Scania to Sell Heavy Commercial Vehicles in Pakistan
www.chinatrucks.com: Encouraged by a huge investment potential in Pakistan’s rapidly growing automobile market, renowned Swedish heavy commercial vehicle manufacturer Scania has announced that it will introduce its premium trucks, truck-tractors, buses and coaches in the South Asian country through a local distributor.
Later, the company will explore the potential of setting up a manufacturing plant in Pakistan. The European manufacturer has signed an agreement with Yousaf Dewan Companies and awarded distribution rights for introducing its products in Pakistan market.
Scania Executive Vice President Sales and Marketing Christian Levin and Yousaf Dewan Companies Chairman Dewan Muhammad Yousuf Farooqui inked the distribution agreement recently in the presence of top officials of both companies and renowned customers of heavy commercial vehicles.
“We are delighted to introduce our quality trucks and buses in Pakistan,” said Levin. “Pakistan is quickly emerging as a preferred investment destination in the world; the automotive industry, in particular, sees a lot of investment potential in the wake of China-Pakistan Economic Corridor (CPEC).”
Levin elaborated that the vision behind introducing Scania products was to explore the full potential of Pakistan market by raising the bar higher for competition.
The Swedish company’s entry into Pakistan would not only strengthen its business, but would also go on to support the country’s growth and progress on the socio-economic front by creating multifarious employment and business opportunities.
“We are committed to expanding our investment and will explore the prospects of manufacturing our products here in Pakistan,” he revealed.
Scania is a major Swedish manufacturer of commercial vehicles, specifically heavy trucks and buses. The company was founded in 1891 in the Swedish province of Skane and its head office has been in Sodertalje since 1912.
Today, with 125 years of rich experience in the global automobile industry, Scania has operations in 100 countries around the world and employs approximately 42,100 people.
“I believe it is opportune time for Scania to enter Pakistan market as our economy is growing by leaps and bounds, especially the truck and bus sector is witnessing unprecedented exponential growth,” commented Farooqui, Chairman of Yousaf Dewan Companies.
He insisted that stable policies of the government were playing a major role in the revival of automotive industry in Pakistan. As a result, the truck and bus market is currently experiencing unprecedented robust growth – a barometer for deep-rooted economic expansion.
Furthermore, CPEC was bringing an investment of $57 billion in energy and infrastructure projects and was creating a shift in the demand for high-speed, high-power, fuel-efficient, long-haulage solutions, Farooqui added.
Yousaf Dewan Companies has been providing automobile solutions for close to two decades now. It is already associated with renowned brands like BMW and Mitsubishi.
It has also assembled Hyundai and Kia completely knocked down (CKD)-based products in the past. Now, it intends to cater to the needs of heavy commercial vehicle customers by joining hands with Scania.
Views:0
- World’s First All-electric Scania Car Transporter Goes into Service 2023-07-26
- Scania Launches Its First All-electric European Truck in Hong Kong 2022-10-10
- Scania China's Localized Fleet Management System S+ was Officially Launched 2022-07-05
- Scania V8 650S Limited Edition Launches in China 2022-06-29
- Scania Year-end Report January-December 2021 2022-03-21
- Scania to Start Making Trucks in China After Acquiring Nantong Gaokai 2020-11-25
- Scania’s Production Worldwide Completes Fossil-free Transition 2020-09-01
- Scania to Deliver 75 Battery Electric Trucks to ASKO in Norway 2020-05-27
- FULONGMA, Scania Launch 3rd-generation Compression Garbage Truck in Hong Kong 2020-04-10
- Scania Year-end Report January-December 2019 2020-03-25
Submit Your Requirements, We Are Always At Your Service.
- World’s First All-electric Scania Car Transporter Goes into Service
- China’s First Mining Specialized Remote Sensing Satellite Launched
- SINOTRUK Delivers Full Year 2022 Results, Heavy Truck Sales Down 52.50%
- FOTON and Cummins Team up to Build a New Engine Plant in Thailand
- SANY Awarded as 2022 Forbes China TOP 50 Sustainable DEV Industrial Enterprises
- Daimler Trucks and Buses Signs Deal with XCMG Fire Fighting
- FAW Jiefang Sichuan Branch Was Officially Established
- Bus & Truck Expo Set to be Held in May 2023
- Yutong, SCG Signed MoU for Green Mining in Thailand
- CAT Displays Its First Battery Electric Large Mining Truck
- Half Year Review of Commercial Vehicle Sales
- China Exported 63,000 Trucks in May, Up 33% YoY
- Top 10 Best-selling Battery-swapping Heavy Trucks in China in April
- China Exported 158,000 Trucks in Q1, Up 41% YoY
- China’s Truck Exports Grew by 43.8% YoY to 46600 Units in Feb., 2023
- China’s Heavy Truck Sales Rising 29% YOY to 77200 in Feb
- China Exports 567,000 Trucks in 2022, Hitting a New High in a Decade
- China’s Pickup Exports Jumped 65% YOY in 2022
- China's Truck Exports Grew by 42% YOY to 53,000 Units in November
- Heavy Truck Sales in China Fell by 9% YoY to 46000 Units in Nov.