Daimler Chrysler has placed orders for components worth over a
million dollars with Transmission Motor Company (TMC), marking a
beginning of a long term partnership with a Pakistani company that
would end up in spare parts and complete unit building of electric
motorcars in Pakistan.
The components of first wave were in advanced development stages
with supplies to commence shortly. The second wave of components is
under consideration for development from leading automotive suppliers.
Sources said, â€œIn the wake of combating environmental pollution
electric vehicles are gaining global popularity and this US-Pakistan
cooperation will be a boon for this fast developing auto sectorâ€.
Transmission Motor Company (Pvt) Ltd has been appointed by
Global Electric Motorcars (GMC), LLC (A Daimler Chrysler USA company)
as their primary sourcing partner for developing and procuring
components from Pakistan.
TMC is a fully owned subsidiary of Transmission Engineering
Industries Limited (TEIL), quoted on KSE, is developing and producing
low-cost automobiles for Pakistani and export markets. GEM cars are
producing electric vehicles for the global market.
Article taken from Business Recorder. Original post at RisingPakistan