Ghandhara Nissan to put Datsun Car project on hold

News Image

By MG News | January 23, 2020 at 03:58 PM GMT+05:00

0:00

January 23, 2020 (MLN): Ghandhara Nissan Limited has apprised the Pakistan Stock Exchange about the progress of the Datsun Car project and the capacity enhancement of the existing operations of the company.

According to the report issued to the PSX, Ghandhara and Nissan Motor Co. Limited have spent a lot of time and resources to ensure optimum level of localization in an efficient and effective manner.

However, as part of NML’s recent business strategy and particularly the management policy change with respect to Datsun segment, it is critical to note that Indonesia, which is the mother plant for Datsun CKD kits, may not be a sustainable KD source.

‘Though, the company still awaits NML's assurance / confirmation on the continued and smooth supply of Datsun parts, yet it is a high time to put on-hold the ongoing project activities before getting a dear roadmap from NML’ the report said.

Keeping the above situation in view, till NML takes a final decision on this project, GNL will have to wait for a final verdict on the viability of the project. On the other hand, cognizant of the incentives of the Brownfield status, the company is also exploring other avenues in parallel with focusing on capacity building of existing operations.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 133,703.20
151.16M
0.25%
333.05
ALLSHR 83,393.42
528.31M
0.38%
312.27
KSE30 40,777.01
55.23M
0.18%
71.70
KMI30 192,781.01
63.28M
0.10%
200.34
KMIALLSHR 55,989.62
305.81M
0.28%
153.91
BKTi 36,506.15
9.47M
0.52%
188.98
OGTi 28,597.54
6.71M
0.19%
54.58
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,705.00 108,880.00
107,680.00
250.00
0.23%
BRENT CRUDE 69.30 69.50
69.03
-0.28
-0.40%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
2.90
3.07%
ROTTERDAM COAL MONTHLY 106.00 106.75
106.00
0.25
0.24%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.58 67.97
67.40
-0.35
-0.52%
SUGAR #11 WORLD 16.25 16.46
16.07
-0.13
-0.79%

Chart of the Day


Latest News
July 08, 2025 at 12:04 PM GMT+05:00

Saudi Riyal available at PKR 76.4 in open market


July 08, 2025 at 11:55 AM GMT+05:00

NBP leads Pakistan’s banks in shareholder value surge


July 08, 2025 at 11:39 AM GMT+05:00

Pakistan-Afghanistan railway talks progress


July 08, 2025 at 10:42 AM GMT+05:00

Pakistan moves to regulate crypto with PVARA approval



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg