LAHORE – The Commercial Truck Market of Pakistan is set to flourish with the distribution agreement signed between Premval (Pvt) Ltd. and SHACMAN Trucks, a brand name under Shaanxi Automobile Holding Group. This new agreement will benefit a number of businesses along with improving the economy as a whole, according to the press release issued here on Wednesday.
The formal Distributor Agreement was signed by Mr. Zhang Hai Gang, Vice General Manager, SHACMAN and Mr. KonozMohiuddin, Chairman VPL.
Firstly, the agreement will provide an opportunity to engage in the Commercial truck market which is growing at a rapid pace. This market provides easy accessibility along with a better form of logistics for a number of businesses. Secondly, there will be greater opportunities present due to the China Pakistan Economic Corridor (CPEC) which can be utilized using the new SHACMAN Trucks, the release said, it further added that the SHACMAN trucks will be available for sale immediately while the formal product launch is set for the third quarter of 2017.
Premval (Pvt) Ltd is a subsidiary of VPL Limited which gives it a huge edge in the market. It is one of Pakistan’s leading suppliers of trucks, buses, construction & mining equipment, generators, engines and tools.
Shaanxi Automobile Holding Group was initially founded as Shaanxi Automobile Manufacturing Plant in 1968. It is located in the city of Xi’an, Shaanxi Province and employs over 32,000 personnel making it one of the largest of its kind. It manufactures a huge range of products including heavy, medium and light duty trucks, military off-road vehicles, medium and large coach buses, mini vehicles, mini vehicle axles, heavy-duty axles, Cummins engines, and various vehicle components, the press release stated.