Hyundai, the South Korean car makers, is hoping to join forces with Mian Masha’s Nishat Mills Limited to setup vehicle get together plant in Pakistan, said an organization declaration sent to Pakistan Stock Exchange.
Hyundai, 10 years back or somewhere in the vicinity, used to amass and offer cars in Pakistan through Dewan group. From that point forward, for quite a while now, it was searching for a nearby accomplice for a reentry in Pakistani market.
With this new improvement, it appears, Hyundai has found a neighborhood accomplice and soon an arrangement will be bolted.
Nishat Mills, while talking with Reuters, said that an update of comprehension has been marked between both the organizations. It said that Pakistan’s plant will gather both passenger and business cars.
Nishat Mills’ notice sent to PSX said that MoU with Hyundai Motor Company and Sojitz Corporation Tokyo, Japan is for arranging and building up a structure for setting up a green field extend for get together and offers of HMC passenger and 1 ton business vehicles in Pakistan