Two Major European Car Companies Are Coming to Pakistan
Two auto giants are set to enter Pakistan’s volatile automobile sector. Premier Motors Limited (PML) is developing a manufacturing plant in Hub, Balochistan, to locally assemble Volkswagen (VW) and Skoda vehicles.
Dr. Rüdiger Lotz, the general consul of Germany, went to the production facility that was still being built. He said that for the first time in Pakistan, PML and VW Group will domestically construct premium Skoda and VW vehicles.
Despite having its headquarters in the Czech Republic, VW owns and runs Skoda Auto.
The plant will be finished by 2024 and will be able to generate 32,000 units annually, according to the specifics.
According to the German Counsel, Pakistan needs foreign investments now more than ever. They will boost economic activity overall by increasing exports, creating jobs, and generating more revenue.
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