Hyundai Nishat Motors Private limited (HNMPL) has started the booking of their ‘Hyundai H-100 Porter’ truck and the introductory price is starting from Rs. 2,449,000. A launching ceremony, booking opening and the price announcement was held on 2nd of December 2019 in Lahore. The ceremony invited large number of dealers, various bankers, vendors and valued customers.
Pakistan’s famous light commercial truck/pickup ‘Shehzore’, has the same engine as that of Hyundai H-100 previously which has now been discontinued and people are waiting for this pickup since a long time.
The pickup has 1.0 ton towing weight capacity, 2.6 L Euro II diesel engines with 5-speed manual transmission power. The Porter H-100 has various applications; it can be used as a flat deck van, an ambulance, a security van, a refrigerator van, and a delivery van. Also, Hyundai H-100 Porter will be the first locally assembled pickup that offers a four- year or 100,000 km warranty. This news is a relief for the rapidly, falling automotive industry of Pakistan.
Hyundai Nishat Motors Private limited (HNMPL) announced a local assembling vehicle plant in October 2019 during its launch program. According to the announcement, the plant was to be operational by January 2020. The launch ceremony was done for their digital showroom and Hyundai Ioniq Hybrid car in Karachi on last month.
Talking with media at the occasion of Inauguration ceremony of showroom in Karachi, Tatsuya Sato of HNMPL says that a total investment of $150 million has been made in the Faisalabad facility which will have an annual production capacity of 15,000 units. Also, the facility will open up 250 employment opportunities for the locals. Lastly, he added that the company aims to increase localization by 45% over the next 5 years.
With the rupee depreciating as dollar raises the indigenization can help make the market more sustainable. Speaking on this the COO said that that this parity is also hitting current assemblers regardless of attaining 65% localization. “Higher indigenization in vehicles can stabilize on which we are focusing more.”
via: Web Desk