When Will Volkswagen & Skoda Hit Pakistani Roads?
PML has appointed AKD Securities Limited as its financial adviser for achieving the financial close of its completely knocked-down (CKD) plant project in Pakistan
Premier Motors Limited (PML) will assemble and launch Skoda and Volkswagen in Pakistan by mid-2023.
In this regard, PML has appointed AKD Securities Limited as its financial adviser for achieving the financial close of its completely knocked-down (CKD) plant project in Pakistan.
The plant is situated in Hub in Balochistan province with a capacity of 30,000 vehicles per annum.
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The construction began in July 2021 and is currently underway in full swing.
PML will initially launch premium Volkswagen and Skoda crossovers and SUVs in Pakistan. The release of the automobiles is expected to by mid-2023.
The assembly plant project will nearly cost $100 million.
