- Hyundai Nishat Motors Private Ltd (HNMPL) will start local assembly of Porter H100 pickup with 20 per cent indigenisation from January next year, the company announced on Tuesday.
- HNMPL – a joint venture company between Nishat Group, Sojitz Corporation (Japan) and Millat Tractors Limited – is partnering with Hyundai Motor Company (Korea) to become a leading manufacturer, marketer and distributor of automobiles in the country.
- Talking about the uncertain rupee-dollar parity, he recalled that it has changed the project feasibility.