Hyundai to Increase Production Capacity by 100% in Q1 2021
A recent news report has revealed that Hyundai Nishat is planning to scale up its production by 100 percent within the first quarter of the calendar year 2021. In a statement issued by Hyundai-Nishat Motor (Pvt) Ltd., CEO Hassan Mansha, said that the company will adopt a double-shift schedule in order to further its production capacity in the new year.
Credits: profit.pakistantoday.com
“This will ensure that Hyundai-Nishat continues to play its part by creating further employment opportunities as network and capacity are expanded,” Mansha said in his statement. He added that this company also seeks to put an end to the delays to minimize the delivery times in order to better accommodate the rising demand for its vehicles.
Hyundai Starts Assembly of Elantra in Pakistan, Launch Imminent propakistani.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from propakistani.pk Daily Mail and Mail on Sunday newspapers.
Car sales jump 40pc in November
Business
December 12, 2020
KARACHI: Car sales in November rose 40 percent from the same month a year earlier, industry data showed on Friday, as lower interest rates and pickup in the economic activity helped the automobile sector recover losses.
Sales in November jumped to 11,914 units, showed data from the Pakistan Automotive Manufacturers Association (PAMA). Car sales stood at 8,524 units during the corresponding period last year. However, the sales remained lower, compared with 11,997 units sold in October 2020.
November data showed jeeps, tractors, three-wheelers and motorcycles have also shown an increase in their sales.
Syed Fawad Basir, an analyst at Topline Securities, said the market expects the car demand to grow further, owing to low interest rates and pickup in the economic activity amid pandemic.
Car sales grow 48% in November 2020 | The Express Tribune tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.