The owner of a Hyundai Nishat wants to import car parts from India

The owner of a Hyundai Nishat wants to import car parts from India

The depreciation of the local currency raised freight expenses, and rising raw material costs forced automakers to raise their vehicle pricing. A solution to this problem may have been provided by one of the automobile groups.

Mian Mohammed Mansha, the owner of Hyundai Nishat Motors Private Limited (HNMPL), claimed in an interview with The Indian Express that importing auto components from India might benefit the Pakistani car sector.

He stated that:

I’m a businessperson. That is why I argue that if something is cheaper in India, why should I buy it elsewhere? The expense of transportation is lower (from India). We have a wide range of items to choose from. We (the Nishat Group) manufacture Hyundai automobiles. Hyundai is a huge company in India. We could get some parts from India for less money than we could get them from China, for example. You also do a great deal of business with China. Your imports from China are massive, and if you look at it closely, you also have territorial disputes with China.
In August 2019, Pakistan banned commerce with India after India’s decision to repeal the legislation that awarded occupied Kashmir special status. “I think we need to move forward on the Kashmir problem,” Mansha said. “We may take little moves.” “I believe we should reduce the temperature.”

Hyundai in India

Hyundai is one of India’s leading automotive firms, producing a wide range of wholly indigenous automobiles. In India, the firm has three production units with a combined capacity of 740,000 automobiles per year.

Hyundai Tucson is now the sole passenger car shared by both Hyundai Motor India and HNMPL. Hyundai Tucson prices in India start at INR 2.27 million (5.47 million PKR) and go up to INR 2.74 million (6.6 million PKR). Although the Tucson costs less in Pakistan than it does in India, the latter offers more variations, each with greater features.

Pakistani Auto Policy

Pakistan’s most recent car policy pushes automakers to gravitate toward local vehicle production. It aspires to build a totally indigenous automobile sector, similar to that of India, in order to cut import costs and strengthen the domestic industry.

To carry out local assembly of their cars, automakers continue to rely on Completely Knocked Down (CKD) kits supplied from overseas. This type of business strategy is more vulnerable to logistics costs and volatile local currencies.

HNMPL appears to be unwilling to pursue indigenous automobile manufacture in Pakistan, based on its owner’s recent statements.

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