Feb 11 2017

It seems that the automotive development policy 2016-21 turned out to be fruitful as it is creating healthy competition which will lead to substantial benefits accruing to the end consumers

Hyundai Motor Company will set up a car assembly plant in Pakistan in a joint venture with Mian Mansha's textile firm Nishat Mills, according to a statement sent to Pakistan Stock Exchange (PSX) by Nishat Mills Limited

Hyundai and KIA were engaged in car assembling in Pakistan in the 1990s and early 2000s with collaboration of local partners Dewan Farooque Motors Limited (DFML).However, both Korean automakers suspended production in 2004 due to the bankruptcy of DFML