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Hyundai used to assemble cars in Pakistan until 2004, when their local partner Dewan Farooque Motors went bankrupt. [6] Hyundai Nishat Motor signed an investment agreement with the Ministry of Industries and Production under the Automotive Development Policy 2016-21. [7] [8] Hyundai Nishat Motor launched Elantra sedan in March 2021. [9]
The Elantra competed with the likes of the Ford Sierra and Vauxhall Cavalier/Opel Vectra, but at a considerably lower price. The Elantra was powered by a Mitsubishi-designed 1.6 L (1595 cc) straight-four. This DOHC 16-valve 1.6 L unit produced 113 PS (83 kW) at 6000 rpm and could push the Elantra to 60 mph (97 km/h) in 9.5 seconds. The quarter ...
In 2016, Renault announced to start assembling cars in Pakistan by 2018 in collaboration with Ghandhara Nissan, [8] [9] and collaborated with new partner Al-Futtaim Group of United Arab Emirates (UAE) but shelved the project later on. [10] [11]
New car prices have been falling for most of 2023, with the average new car selling for $47,936 in October, Kelley Blue Book reported. Overall, new car prices are down 1.4% since October 2022 and ...
Pricing is out for the entire Elantra lineup, with the nonhybrid starting at $23K and the high-performance N at around $35K. Hyundai Slashes the Hybrid Elantra's Base Price by $1150 to $26,250 ...
It accounts for 7% of Pakistan's GDP and employed a workforce of over 6.8 million people as of 2024. Pakistan is the 15th largest producer of automobiles. Its contribution to the national exchequer is nearly US$5.4 billion. Pakistan's auto market is among the fastest growing in Asia. 384,000 cars were sold in 2023. In the 1990s and early 2000s ...
WASHINGTON (Reuters) -The Justice Department late on Wednesday asked a U.S. appeals court to reject an emergency bid by TikTok to temporarily block a law that would require its Chinese parent ...
United Auto is now engaged in manufacturing of loaders, scooters, rickshaws and bikes in Pakistan. It has a joint venture with a Chinese automaker to produce these two new vehicles for the Pakistani market. [2]