The improvement in country’s security and consumer demand has allowed the investors to venture into the auto sector.

Keeping the importance of motorists’ demands in mind, United Motors has taken a step forward to launch two brand-new vehicles during the running fiscal year.

Sources revealed that United Motors Pvt. is launching two brand new vehicles – an 800cc car and a 1000cc carry pickup – in cooperation with a Chinese automaker in 2018.

In June, the government allowed United Motors, KIA-Lucky Motors and Hyundai Nishat Motor to set up greenfield projects under the new auto policy. These companies were promised special incentives by way of reduced customs duties on the import of completely knocked-down kits for local assembly.

The Nishat Mills Limited, Hyundai Motor Company and Sojitz Corporation Japan had signed the agreement on Feb. 3 this year for establishing a framework for building a green field project for the auto plant’s assembly and sales of passenger and commercial vehicles in Pakistan.