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Hyundai, Al-Haj to assemble vehicles in Pakistan

Updated May 19, 2017 07:36am

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KARACHI: Hyundai of South Korea has joined hands with Al-Haj Group to introduce top-of-the-line heavy commercial vehicles (HCV) through a technology transfer contract (TTC) under the subsidiary of Al-Haj Hyundai Ltd.

Al-Haj Hyundai will initially introduce a heavy duty truck Xcient, Universe Luxury buses and Mighty medium and light duty trucks. Later on, Al-Haj Hyundai also plans to introduce other products of Hyundai in cargo and passenger-handling segments.

The China-Pakistan Economic Corridor (CPEC) has the potential to facilitate up to four per cent of global trade by 2020.

It will accelerate economic growth through the development of a 21st century Maritime Silk Road, encompassing a modern trade and infrastructure network.

Addressing a press conference on Thursday, Al-Haj Hyundai CEO Bilal Khan Afridi said the joint venture will create employment opportunities. He added that the first phase of investment in the plant will involve approximately Rs1.5 billion.

Published in Dawn, May 19th, 2017

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Comments (10) Closed



Pak PATRIOT May 19, 2017 07:59am

After assembly and transfer of technology, Pakistan should start local manufacture. Plant should be set up in KP, this will allow for exports as well, through CPEC route.

ADNAN KHAN May 19, 2017 08:23am

Go Pakistan Go!, its time to accelerate the pace of CPEC.

Little May 19, 2017 10:24am

When will we establish our own Automobile industry in Pakistan.....

Umar May 19, 2017 11:17am

Great

Muhammad May 19, 2017 02:02pm

@Little "When will we establish our own Automobile industry in Pakistan....." had ZAB not nationalized the industry Pakistan would have been leading in manufacturing sector especially automobile industry please spare sometime to read about the massive industrial growth in 60s especially in Ayub era

Princess_of_DHUMP May 19, 2017 02:20pm

@Pak PATRIOT Why not in Gwadar? The start of the CPEC route

Houlbelat May 19, 2017 03:04pm

@Pak PATRIOT: How can you start local manufacture of heavy duty and other trucks when Steel Mills is not being allowed to work?

For afghan May 19, 2017 03:44pm

@Little Even country like Australia does not have their own automobile industry, at least we should feel happy that Hyundai is coming

SAK May 19, 2017 04:27pm

@Muhammad God bless Bhutto and PPP for destroying Pakistani Industries. It is all about jagir dar running the country.

Houlbelat May 19, 2017 04:28pm

@ADNAN KHAN: Go x Go rhymes with negativity and should be discarded for anything progressive.