When the Government will withdraw the incentives currently being offered to the new entrants under the Auto Policy, their sustainability will determine their future. Almas now localization has become crucial for the survival of all new entrants in Pakistan. He recognized the company’s localization plans and offered his support in their endeavor. Almas Hyder, the chairman of EDB, also expressed his views in his speech. Indeed, the meeting brought together the backbone of the auto industry from various backgrounds and specializations in material parts, such as plastic, metal, glass, rubber, etc. This is the first time a new entrant has taken such an initiative to gather all the vendors to discuss plans to work together. Danish Jawed CEO of Javed Metal Industries Pvt Ltd, Mr. Ahsan Khan Director of A-One Technique, Mr. Arsalan Allahwala Director of Techno Glass Industries, Mr. Rashid SGM of Bahawalpur Engineering Limited, Mr. Farooq CEO of Landhi Engineering Works, Mr. Ejaz CEO of Ahmed Glass Industries Pvt Ltd, Mr. Arshad Hamid SGM of Procon Engineering Ltd, Mr. Suleman CEO of National Automotive Components, Mr. Rizwan Ahmed Director of Metaline Industries Pvt. Omar Feroz Omar Director of Jibran Engineering, Mr. Qamar Shahzad of CEO of Hussain Engineering, Mr. Anas Khan Director of A-One Technique, Mr. Shafqat Sohail CEO of United Mechanical Industries, Mr. Arshad Shahzada CEO of Exide Battery, Mr. Adeel Habib Director of Thal Limited, Mr. Rashid Baig GM of Balochistan Wheels Limited, Mr. Muzaffar Qazi SGM of Auvtronics Limited, Mr. Murtaza Lalan CEO of Auvtronics Limited, Mr. Amin Director of General Tire And Rubber, Mr.
Ehsan Ul Haq Director of Procon Engineering Ltd, Mr. Akkas Ul Hussaini CEO of Thal Limited, Mr. Zia Hayder CEO Of Synthetic Product Entreprise Ltd, Mr. Usman Sadiq CEO of Plastech Auto Safe, Mr. Razzaq Ahmed CEO of Metaline Industries, Mr. Feroz Khan MD & Director of Omar Jibran Engineering, Mr. Abdul Rehman CEO of Tecno Pak industries & the Chairman of PAPAAM came to celebrate the pioneer vendors of the auto industry. Almas Hyder, chairman of EDB, attended as a chief guest and Mr. Master Changan Motors brought together top-level executives from diverse industries under one roof. In addition to that, the company is aggressively working to achieve its localization targets and for that today they conducted a Vendor Meeting at their state-of-the-art plant at Karachi. Now their plant capacity has increased from 30,000 units to 50,000 units per annum (more than 66% increase) in a short span of time. On 20 th May’2021, Master Changan Motors Limited inaugurated second shift operations to double their production capacity. The company has taken multiple actions to cater to the anticipated growth in the auto market. Their investment has crossed over $136 Million, the biggest investment by a Chinese OEM in Pakistan’s history. Master Changan Motors Limited is a Joint Venture with the Chinese state-owned company, ‘Changan Automobile’ – number 1 automobile brand in Chinese domestic market. The expected outcome of this population change is a speedy growth in the automotive sector that will most likely create a demand of another 350,000 units and at least 10,000 jobs by 2023 in the industry.
The recent population trend shows around 10 million young males are expected to become independent earners in just half a decade. The company anticipates the automotive market demand to grow twice as much from 300,000 units to 650,000 units in the next 5 years as a result of rapid digital transformations in Pakistan’s economy coupled with a growing young population. The company conducted its first Vendor Conference – the first ever conducted by any new entrant in Pakistan’s automotive industry. Master Changan Motors Limited is disrupting the automotive industry with the vision of Future Forward Forever.
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