Hyundai Nishat Motors
 | |
| Company type | Joint venture |
|---|---|
| Industry | Automotive |
| Founded | 2017 |
| Headquarters | Lahore, Pakistan |
Key people | Hassan Mansha (CEO) |
| 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 began production from its Faisalabad plant in 2019.[3][4]
History
Hyundai returned to Pakistan in 2017 by partnering with Nishat Mills, a subsidiary of Nishat Group. Hyundai used to assemble cars in Pakistan until 2004, when their local partner Dewan Farooque Motors went bankrupt.
Hyundai Nishat Motor signed an investment agreement with the Ministry of Industries and Production under the Automotive Development Policy 2016-21.[5][6] 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.[4]
Kia Lucky Motors, MG JW Automobile and Changan Automobile are also launching new models keeping competition alive for Hyundai.[7][8]
Products
- Hyundai Ioniq (hybrid compact car)[9][10][11]
- Hyundai Santa Fe (mid-size SUV)[9][10][11]
- Hyundai Grand Starex (minivan)[9][10][11]
- Hyundai Porter H-100 (light commercial vehicle/light truck)[9][10][11]
- Hyundai Tucson (crossover SUV)[4][9][10][11]
- Hyundai Elantra[12][9][10][11]
- Hyundai Sonata[9][10][11]
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.
- ^ a b c Report, Staff (2021-01-05). "Hyundai Pakistan vows to boost production by100pc in Q1CY21". Profit by Pakistan Today. Retrieved 2021-01-05.
- ^ Reporter, The Newspaper's Staff (16 December 2017). "Hyundai Nishat signs pact with production ministry".
- ^ Desk, BR Web (2020-12-10). "Hyundai's Elantra and Sonata to Launch in Pakistan". Brecorder. Retrieved 2021-01-05.
{{cite web}}:|last=has generic name (help) - ^ "Hyundai Nishat Motor (Private) Limited". Hyundai Nishat. Retrieved 2021-01-05.
- ^ Desk, BR Web (2020-12-10). "Hyundai's Elantra and Sonata to Launch in Pakistan". Brecorder. Retrieved 2021-01-05.
{{cite web}}:|last=has generic name (help) - ^ a b c d e f g "Hyundai to launch Elantra and Sonata in Pakistan | SAMAA". Samaa TV. Retrieved 2021-01-05.
- ^ a b c d e f g https://www.hyundai-nishat.com/All_vehicles
- ^ a b c d e f g https://www.pakwheels.com/blog/hyundai-nishat-reportedly-to-launch-three-passenger-cars-in-june-2021/
- ^ Desk, BR Web (2020-12-15). "Hyundai Elantra to be Launched in Pakistan in 2021". Brecorder. Retrieved 2021-01-05.
{{cite web}}:|last=has generic name (help)
External links
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