Tag Archives: Nishat Group



Hyundai-Nishat To Launch Fuel-Efficient Hybrid Cars


Sumera Saeed | November 14, 2017 | category: Autos and Vehicles

Hyundai-Nishat To Launch Fuel-Efficient Hybrid Cars . We earlier reported you that the Hyundai Motor Company and Nishat Group have made the partnership and they revealed the launch of affordable electric and hybrid cars in Pakistan.

Now the company is most probably to launch something big in country as the website for Hyundai in Pakistan is presently under construction and has a large image displayed ‘Coming Soon’ with a few Hyundai models displayed two SUVs and two sedans.

Hyundai-Nishat To Launch Fuel-Efficient Hybrid Cars

The locally formed Hyundai cars are all hybrids and set to hit the markets soon. These hybrid cars are fuel efficient and run on car batteries as opposed to fuel up until the speed of 60 KPH.

The two SUVs displayed on the website for Hyundai in Pakistan will definitely contain the high price tag and will call Hyundai Creta and the Hyundai Tuscon.

The locally assembled cars by Hyundai-Nishat will throw a serious competition to the presently available SUVs including Toyota Fortuner, Suzuki Vitara and the Honda BRV.

On the other hand the two sedans by Hyundai-Nishat will have to face tough competition as there are already established and well-liked Toyota Corolla and the Honda City present.

However, there is no word on official launch of Hyundai-Nishat cars and exact price details.

For further updates stay tuned with daytimes.pk

Electric and Hybird Cars Will Available in Pakistan

Electric and Hybird Cars Will Available in Pakistan


Sumera Saeed | March 3, 2017 | category: Autos and Vehicles

Electric and Hybird Cars Will Available in Pakistan

Hyundai Motor Company has a plan to set up the car assembly plant in Pakistan in collaboration with Nishat Group. The Nishat Group’s chairman Mian Mansha has revealed that the South Korean car manufacturer company is planning to launch the electric and hybrid cars in Pakistan.

The Hyundai Motor Company is planning to start with the small vehicles in the country that could contend with the present (Japanese) assemblers already working in this market.

The Nishat Group’s chairman revealed that they are discussing with the assemblers to bring the electric and hybrid vehicles in the country. At first they will import the electric cars but later on they will start assembling them locally.

Investment in Project:

The chairman of Nishat Group Mian Mansha is investing $120m in the project and they will be 42 per cent stake holder in it, Millat Tractors holding 18 per cent while the Japanese firm 10 per cent. The remaining shareholding will be offloaded on the country’s stock market.

Location:

The car assembly plant will be set up in an industrial zone near Faisalabad.

Nishat Group is the country’s third major business group to have revealed plans of development a car assembly plant in partnership with a foreign carmaker (Hyundai).

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