ISLAMABAD : Dewan Farooq Motors Ltd (DFML) has applied for revival of their plant situated in Sujawal under the incentives given for revival of closed units in the Automotive Development Policy (ADP) 2016-21.

In a meeting recently held between the Board of Investment (BOI) and Engineering Development Board (EDB), Dewan Motors has submitted a plan for local production of DAEHAN, SsangYong and KIA vehicles.

The meeting held to discuss the investment plan was chaired by Miftah Ismail, Chairman BOI and the Minister of State that was also attended by Secretary BOI, CEO EDB, officials of DFML.

The revival will mainly commence with re-launch of Shehzore 1-tonne single rear wheel Truck with Hyundai Powertrain in September 2016 followed by Shehzore 1-tonne Truck with dual real tyre in October 2016.

The plan submitted by the Dewan Motors said that the company will introduce 1.5-tonne Shehzore Truck and a 1600cc Specialized Utility Vehicle (SUV) in collaboration with SsangYong China in 2017.

The company also plans to launch passenger cars, light commercial vehicles and SUVs in collaboration with KIA Motors Korea within next three years. Dewan Group has also finalized agreement with SsangYong Motors Company, fourth largest automobile manufacturer in South Korea. DFML’s negotiations with KIA Motors, which is a part of HYUNDAI MOTOR GROUP, are at an advance stage for local production of KIA range of vehicles in Pakistan.

The EDB has started processing the case for re-launch of DFML and says that competition in the local car market will increase as a result of launch of KIA cars in the country again.

Published in Dawn, August 11th, 2016

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

All out
Updated 25 Feb, 2025

All out

PAKISTAN cricket captain Mohammad Rizwan’s assessment was brutal — it could not have been any other way. At ...
Bearing the brunt
25 Feb, 2025

Bearing the brunt

FOR the past several months, we have repeatedly been told by the prime minister and his cabinet that the government...
Afghan resettlement
25 Feb, 2025

Afghan resettlement

AFGHAN refugees who fled their country after the Taliban took over in 2021, and who hoped to resettle in the West,...
Taliban divisions
Updated 24 Feb, 2025

Taliban divisions

The only workable solution lies in Mullah Akhundzada loosening his iron grip on the country.
Oblivious to drought
24 Feb, 2025

Oblivious to drought

PAKISTAN faces two types of drought: one caused by dry weather or lower-than-normal rainfall, and the other ...
Digital children
24 Feb, 2025

Digital children

AS most parents with young children will agree, the easiest way to pacify a bawling child is to hand them a...