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Dec 11 2019

Hyundai Nishat Going to Launch Three Passenger Cars in June 2021

 

The auto industry of Pakistan is revolutionizing due to foreign Auto Giants companies are investing in the auto sector of Pakistan. This is giving tough time to the existing auto manufacturer and pushing them forward to bring innovation in the auto sector. It is the responsibility of the government of Pakistan to give them suitable environment by changing the policies and taxation mechanism which will help in boosting the local market and to overcome the economic crisis.

Hyundai Nishat Motors, rather than worrying about the current decrease in the sales of automobiles, they are planning for their long terms project. Hyundai re-entered in the automobile market of Pakistan with the collaboration with Nishat Group. The company has recently launched its commercial vehicle of 2600cc named as Porter H-100 in the market.

 At the end of the June 2021 the company is willing to launch its three passenger cars including SUV other than Porter H-100 in the market like Sante Fe, Grand Starex, and Ioniq. Hundai will also launch Economic car of 1000cc as KIA did few months ago.

Hyundai Nishat has constructed its manufacturing plant in Faisalabad with the initially investment of $150 million Dollar. The plant will be able to produce 15,000 units per year initially, and Hyundai are looking forward to increase its production capacity to 30,000 units per year by investing $230 million at the end of the 2023.

 The sales of the newly manufactured car in the market of Pakistan has significantly decreased, However the General Manager of Sales and Marketing of Hyundai Nishat, Ibad Jamal giving interview to media, said that the sales of new car will be revived soon, He is also said that the devaluation of the local currency against dollar and government sales taxes giving tough time to the automobile manufacturers.

The entry of the Hyundai in the local market will give tough time to the other auto giants, which will ultimately increase the competition, quality of the products and innovation in the industry of automobiles.

Hyundai Porter H-100 is a good edition in the market and it will replace the previous version named Shehzore which was a success in the past. The Price of the Hyundai Porter H-100 will be 2,449,000 with warranty of 4 years or 100,000 Km. The Booking of Hyundai Porter H-100 already started on 3 December 2019, and company will deliver the vehicle to consumer in January 2020.

 

For more interesting information related to upcoming cars and automobile technologies, stay tunned with Zulfiqar.co.jp




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