In what could be a significant development for Pakistan’s automotive sector, Hinopak Motors Ltd is set to gain a German parent company, which would be the first time any Pakistani publicly listed automotive company has had a German parent company ever.
This follows the confirmed merger of Japan’s Hino Motors Ltd and Mitsubishi Fuso Truck and Bus Corporation (MFTBC) into a new joint venture backed equally by Toyota Motor Corporation and Germany’s Daimler Truck. The move will create a unified Asian commercial vehicle powerhouse, and for Hinopak, it will mark a transformative new chapter.
The newly formed joint venture, which will house both Hino and Fuso brands under a single corporate entity, will serve as the parent company of Hinopak Motors. It will represent the first time a major German automaker — in this case, Daimler Truck — will have an indirect controlling stake in a Pakistani automotive manufacturing company.
This strategic consolidation aims to pool resources in the face of evolving emissions standards, electrification, and global supply chain challenges. For Pakistan, the ripple effects are expected to be significant: access to broader technology platforms, integration into a more diverse supply chain, and a higher profile in international automotive circles.
Below, we explore the background and implications of this groundbreaking merger, and the legacy of the companies that form its foundation. The content in this publication is expensive to produce. But unlike other journalistic outfits, business publications have to cover the very organizations that directly give them advertisements. Hence, this large source of revenue, which is the lifeblood of other media houses, is severely compromised on account of Profit’s no-compromise policy when it comes to our reporting. No wonder, Profit has lost multiple ad deals, worth tens of millions of rupees, due to stories that held big businesses to account. Hence, for our work to continue unfettered, it must be supported by discerning readers who know the value of quality business journalism, not just for the economy but for the society as a whole.To read the full article, subscribe and support independent business journalism in Pakistan
