Hyundai-Nishat is all set to start its production of vehicle lineup in Pakistan by year end. Reportedly, the commercial production of Hyundai cars manufactured in Pakistan will commence from Faisalabad.
South Korean automotive behemoth, Hyundai, again entered in Pakistan under the name of Hyundai Nishat Motor Private Limited (“HNMPL”). The project is being set up as a joint venture between Nishat Group Companies and one of the leading trading and investment houses of Japan M/S, Sojitz Corporation.
Mian Mansha the founder and CEO of Nishat Group, while talking to a local publication shared the future prospects of the brand. After its inauguration, it is expected that Hyundai-Nishat will roll-out 7,000 units of local production in its first year. It will expand to 30,000 units in the next 5 years.
According to Mian Mansha:
We have plans to increase our production to 30,000 cars in the forthcoming five years
Previously, several Hyundai cars were spotted at the Nishat group-owned Emporium Mall, Lahore.
One of the cars spotted at the mall was the Hyundai Santa Fe. Furthermore, Hyundai has been seen testing hybrid cars of the roads of Lahore as well.
Hyundai Ioniq and Tucson were spotted doing test rounds. Ioniq is available in different countries across the globe including America, Canada, South Korea, and our neighboring country India. The car comes in three different options; hybrid, plug-in hybrid and electric.
Aside from Hyundai-Nishat, KIA Lucky Motors Pakistan Limited (KLM) announced that the production of its vehicles would commence in September 2019.
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