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New entrants in various segments of automotive industry in Pakistan

Mass production of Hyundai Porter H-100 pickup

Hyundai Nishat Motor (Private) Limited announced its mass production at the assembly plant in Faisalabad. With an annual production capacity of up to 15,000 units per annum in its initial phase, Hyundai’s manufacturing plant is now fully operational. The HNMPL plant is the new production home for Hyundai’s first ‘Make in Pakistan’ product, the Porter H-100 Pickup, with other exciting range of models to follow in near future. The new plant allows them to serve the transportation requirements of Pakistan’s market, with world class Hyundai’s product line that enjoys a strong legacy in the local market.

The Hyundai Porter H-100, is a famed product in the Hyundai brand portfolio. Its previous model known as Hyundai Shehzore has always been high in demand in its segment. It is a three-seater light commercial vehicle with a 1-ton payload capacity. The pick-up is powered by the upgraded powerful new 2.6L diesel Euro-II engine along with a 5-Speed manual transmission. It provides exemplary utility to commercial loading needs in its class and is a trusted business partner for commercial loaders and corporates usage.

Hyundai Nishat –top banks offering special car financing facilities

Hyundai Nishat Motor (Private) Limited has recently collaborated with the country’s 3 leading commercial banks to provide flexible and affordable vehicle financing/Ijarah solutions to its customers of commercial category. MCB Bank, Bank of Punjab and Meezan Bank have set forth a platform for both individual and fleet customers of Hyundai to meet their financing needs on preferential terms. The offer is available on Hyundai Porter H-100 Pickup and Hyundai Grand Starex MPV. The aim of the partnership is to bring the best mark-up/profit rates to their mutual customers with flexible repayment options. The company has also arranged lowest possible insurance rates from leading insurance companies in the market which collectively makes up an ideal solution for potential buyers of Hyundai.

 

Premval launches golden dragon navigator for high-end bus market

PREMVAL (Private) Limited (a subsidiary of VPL Limited) has launched Golden Dragon Navigator series for Pakistan’s high-end bus market through a series of country wide events. Golden Dragon ranks among the top players in China’s transportation industry, specialized in developing, manufacturing and selling medium & large sized luxury buses and light vans. PREMVAL is the exclusive distributor of Golden Dragon in Pakistan.

A new toyota fortuner

Toyota Indus Motor Company (IMC) launched a new variant of its compact SUV Fortuner named Fortuner G 2.7-litre on January 1st of 2020. The Japanese auto manufacturer welcomed the new year with a new version of Fortuner in the local market. It is said to be equipped with a 2.7-liter engine mated to a 6-speed sequential transmission with paddle shifters. The price of Fortuner G is PKR 7,299,000, which is comparatively less than the existing two variants available in the market. Currently, Fortuner is available in two variants as follows:

  • Fortuner 2.7 VVTi (Petrol) PKR 7,999,000/-
  • Fortuner 2.8 Sigma 4 (Diesel) PKR 8,649,000/-

There are many different features in this car that include:

  • Smart-Entry with Push Start
  • Dual Air-conditioner (Front & Rear)
  • Cruise Control
  • 3rd Row Seats
  • Safety Airbags
  • 6-Speed Sequential Transmission with Paddle Shifters
The writer is a Karachi based freelance columnist and is a banker by profession. He could be reached on Twitter @ReluctantAhsan

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