LAHORE: Hyundai-Nishat Motors is set to start selling two vehicle variants beginning Saturday, which will mark the first time the joint venture will release vehicles in Pakistan.
This is a positive development for Pakistan’s automobile market, which has been dominated by three Japanese automakers Indus Motors, Pak Suzuki Motors and Honda Atlas since the past three decades.
Hyundai-Nishat Motors is considering starting its operations with the sale of fully loaded sports utility vehicle (SUV)-Santa Fe.
Across the world, the Santa Fe is available in seven different models, however, as per officials the number of models Hyundai-Nishat Motors intends to introduce is not yet known, reports an English daily.
And the second variant to be unveiled includes Grand Starex, a 12-seat light commercial vehicle (LCV) for commuting purposes.
Both the models will be unveiled in Lahore on Saturday alongside Pakistan’s 1st digital store, which will include an innovative automotive retail concept, which will utilize immersive 3D technology to enhance customer buying experiences.
In an interview to a local publication earlier this month, Mr Mansha said hybrid vehicles were already here for trial testing and there was a reasonable demand for them and will be available for sale within the next two months.
Mr Mansha highlighted that technology was advancing rapidly in the automobile sector and in future mobility was being heralded to be fueled through hydrogen.
He shared Hyundai-Nishat plant is under construction and will likely commence production by the end of this year or start of 2020.
The business tycoon revealed Hyundai-Nishat venture the joint venture will roll out 7,000 cars at the start and increase it up to 30,000 cars in the forthcoming five years.