AGL 38.00 No Change ▼ 0.00 (0%)
AIRLINK 213.91 Increased By ▲ 3.53 (1.68%)
BOP 9.42 Decreased By ▼ -0.06 (-0.63%)
CNERGY 6.29 Decreased By ▼ -0.19 (-2.93%)
DCL 8.77 Decreased By ▼ -0.19 (-2.12%)
DFML 42.21 Increased By ▲ 3.84 (10.01%)
DGKC 94.12 Decreased By ▼ -2.80 (-2.89%)
FCCL 35.19 Decreased By ▼ -1.21 (-3.32%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 16.39 Increased By ▲ 1.44 (9.63%)
HUBC 126.90 Decreased By ▼ -3.79 (-2.9%)
HUMNL 13.37 Increased By ▲ 0.08 (0.6%)
KEL 5.31 Decreased By ▼ -0.19 (-3.45%)
KOSM 6.94 Increased By ▲ 0.01 (0.14%)
MLCF 42.98 Decreased By ▼ -1.80 (-4.02%)
NBP 58.85 Decreased By ▼ -0.22 (-0.37%)
OGDC 219.42 Decreased By ▼ -10.71 (-4.65%)
PAEL 39.16 Decreased By ▼ -0.13 (-0.33%)
PIBTL 8.18 Decreased By ▼ -0.13 (-1.56%)
PPL 191.66 Decreased By ▼ -8.69 (-4.34%)
PRL 37.92 Decreased By ▼ -0.96 (-2.47%)
PTC 26.34 Decreased By ▼ -0.54 (-2.01%)
SEARL 104.00 Increased By ▲ 0.37 (0.36%)
TELE 8.39 Decreased By ▼ -0.06 (-0.71%)
TOMCL 34.75 Decreased By ▼ -0.50 (-1.42%)
TPLP 12.88 Decreased By ▼ -0.64 (-4.73%)
TREET 25.34 Increased By ▲ 0.33 (1.32%)
TRG 70.45 Increased By ▲ 6.33 (9.87%)
UNITY 33.39 Decreased By ▼ -1.13 (-3.27%)
WTL 1.72 Decreased By ▼ -0.06 (-3.37%)
BR100 11,881 Decreased By -216 (-1.79%)
BR30 36,807 Decreased By -908.3 (-2.41%)
KSE100 110,423 Decreased By -1991.5 (-1.77%)
KSE30 34,778 Decreased By -730.1 (-2.06%)
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.