KARACHI: The FAW Motors (Chinese state-owned automotive manufacturing company) has announced the launching of locally-assembled passenger car—FAW V2—in the country during an event which was held on August 12, 2017.
This would be the first Chinese passenger car to be assembled in Pakistan.
Company’s Managing Director Bilal Afridi hosted the event, which was attended by all of their nationwide dealers and vendors.
During his speech, Bilal Afridi said that initial investment of 2.5 billion rupees have been made to set up the company and a further investment of 1.3 billion rupees for an improved local assembly set up and ED Paint technology in their cars.
He talked about the commitment of his company to continuous advancement in technology, premium 3S customer service and dealership network, in all major cities of Pakistan in addition to 3 years/60,000km warranty.
“Our vehicles bring another category in the market where we provide luxury features of a car at affordable prices. We are now being recognised for quality, economy and technological brilliance. Our products ranging from heavy vehicles to light vehicles cater every need of our commercial and domestic sector and we are rapidly gaining people’s trust.”
He further stated: “As a result of good response and with the encouragement of our customers, we have further invested rupees 1.3 billion in new assembling process and ED paint technology to improve our V2 with local assembly right here in Pakistan.”
The FAW claims that their local assembly will help them serve its customers better and give them quality assurance of the vehicles. The company aims to increase their production to 15,000 units per annum by the year 2020 and introduce new models in Pakistan.
A locally assembled V2 would likely mean lower prices compared to the CBU, while a lower displacement engine would also ease out buyers in taxation and registration costs.
FAW is the fastest growing Chinese automotive company formed in collaboration with Al-Haj in 2007.