RECORDER REPORT
KARACHI: Achieving the milestone of producing 10 thousand vehicles in just 2 years after setting up its technologically advanced plant in Pakistan, the Master Changan Motors Limited (MCML) intends to localise their vehicles up to at least 60 percent in the next two years.
In 2019, the MCML rolled out their first locally assembled vehicle, but regardless of the devastating effects of the Covid-19 pandemic, particularly on the auto industry, the MCML achieved its targets ahead of their planned schedule.
The MCML has acquired the Greenfield status under the auto policy 2016-2021 and entered into a joint venture with Changan automobile with an initial investment of $100 million, which has now crossed over $136 million to date.
Dania Malik, CEO MCML expressed great joy during the ceremony and 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.”
Changan has a wide range of beautifully designed and high-quality sedans, SUVs, MVPs, LCVs and is well on its way to electrifying all its models by 2022. The company invests 5 percent of its annual revenues in R&D giving it the best capability in automotive technology.
It has allowed them to introduce level 3 autonomous driving in China and under the vision of Future Forward Forever Master, Changan Motors is also testing the bleeding edge of autonomous technologies in Pakistan.
On 20th May 2021, the MCML inaugurated second shift operations to double their production capacity. Now their plant capacity has increased from 30,000 units to 50,000 units per annum, depicting more than 66 percent increase in a short span of time.
The company is working on aggressive localisation and just recently they conducted a vendor meeting in which they gathered all major auto parts manufacturers to discuss their localisation plans. The MCML intends to localise their vehicles up to at least 60 percent in the next two years as opposed to the current status of 20 percent.
The completion of 10,000 units signifies MCML’s contribution to Pakistan’s automotive industry and exhibits the company’s dedication to becoming the RHD hub for exports.
