KARACHI: Ghandhara Nissan Limited has entered into formal arrangements with Chery International Corporation – Wuhu, China for manufacturing and distribution of Chery passenger cars (SUVs/ Crossovers) in Pakistan.

Ghandhara Nissan has submitted its business plan to Board of Investment.

The project will be executed after getting regulatory approvals and fulfillment of other ancillary requirements.

Pakistan motor vehicles sales grew 15.2 percent in Dec 2020, as lower interest rates and pickup in the economic activity helped the automobile sector recover losses.

Ghandhara Nissan Limited is a Pakistani automobile manufacturer based in Karachi, Pakistan established in 1981. Ghandhara Nissan is the authorized assembler and manufacturer of Nissan, Dongfeng, JAC and Renault Trucks vehicles in Pakistan. www.ghandharanissan.com.pk

Chery Automobile Co., Ltd. was founded in 1997. It is a globalized automobile brand located in China.

Over the past 20 years, Chery has always insisted on independent innovation, established R&D centers in China, Germany, United States and Brazil. It also has established a global automotive R&D team of more than 5,500 people，thus gradually establishing the holistic technology and product R&D system.

In this way, Chery has successfully created product brands such as Arrizo, Tiggo, and high-end EXEED brand with cumulative global sales of more than 8.3 million units. www.cheryinternational.com