financial adviser for achieving financial close of its CKD Assembly Plant Project in Pakistan. Senior officials from both sides (AKD Securities Limited and PML) attended the ceremony which was held recently.
Premier Motors was awarded Greenfield status under the Auto Policy 2016-21 for assembling & manufacturing of vehicles under its contract agreement with Volkswagen AG. Bear in mind, the Karachi-based Premier Motors is the authorized and sole distributors of Audi vehicles in Pakistan, with Audi as well as Skoda being part of VW Group.