Hyundai Nishat Motors
 | |
| Company type | Unlisted public |
|---|---|
| Industry | Automotive |
| Founded | 2017 |
| Headquarters | Lahore and Faisalabad in Pakistan |
Area served | Pakistan |
Key people | Hassan Mansha (CEO) |
| Products | Automobiles |
| Total equity |  Rs. 38.471 billion (US$130 million) (2023) |
| Owner | Sojitz (40%) Millat Tractors (15.86%) Adamjee Insurance (10%) DG Cement (10%) Nishat Mills (10%) Security Insurance (10%) |
| Parent | Nishat Group |
| Website | hyundai-nishat |
| Footnotes / references Financials As of 30 June 2023[update] [1] | |
Hyundai Nishat (Urdu: ہیونڈے نشاط) is a Pakistani automobile manufacturer based in Faisalabad, Pakistan.[2][3] It is part of Nishat Group.
Hyundai Nishat is the authorized assembler and manufacturer of Hyundai vehicles in Pakistan and began production from its Faisalabad plant in 2019.[4][5]
History
[edit]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.[6]
Hyundai Nishat Motor signed an investment agreement with the Ministry of Industries and Production under the Automotive Development Policy 2016-21.[7][8]
Hyundai Nishat Motor launched Elantra sedan in March 2021.[9]
Hyundai Nishat Motor launched Santa Fe mid-size SUV.[10]
Products
[edit]Locally manufactured
[edit]- Hyundai Elantra (sedan)[11][12]
- Hyundai Sonata (luxury sedan)[12]
- Hyundai Tucson (compact crossover SUV)[5][12]
- Hyundai Santa Fe (crossover SUV)[10]
- Hyundai Porter H-100 (light commercial vehicle/light truck)[12]
Imported
[edit]- Hyundai Staria (minivan)[12]
- Hyundai Ioniq 5
- Hyundai Ioniq 6
Discontinued
[edit]- Hyundai Santro (city car)
- Hyundai Shehzore (light truck)
See also
[edit]References
[edit]- ^ "DG Cement Annual Report 2023". Retrieved 24 May 2024.
- ^ "HYUNDAI". hyundai-nishat.com.
- ^ "PM Abbasi breaks ground on Hyundai-Nishat vehicle assembly plant in Faisalabad". 20 December 2017. 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 Staff Report (2021-01-05). "Hyundai Pakistan vows to boost production by100pc in Q1CY21". Profit by Pakistan Today. Retrieved 2021-01-05.
- ^ Farooq, Fatima (February 3, 2017). "Mian Mansha brings Hyundai cars back to Pakistan". Profit by Pakistan Today.
- ^ Reporter, The Newspaper's Staff (16 December 2017). "Hyundai Nishat signs pact with production ministry".
- ^ "Hyundai's Elantra and Sonata to Launch in Pakistan". Brecorder. 2020-12-10. Retrieved 2021-01-05.
- ^ "Hyundai reveals the price of its Elantra sedan | SAMAA". Samaa TV. Retrieved 2021-03-24.
- ^ a b "Hyundai Santa Fe Hybrid Launched". 3 October 2023. Retrieved 12 December 2023.
- ^ "Hyundai Elantra to be Launched in Pakistan in 2021". Brecorder. 2020-12-15. Retrieved 2021-01-05.
- ^ a b c d e "Hyundai to launch Elantra and Sonata in Pakistan | SAMAA". Samaa TV. Retrieved 2021-01-05.
External links
[edit]| Domestic manufacturers | |
|---|---|
| Foreign companies with operations | |
| Defunct manufacturers | |
| Components & parts | |
| Related topics | |
 | This article about an automotive industry corporation or company is a stub. You can help Wikipedia by expanding it. |
 | This Pakistani corporation or company article is a stub. You can help Wikipedia by expanding it. |