KARACHI: Master Changan Motors Limited (MCML) on Wednesday celebrated the completion of 10,000 Changan vehicles at their assembly plant in just two years in Pakistan, a statement said.
In 2019 Master Changan Motors Limited rolled out their first locally assembled vehicle, but soon after Covid-19 struck and transformed everything and everyone.
Regardless of the devastating effects of the pandemic, particularly on the auto industry, MCML relentlessly moved forward and achieved its targets ahead of their planned schedule.
MCML acquired Greenfield status under the Auto policy 2016-2021 and entered into a joint venture with Changan automobile with an initial investment of $100 million. The JV investment has crossed over $136 million to date.
Dania Malik, CEO MCML, said, “Uplifting the auto industry of Pakistan and ensuring our stakeholders’ win is our top priority, and seeing it materialise today is truly a remarkable moment for me and my team”.
A worker checks a vehicle at a workshop. — AFP/FileKARACHI: During the three-day Automotive Aftermarket Products...
Gold bars from the vault of a bank are seen in this illustration picture taken in Zurich, Switzerland, on November 20,...
The IMF’s logo can be seen at its headquarters. — AFP/FileCOLOMBO: The International Monetary Fund approved the...
CEO of Nvidia Jensen Huang speaks after receiving an honorary degree from Hong Kong University of Science and...
People throng a market area in Lahore. — AFP/FileLAHORE: The survival of Pakistan despite decades of corruption,...
Cyril Ramaphosa Chinese President Xi Jinping, and Australian Prime Minister Anthony Albanese pose with other G20...