Hyundai Nishat Motors
| Hyundai Nishat Motor | |
|---|---|
 | |
| Type | Unlisted public |
| Industry | Automotive |
| Founded | 2017 |
| Headquarters | Lahore and Faisalabad in Pakistan |
Area served | Pakistan |
| Key people | Hassan Mansha (CEO) |
| Products | Automobiles |
| Revenue |  Rs. 66.260 billion (US$240 million) (2024) |
 Rs. 2.332 billion (US$8.3 million) (2024) | |
| Rs. 1.626 billion (US$5.8 million) (2024) | |
| Total assets | Rs. 50.778 billion (US$180 million) (2024) |
| Total equity | Rs. 20.893 billion (US$75 million) (2024) |
| Owner | Sojitz (40%) Millat Tractors (15.86%) Adamjee Insurance (10%) DG Cement (10%) Nishat Mills (10%) Security General Insurance (10%) |
| Parent | Nishat Group |
| Website | hyundai-nishat |
| Footnotes Financials as of 31 December 2024[update] [1] | |
Hyundai Nishat Motors (Urdu: ہیونڈے نشاط) is a Pakistani automobile manufacturer based in Lahore.[2][3] It is part of the Nishat Group.
Hyundai Nishat is the authorized assembler and manufacturer of Hyundai vehicles in Pakistan and began production at its Faisalabad plant in 2019.[4][5]
History
[edit]Hyundai Nishat was founded in 2017 as a joint venture between the Nishat Group, Sojitz, and Millat Tractors. Previously, Hyundai assembled cars in Pakistan until 2004, when its local partner Dewan Farooque Motors went bankrupt.[6]
Hyundai Nishat Motors signed an investment agreement with the Ministry of Industries and Production under the Automotive Development Policy 2016-21.[7][8]
Hyundai Nishat Motor launched the Elantra sedan in March 2021.[9]
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]
- Hyundai Palisade (mid-size crossover SUV)[10]
Imported
[edit]Discontinued
[edit]- Hyundai Santro (city car)
- Hyundai Shehzore (light truck)
- Hyundai Staria (minivan)[12]
See also
[edit]References
[edit]- ↑ "Hyundai Nishat Motors Annual Report 2025" (PDF). Retrieved 4 November 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.
- 1 2 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. 7 October 2011. Retrieved 2021-03-24.
- 1 2 3 "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.
- 1 2 3 4 5 "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 | |
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