Hyundai Nishat Motors Explained

Hyundai Nishat Motor (Private) Limited
Type:	Unlisted public
Location:	Lahore and Faisalabad in Pakistan
Key People:	Hassan Mansha (CEO)
Industry:	Automotive
Products:	Automobiles
Area Served:	Pakistan
Equity Year:	2023
Owner:	Sojitz (40%) Millat Tractors (15.86%) Adamjee Insurance (10%) DG Cement (10%) Nishat Mills (10%) Security Insurance (10%)
Parent:	Nishat Group
Footnotes:	Financials ^[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)
• Hyundai Tucson (compact crossover SUV)
• Hyundai Santa Fe (crossover SUV)^[9]
• Hyundai Porter H-100 (light commercial vehicle/light truck)

Imported

• Hyundai Staria (minivan)
• Hyundai Ioniq 5
• Hyundai Ioniq 6

Discontinued

• Hyundai Santro (city car)
• Hyundai Shehzore (light truck)

See also

• Automotive industry in Pakistan

External links

• Hyundai-Nishat

Notes and References

1. Web site: DG Cement Annual Report 2023. 24 May 2024.
2. Web site: HYUNDAI. hyundai-nishat.com.
3. Web site: PM Abbasi breaks ground on Hyundai-Nishat vehicle assembly plant in Faisalabad. 20 December 2017. 9 January 2018.
4. News: Haq. Shahram. Hyundai Nishat Motors raring to go, but hybrid vehicles on the back seat. 9 January 2018.
5. Web site: Staff Report. 2021-01-05. Hyundai Pakistan vows to boost production by100pc in Q1CY21. 2021-01-05. Profit by Pakistan Today. en-US.
6. Web site: Hyundai Nishat signs pact with production ministry. The Newspaper's Staff. Reporter. 16 December 2017.
7. Web site: Desk. BR Web. 2020-12-10. Hyundai's Elantra and Sonata to Launch in Pakistan. 2021-01-05. Brecorder. en.
8. Web site: Hyundai reveals the price of its Elantra sedan SAMAA. 2021-03-24. Samaa TV. en-US.
9. Web site: Hyundai Santa Fe Hybrid Launched. 3 October 2023. 12 December 2023.
10. Web site: Desk. BR Web. 2020-12-15. Hyundai Elantra to be Launched in Pakistan in 2021. 2021-01-05. Brecorder. en.
11. Web site: Hyundai to launch Elantra and Sonata in Pakistan SAMAA. 2021-01-05. Samaa TV. en-US.