Nishat group has partnered up with Hyundai to bring some of the international manufacturer’s well-known vehicles to Pakistan under the name Hyundai-Nishat!
The South Korean automotive manufacturer is making a comeback in the markets and is planning to pitch in an investment of Hyundai Nishat-Pakistan $230 Million to produce 10,000 units per annum by 2020.
Hyundai-Nishat wants to then further grow and manufacture 30,000 units per annum by 2024. While the plant is expected to be completed by 2019, we can expect full-fledged operations to kick-off from early 2020.
Hyundai-Nishat Pakistan is reportedly going to launch the pickup truck H100 which is famously known as Shehzore in the local markets. Following the Tucson SUV, Kona, and Elantra.
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We now have to see how Hyundai-Nishat will manage such a big comeback to the local automotive market with the presence of dominators like Honda, Toyota and Suzuki already present.
Another huge aspect we will be looking forward to is the price! Will you go for the foreign brands or the local ones?
Stay tuned to Brandsynario for more news and updates.
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