French carmaker Renault open new plant in Pakistan by 2020 the government tells on Thursday.
Pakistani’s car market has for a long time dominated by Japan, Toyota and Honda they are getting the high price for low-quality versions of models.
Renault decides to open a plant in Pakistan. They will start collecting cars in Pakistan by 2018 the country said in the broad statement.
While chairman Miftah Ismail talks with Renault, Fiat and Nissan to start investing in Pakistan.
Renault has tells on Twitter to develop our brand in Pakistan. Renault considered Pakistan is the very good market with million population. It wants to try good investment in Pakistan.
Since in 2013, prime minister Nawaz’s government has been persuading new developing due to rising demand.
in addition, there are lots of people in South nation who wait up four months for new cars after full payments.
“We aim to bring latest products & technology to the market the Fabric said. With the partnering along Al-Futtaim, Renault aims to develop a major player in Pakistan”
Moreover, the foreign seeking to enter the market and will import machinery for their plants. This is a good thing to develop for both countries.
Although, last year from Volkswagen visited but not tells plans to made a local factory.