Production starts at old factory in Sujawal with capacity of 20,000 units per year
KARACHI: After a gap of seven years, Shehzore barter is assuredly out in the market, appearance the aboriginal Brownfield activity to resume accumulation afterwards the advertisement of new auto action in 2016.
This time Dewan Group has partnered with Kolao Group, a South Korean auto maker that has attendance in 60 countries.
“We accept faced acutely difficult times during the aftermost seven years, agape abounding doors and again assuredly begin a accomplice in Kolao Group,” Yousuf Dewan Companies Chairman Dewan Muhammad Yousuf Farooqui said during the barrage commemoration of Daehan Shehzore barter at Mohatta Palace Museum, Karachi.
Dewan Group entered into a collective adventure with Kolao Group in April 2016 and formed Daehan-Dewan Motor Aggregation which has now started bearing Daehan Shehzore at its antecedent accumulation bulb in Sujawal, Sindh. The accumulation accommodation of the branch is 20,000 units per annum on double-shift basis.
Dewan Farooque Motors to resume agent accumulation from February
Since the advertisement of the five-year auto action in March 2016, auto giants from South Korea, Germany and France accept been fatigued to the Pakistani market.
According to a asperous estimate, new investments of over $800 actor are actuality fabricated in the auto industry either through absolute collective ventures amid Pakistani companies and all-around auto giants or by calm auto allotment manufacturers in Pakistan.
The beforehand archetypal of Shehzore was the aftereffect of a collective adventure amid South Korean behemothic Hyundai Motor Aggregation and Dewan Group. Hyundai Shehzore remained in connected accumulation from 1999 to 2010. The new barter has a altered architecture but its agent agent accommodation is still the aforementioned at 2,600cc.
“I affiance that the new Shehzore will not be inferior in affection compared to its beforehand Hyundai version,” Farooqui stressed.
Currently, the new collective adventure aggregation is bearing Shehzore 1.5-ton barter with bifold rear auto for added burden accommodation with affairs to barrage the distinct rear caster adaptation later. The aggregation will additionally acquaint a sports account agent (SUVs) in the aboriginal division of 2019.
“We accept activated this barter in about every boxy area in Pakistan. So we apprehend it to accommodated the toughest archetype of Pakistani barter who usually afflict their vehicles,” Daehan-Dewan Motor Aggregation CEO Mohammad Saleem Baig said while talking to The Express Tribune afterwards the barrage ceremony.
New auto players to advance over $800m in Pakistan
Currently, Pakistan’s ablaze barter bazaar articulation is advanced accessible for Shehzore due to a abridgement of competition. However, in the aing few years a cardinal of Chinese ablaze barter makers are accepted to accumulate trucks in Pakistan with a agnate access in antagonism for Shehzore.
Speaking on the occasion, Kolao Group Chairman Oh Sei Young commented that his aggregation will do its best to advance the auto industry of Pakistan by administration its acquaintance and technology.
Dewan’s acquaintance in auto adaptable industry and Shehzore’s able cast acceptance are some of the able credibility of the new truck, but its success will additionally depend on its price, a arch auto allotment maker commented on action of anonymity because it could aching his business interests.
The aggregation has not appear the amount yet but industry admiral say the amount will be at atomic Rs1.7 million. Aggregation admiral say they are in talks with dealers and will advertise the new Shehzore amount back its sales alpha in the aing few weeks.
Minister for Planning, Development and Reform Ahsan Iqbal said the development of above basement projects in the country, including motorways, is accepted to access the appeal for automobiles in future.
“This aeon is all about bread-and-er development and antagonism amid countries. Those who plan bigger will go advanced while those who abort will abatement behind,” he stressed.
Automobile sales in Pakistan, including pick-ups and trucks, accept remained able in the aftermost few years. College bread-and-er growth, convalescent aegis bearings and college coffer costs accept all contributed to acknowledging the sales of cartage in the country.
Published in The Express Tribune, February 27th, 2018.
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