Movingtrend – Thursday November 16, 2017
The recent topic in the automobile industry of Pakistan is about the new teaser of cars on Hyundai and Nishat website. This teaser has created a lot curiosity in car industry and speculation has developed about this joint venture. The teaser is displayed the four new cars in it, with the prominent headline Coming Soon.
Speculation: Hyundai and Nishat Joint Venture
The Nishat Group is one of the big firms of Pakistan, and in 2012 it has planned to enter in vehicle industry. Hyundai contacted to Nishat Group to begin a joint venture to present the Hyundai Vehicles in Pakistan.
This joint venture is pointing towards the automobile which gives the buyers and idea about Hyundai Hybrid Vehicle. The cars which are shown in Tease are assembled and launched in Pakistan by the Nishat Group.
Four cars are displayed in Teaser.
All the hybrids cars which are available in Pakistan are Japanese imported and reconditioned cars. If this joint venture launched the cars, then it will be the first time in Pakistan that the hybrid cars locally manufactured. Hybrid cars are more fuel efficient.
The most famous used SUVs are manufactured by the Toyota, Honda and Suzuki, and in teaser the two SUVs are also displayed. And in future it is expected to be tough competition.
If the Nishat Group keeps the prices low of cars then it will give significant competition to their competitors like Toyota, Honda and Suzuki that are cheap in prices but are not up to the imported vehicles quality standards. Sedan is the hardest market to pierce in it due to well-known by its models of Toyota Corrolla and Honda Civic.
There is no official statement has been given by the Nishat Group and Hyundai, these are the speculations about the Joint venture. We have to wait for official announcement about the uploaded teaser on Nishat-Hyundai website.
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