Home Auto Hyundai is Ready to Produce 15,000 Cars in Faisalabad

Hyundai is Ready to Produce 15,000 Cars in Faisalabad

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Hyundai is Ready to Produce 15,000 Cars in Faisalabad

Hyundai Nishat Motor’s production plant was set for service in the M3 Industrial City of FIEDMC earlier this month.

The CEO of Nishat Group, Mian Mansha, said earlier, that the company has a production capacity of 7,000 vehicles, capable of manufacturing both cars and light commercial vehicles. However, new information has been revealed and the plant has an annual capacity of 15 000 accordingly. The PorterH-100 is the first car “made in Pakistan” of the company in the first phase.

The company plans to invest another $230 million soon to boost production from 15,000 to 30,000 units per year by 2023 and has been set up by source with an initial investment of $150 million.

Besides pick-up, three car models will be released and the first is expected to be unveiled by June 2020. The company said that only 20-25H-100 units are produced daily in the initial phase and that the system operates one shift every day.

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