Pak Suzuki plans to set up a second vehicle assembly plant in Karachi and manufacture 100,000 more vehicles a year.
At the inauguration of the Landmark occasion of 2 million vehicles line-off in Pakistan, on November 26th 2018, Global Suzuki Chairman Osamu Suzuki announced to make an investment in Pakistan. As per the reports, the total investment as per plan by Pak Suzuki Motors would amount to $450 million and the 80 acres of land, acquired for the second plant, has been procured right next to its existing site.
Excellent day from a foreign investment perspective. Global Chairman suzuki motors visited & expressed interest in investing 450 million$ to expand car production in Pak & worlds biggest energy company Exxon mobil re opened there office in Pak 27 years after leaving the country
— Asad Umar (@Asad_Umar) November 27, 2018
Recently, in a meeting with Abdul Razak Dawood – Prime Minister’s Advisor on Commerce, Textile, Industries Production and Investment, Pak Suzuki discussed acquiring Greenfield A Category incentives for their new plant.
In the letter to the Advisor to PM, Pak Suzuki mentioned about their 30 years tenure in the auto industry and how they have become the largest manufacturer of passenger and light commercial vehicles and uplifted the economy of Pakistan.
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Moreover, the company has mentioned their plan of producing 2 million vehicles, becoming the first local automaker to achieve this milestone. “We achieved this only with your efforts to pursue and ensure consistent and coherent policies with a view to nurturing business environment favourable for investors.”
