Misplaced Pages

Master Motors

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.
Master Motors Corporation Ltd.
Company typeCorporation
IndustryAutomotive
Founded2002; 22 years ago (2002)
HeadquartersKarachi, Pakistan
ProductsTruck, Bus
ParentMaster Group
Websitemmcl.com.pk

Master Motors (Urdu: ماسٹر موٹر) is a Pakistani bus and truck manufacturer, based in Karachi, Pakistan since 2002. Master Motors is the authorized assembler and manufacturer of Changan, Daimler Fuso, Foton, Iveco Trucks and Yutong vehicles in Pakistan.

Master Motors is made an agreement with Chinese automobile company Changan Automobile after awarded Greenfield status by Ministry of Industries and Production.

Master Motors is also assembling Italian Iveco Trucks in Pakistan starting from mid 2019.

History

Changan and Master Motors have set up an automobile manufacturing plant in Karachi. The venture saw a total investment of $100 million by the end of 2018. Master Motors injected 70% while the remaining amount came from the Chinese company.

In 2023, Master Changan Motors Ltd became the first company in Pakistan to export vehicles internationally.

Operations in Pakistan

In 2023, Foton International Trade Co Ltd signed an MOU with Master Motor Corporation (Pvt.) Limited to invest in a joint venture. MMCL had been manufacturing and selling Foton brand vehicles since 2003 under a technical licensing agreement. During Prime Minister Imran Khan's visit to Beijing for the Belt and Road initiative, he visited the plant of Beiqi Foton and acknowledged MMCL's successful sales of over 17,000 commercial vehicles in the past.

The company achieved significant growth in the past year despite tough competition in the market. The sales figures consistently reflected the trust of Pakistani consumers in their products. With these efforts, Master Motors remained a major player in the Pakistani automobile industry.

Assembled brands

Changan

Main article: Changan Automobile

Daimler Fuso

Iveco

(Coming soon)

Limited Assembly

Foton

Yutong

References

  1. "Master Motor Corporation Ltd". www.mmcl.com.pk.
  2. Nasir, Jehangir. "Master Motors is One Step Closer to Bringing Changan Cars in Pakistan".
  3. Khan, Aamir Shafaat (January 10, 2019). "Master Motors to assemble Iveco trucks in Pakistan". DAWN.COM.
  4. "China's Changan and Master Motor to set up auto plant in Karachi". 29 June 2018.
  5. "First batch of locally made SUVs exported". DAWN. 13 October 2023.
  6. Staff Report (2019-04-29). "Master Motor, Foton sign MoU to manufacture vehicles in Pakistan". Profit by Pakistan Today. Retrieved 2023-03-13.
  7. "Sales Growth".
  8. "ALSVIN – Best Sedan in Pakistan | Changan Pakistan".
  9. "Oshan X7".
  10. "Karvaan MPV".
  11. "Master Motor Corporation Ltd". www.mmcl.com.pk. Archived from the original on 2013-04-16.
  12. "Master Motor Corporation Ltd". www.mmcl.com.pk.
  13. "Master Motor Corporation Ltd". www.mmcl.com.pk.
  14. "Master Motor Corporation Ltd". www.mmcl.com.pk.
  15. "Master Motor Corporation Ltd". www.mmcl.com.pk. Archived from the original on 2015-01-13.
  16. "Master Motor Corporation Ltd". www.mmcl.com.pk.
  17. "Master Motor Corporation Ltd". www.mmcl.com.pk.

External links

Pakistan Automotive industry in Pakistan
Domestic manufacturers
Foreign companies
with operations
Defunct manufacturers
Components & parts
Related topics
Categories: