Ghandhara Nissan to launch Chery vehicles current fiscal

Ghandhara Nissan to launch Chery vehicles current fiscal

KARACHI: Ghandhara Nissan Limited on Tuesday announced to launch of Chery passenger vehicles in Pakistan during the current fiscal year.

In a communication to Pakistan Stock Exchange (PSX), the company shred information which refers to the arrangements made between M/s. Ghandhara Nissan Limited and M/s. Chery Automobile Co. Limited – Wuhu, China (Chery) for the launch of Chery passenger vehicles in Pakistan.

“With this note, we would like to appraise the stakeholders that as per the plans we look forward to launching chery SUVs during the current financial year.”

The company is currently engaged in the pre-launch tasks of the project including the establishment of dealership network, modernization/up-gradation of plant infrastructure, marketing and supply chain activities.

“We would update the stakeholders regarding the expected launch time of the vehicles in the near future,” the company added.

About the Company: Ghandhara Nissan Limited was incorporated on August 8, 1981 in Pakistan as a private limited company and subsequently converted into a public limited company on May 24, 1992. The Company is a subsidiary of Bibojee Services (Private) Limited.

The registered office of the Company is situated at F-3, Hub Chowki Road, S.I.T.E., Karachi. Its manufacturing facilities are located at Port Qasim, Karachi and regional offices in Lahore and Rawalpindi. The Company’s shares are listed on Pakistan Stock Exchange Limited.

The principal business of the Company is assembly / progressive manufacturing of vehicles including JAC Trucks, import and sale of Nissan, Dongfeng and Renault vehicles in Completely Built-up condition and assembly of other vehicles under contract agreement.