Loading AI tools
Pakistani automobile manufacturer From Wikipedia, the free encyclopedia
Hyundai Nishat (Urdu: ہیونڈے نشاط) is a Pakistani automobile manufacturer based in Faisalabad, Pakistan.[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 |
Total equity | ![]() |
Owner | Sojitz (40%) Millat Tractors (15.86%) Adamjee Insurance (10%) DG Cement (10%) Nishat Mills (10%) Security Insurance (10%) |
Parent | Nishat Group |
Website | hyundai-nishat |
Footnotes / references Financials As of 30 June 2023[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]
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]
Seamless Wikipedia browsing. On steroids.
Every time you click a link to Wikipedia, Wiktionary or Wikiquote in your browser's search results, it will show the modern Wikiwand interface.
Wikiwand extension is a five stars, simple, with minimum permission required to keep your browsing private, safe and transparent.