As the Pakistan’s automobile market surges, more and more investments are pouring in. Scania, a renowned Swedish heavy commercial vehicle manufacturer announced to sell heavy vehicles in Pakistan. They will enter the market through local distributor and will introduce premium trucks, truck-tractors, buses and coaches in the South Asian country.
Yousaf Dewan Companies and the European manufacturer have signed an agreement for distribution rights and introduction of Scania heavy vehicles in Pakistan market. The company would also consider opening up a manufacturing plant in Pakistan later on.
The distribution agreement was signed in the presence of top executives and renowned customers of heavy commercial vehicles. Dewan Muhammad Yousaf Farooqui, Chairman Dean Companies and Executive Vice President Sales and Marketing of Scania, Mr. Christian Levin signed the agreement.
Levin addressed at the occasion and said that they were thrilled to introduce their trucks and buses in Pakistan. He added that Pakistan was emerging as a fruitful and favorite investment destination in the world and China-Pakistan Economic Corridor (CPEC) would attract a lot of investment in the automotive industry.
He explained that Scania wanted to penetrate and explore the full potential of Pakistan market by setting new standards for competitors in heavy vehicles in Pakistan.
The socio-economic growth of the country would get a boost from the Swedish company’s entry into Pakistani market; it will not only strengthen the Scania’s business but as well will create diverse employment and business opportunities in automobile sector.
The Swedish company Scania was founded in 1891 in the province of Skane in Sweden. The company opened its head office in Sodertalje in 1912. It specializes in manufacturing commercial vehicles, especially heavy trucks and buses.
Scanis is now operating in more than 100 countries, employing approximately 42,100 people with the rich experience of 125 years in global automobile industry.
Chairman of Dewan Companies presented his views and said that he thought this time to be a great opportunity for Scania to enter Pakistan as the economy of Pakistan is booming, especially the trucks and bus sector is growing extraordinarily.
He appreciated the government’s stable policies and considered it to be a key factor in the revival of automotive industry in Pakistan. Hence, the bus and truck market are currently growing exponentially, indicating inherent economic expansion.
Moreover, he added that the CPEC’s investment of $57 billion in energy and infrastructure projects was also forming a shift in demand for high-power, fuel efficient, high speed and long-haulage solutions.
Yousaf Dewan Companies have always been associated with big brands like Mitsubishi and BMW, they focus on providing automobile solutions and have been in the market since almost two decades.
They have also assembled Hyundai and Kia completely knocked down (CKD) based products. However, now by joining hands with Scania they’re also focusing and intending to cater the requirements of customers for heavy vehicles in Pakistan.
