Master Motors (Urdu: ماسٹر موٹر) is a Pakistani bus and truck manufacturer, based in Karachi, Pakistan since 2002.[1] Master Motors is the authorized assembler and manufacturer of Changan, Daimler Fuso, Foton, Iveco Trucks and Yutong vehicles in Pakistan.
Master Motors is made an agreement with Chinese automobile company Changan Automobile after awarded Greenfield status by Ministry of Industries and Production.[2]
Master Motors is also assembling Italian Iveco Trucks in Pakistan starting from mid 2019.[3]
History
Master Motors Corporation is one of several companies that make up Master Group of Industries. The flagship company Master Enterprises was established in 1963 and with a passage of time the group entered into diversified industries, emerging as one of the leading industrial groups in Pakistan. Master Motors is an ISO certified automobile assembling and manufacturing company formed in 2002.
China’s Changan and Master Motors have set up an automobile manufacturing plant in Karachi. The venture saw a total investment of $100 million by the end of 2018. Master Motors injected 70% while the remaining amount came from the Chinese company.[4]
In 2023, Master Changan Motors Ltd became the first company in Pakistan to export vehicles internationally.[5]
Operations in Pakistan
In 2023, Foton International Trade Co Ltd signed an MOU with Master Motor Corporation (Pvt.) Limited to invest in a joint venture. MMCL had been manufacturing and selling Foton brand vehicles since 2003 under a technical licensing agreement. During Prime Minister Imran Khan's visit to Beijing for the Belt and Road initiative, he visited the plant of Beiqi Foton and acknowledged MMCL's successful sales of over 17,000 commercial vehicles in the past.[6]
The company achieved significant growth in the past year despite tough competition in the market. The sales figures consistently reflected the trust of Pakistani consumers in their products. With these efforts, Master Motors remained a major player in the Pakistani automobile industry.[7]
