 | |
| 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
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.[6][7]
Hyundai Nishat Motor launched Elantra sedan in March 2021.[8]
Hyundai Nishat Motor launched Santa Fe mid-size SUV.[9]
Products
Locally manufactured
- Hyundai Elantra (sedan)[10][11]
- Hyundai Sonata (luxury sedan)[11]
- Hyundai Tucson (compact crossover SUV)[5][11]
- Hyundai Santa Fe (crossover SUV)[9]
- Hyundai Porter H-100 (light commercial vehicle/light truck)[11]
Imported
- Hyundai Staria (minivan)[11]
- Hyundai Ioniq 5
- Hyundai Ioniq 6
Discontinued
- Hyundai Santro (city car)
- Hyundai Shehzore (light truck)
See also
References
- ^ "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.
- ^ 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.
- ^ "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.
- ^ Desk, BR Web (2020-12-15). "Hyundai Elantra to be Launched in Pakistan in 2021". Brecorder. 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
with operations
