Hyundai Nishat Motors
 | |
| Company type | Joint venture |
|---|---|
| Industry | Automotive |
| Founded | 2017 |
| Headquarters | Lahore, Pakistan |
| Products | Automobiles |
| Parent | Hyundai-Nishat Group |
| Website | Official website |
Hyundai Nishat (Urdu: ہنڈائی نشاط) is a Pakistani automobile manufacturer and joint venture between Hyundai and Nishat Mills, based in Lahore, Pakistan.[1][2]
Hyundai Nishat is the authorized assembler and manufacturer of Hyundai vehicles in Pakistan and will begin production from its Faisalabad plant in 2019.[3]
History
Hyundai used to assemble cars in Pakistan until 2004, when their local partner Dewan Farooque Motors went bankrupt.
Hyundai returned to Pakistan in 2017 by partnering with Nishat Mills, a subsidiary of Nishat Group. Hyundai Nishat Motor signed an investment agreement with the Ministry of Industries and Production under the Automotive Development Policy 2016-21.[4] The intent of the government is to shake up the Japanese-dominated car market and loosen the grip of Toyota, Honda and Suzuki, who assemble cars in Pakistan with local partners.
Products
- Hyundai Ioniq (hybrid compact car)
- Hyundai Santa Fe (mid-size SUV)
- Hyundai Grand Starex (minivan)
- Hyundai Porter H-100 (light commercial vehicle/light truck)
See also
References
- ^ "HYUNDAI". hyundai-nishat.com.
- ^ "PM Abbasi breaks ground on Hyundai-Nishat vehicle assembly plant in Faisalabad". Retrieved 9 January 2018.
- ^ Haq, Shahram. "Hyundai Nishat Motors raring to go, but hybrid vehicles on the back seat". Retrieved 9 January 2018.
- ^ Reporter, The Newspaper's Staff (16 December 2017). "Hyundai Nishat signs pact with production ministry".
- ^ https://www.hyundai-nishat.com/All_vehicles
- ^ https://www.pakwheels.com/blog/hyundai-nishat-reportedly-to-launch-three-passenger-cars-in-june-2021/
External links
| Domestic manufacturers | |
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| Foreign companies with operations | |
| Defunct manufacturers | |
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