Hyundai Nishat Motors
Pakistani automobile manufacturer
From Wikipedia, the free encyclopedia
Hyundai Nishat Motors (Urdu: ہیونڈے نشاط) is a Pakistani automobile manufacturer based in Lahore.[2][3] It is part of Nishat Group.
 | |
Company 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 / references Financials as of 31 December 2024[update] [1] | |
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 Nishat was founded in 2017 as a joint venture between Nishat Group, Sojitz, and Millat Tractors. Previously, Hyundai used to assemble cars in Pakistan until 2004, when their local partner Dewan Farooque Motors went bankrupt.[6]
Hyundai Nishat Motor signed an investment agreement with the Ministry of Industries and Production under the Automotive Development Policy 2016-21.[7][8]
Hyundai Nishat Motor launched Elantra sedan in March 2021.[9]
Products
Locally manufactured
- 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]
Imported
Discontinued
- Hyundai Santro (city car)
- Hyundai Shehzore (light truck)
- Hyundai Staria (minivan)[12]
