The Ministry of Industries and Production has allowed Khalid Mushtaq Motors (Pvt) Ltd (KMML) to set up a vehicle assembly and manufacturing unit in Nooriabad industrial area under the Greenfield investment category.
The total investment of the project is around Rs. 1 billion which would enable the plant to roll out 100 vehicles per month. The company has planned to assemble vehicles from second quarter of 2018.
KMML Chief Executive Anwar Iqbal said the company has signed a technical collaboration agreement with the Chinese company KYC, a part of Changhan Group, for assembling light commercial vehicles and mini passenger vans. He said the auto industry is blossoming and the China-Pakistan Economic Corridor will also open new avenues for the growing automobiles industry.
About Anwar Iqbal
Anwar Iqbal is the person who has always been held in high esteem among the automobile manufacturers, assemblers, importers, dealers and retailers in Pakistan. He is known and acclaimed to be the man behind the success story of Dewan Automobiles’ Star Motorcycles & Star Truck.
He is the man who is responsible to present to the Pakistani commuters a motorcycle at a price, which no one earlier even thought about. He is also the crusher of the price enigma that reigned the motorcycle market of Pakistan for more than two decades and last but not the least he is the man who broke the monopoly of two giant motorcycle manufacturers virtually making them take a price tag U-turn. Anwar Iqbal has now joined the newly established Khalid Mushtaq Motors (Pvt) Ltd as Chief Operating Officer.
from Business Recorder