Lahore – July 26, 2024 – Hyundai Nishat Motor (Pvt) Ltd (HNMPL) signed a Memorandum of Understanding (MOU) today at the Nishat Hotel.
The agreement focuses on exporting TM Body in Paint (BIP) and outer painted parts, aiming to meet export targets and enhance economic cooperation. Specifically, the export will include SANTA FE HEV BIP and outer auto parts. This collaboration will support production lines that lack a Body and Paint facility.
In compliance with regulatory requirements, this initiative underscores the commitment to strengthen bilateral relations and foster industrial development.
Mr. Hassan Mansha, CEO of HNMPL, said, “We are committed to expanding Hyundai’s footprint and aligning with governmental policies. This partnership represents a significant opportunity for collaboration, reinforcing our dedication to sustainability and fostering local industry growth.”
This MOU signifies a step forward in enhancing business activities and mutual benefits, based on strong existing relations within the automotive industry.
About Hyundai Nishat Motor (Private) Limited (HNMPL):
Hyundai Nishat Motor (Private) Limited (HNMPL) is dedicated to driving the progress of Pakistan and its economy. By providing a diverse range of automotive options and maintaining high standards of excellence, HNMPL aims to become Pakistan’s most trusted and valued automobile brand. The company’s commitment extends beyond business growth to fostering sustainable development and contributing to the nation’s overall economic well-being.