Automotive delegation comprised representatives of Toyota Indus motors, Pak Suzuki motors
, Pak Suzuki motors
, Hino Pak motors, Isuzu motors, Master motors, Atlas Honda motors and Faw motors.
The launch of a partnership between Najeeb Auto and Suzuki Motors
was celebrated in a ceremony recently.
On this occasion, RCCI president Malik Shahid Saleem welcomed the initiative of Suzuki Motors
to invest $450Million in Pakistan.
To secure the $450-million investment, the government will have to amend the Automobile Policy 2016 that clearly bars extending Greenfield investment project status to the existing three Japanese car assemblers including Suzuki Motors
. If the government still decides to accept the $450-million investment offer, it will be seen as a favour to the company.
The company says that the contract manufacturing contract with Suzuki Motors
Gujarat is working very satisfactorily, adding that the first line at the Gujarat plant is in full production and the second one will be commissioned early in 2019.
Summary: Tokyo [Japan], Nov 9 (ANI): Automobile major Suzuki Motors
launched its new portfolio of cars with enhanced security at the Tokyo Motor Show.
The award was presented by Pak Suzuki Motors
Managing Director, Hirofumi Nagao to Mir Shoaib, CEO of Suzuki Township Motors.
In terms of sales number, the market is dominated by economy class smaller cars like Mehran of Suzuki Motors
enjoying the major share of the market in Pakistan.
As per the earlier proposal, the Gujarat plant, which is to operate as a subsidiary of the Suzuki Motors
, will sell cars to Maruti Suzuki at the mark-up price.
Currently the car production in Pakistan is dominated by three companies, including Pak Suzuki Motors
, Honda Atlas and Toyota Indus Motors.
The proposed investment is over and above the INR85bn that the Japanese auto maker had pledged to establish Suzuki Motors
Gujarat (SMG), its wholly-owned subsidiary to supply cars to meet Maruti Suzuki's increasing sales demand.