AGL 37.24 Decreased By ▼ -0.76 (-2%)
AIRLINK 217.50 Increased By ▲ 3.59 (1.68%)
BOP 9.50 Increased By ▲ 0.08 (0.85%)
CNERGY 6.66 Increased By ▲ 0.37 (5.88%)
DCL 8.81 Increased By ▲ 0.04 (0.46%)
DFML 43.20 Increased By ▲ 0.99 (2.35%)
DGKC 95.11 Increased By ▲ 0.99 (1.05%)
FCCL 35.65 Increased By ▲ 0.46 (1.31%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 17.79 Increased By ▲ 1.40 (8.54%)
HUBC 128.03 Increased By ▲ 1.13 (0.89%)
HUMNL 13.27 Decreased By ▼ -0.10 (-0.75%)
KEL 5.34 Increased By ▲ 0.03 (0.56%)
KOSM 6.92 Decreased By ▼ -0.02 (-0.29%)
MLCF 43.65 Increased By ▲ 0.67 (1.56%)
NBP 59.60 Increased By ▲ 0.75 (1.27%)
OGDC 222.50 Increased By ▲ 3.08 (1.4%)
PAEL 39.80 Increased By ▲ 0.64 (1.63%)
PIBTL 8.30 Increased By ▲ 0.12 (1.47%)
PPL 195.21 Increased By ▲ 3.55 (1.85%)
PRL 39.18 Increased By ▲ 1.26 (3.32%)
PTC 27.75 Increased By ▲ 1.41 (5.35%)
SEARL 104.70 Increased By ▲ 0.70 (0.67%)
TELE 8.45 Increased By ▲ 0.06 (0.72%)
TOMCL 34.60 Decreased By ▼ -0.15 (-0.43%)
TPLP 13.10 Increased By ▲ 0.22 (1.71%)
TREET 25.60 Increased By ▲ 0.26 (1.03%)
TRG 72.90 Increased By ▲ 2.45 (3.48%)
UNITY 33.10 Decreased By ▼ -0.29 (-0.87%)
WTL 1.70 Decreased By ▼ -0.02 (-1.16%)
BR100 11,996 Increased By 102.3 (0.86%)
BR30 37,443 Increased By 588.1 (1.6%)
KSE100 111,471 Increased By 1047.7 (0.95%)
KSE30 35,060 Increased By 282.1 (0.81%)
Business & Finance

Master Motors to Launch Cheapest Sedan 'Alsvin' in Pakistan

  • Master Motor is planning to launch Pakistan's Cheapest Sedan, the 1,500cc Changan Alsvin, priced between Rs2 million to Rs2.5 million.
Published November 21, 2020

Master Motor is planning to launch Pakistan's Cheapest Sedan, the 1,500cc Changan Alsvin. This car will be priced between Rs. 2 million to Rs. 2.5 million.

This new sedan will offer competition to other low-end sedans in Pakistan like the Toyota Yaris, and other high-end hatchbacks like Suzuki Cultus and Kia Picanto. These passenger cars are also priced within the Rs. 1.8 million to Rs. 3 million range.

SAMAA News reports that Master Motor will formally launch this sedan within the next three month.

Master Motors has been operating in the automotive business for a long time, particularly manufacturing commercial buses and trucks. The company also owns part of Procon Engineering, an auto-part manufacturing facility that makes seats for motorcycles and passenger cars.

The Master group owns two automotive plants in Karachi, producing 740 buses, 9,000 trucks and 30,000 passenger vehicles annually.

The company has now started a joint venture with Changan, a car company, for manufacturing passenger cars in Pakistan. Master Motors has already had relative success in selling the Karvaan, a Changan minivan.

Changan entered the Pakistani market when the government was facilitating the entry of new players as part of its Auto Development Policy (2016-21).

The company also plans on launching an SUV in addition to this 1500cc sedan, however details about it have not been disclosed as yet.

Comments

Comments are closed.