 | |
| Company type | Public |
|---|---|
| PSX: HINO | |
| Industry | Automotive |
| Headquarters | Karachi, Pakistan |
Key people | Yoshihiko Nanami ( CEO) |
| Products | Automobiles |
| Website | Official website |
Hinopak Motors ( Urdu: ہینو پاک موٹر) is a Pakistani truck and bus manufacturer based in Karachi, Pakistan. It is the largest bus and truck manufacturer in Pakistan [1] and the authorized importer, assembler and manufacturer of Hino Motor Japan's commercial vehicles in the country since 1985 at its assembly plant at S.I.T.E Industrial Area. [2]
It is listed on the Pakistan Stock Exchange.
History
Hinopak was formed in 1985 by Hino Motors, Toyota Tsusho (a member of Toyota Group), Al-Futtaim Group and PACO. In 1998, Hino Motors, and Toyota Tsusho Corporation obtained majority shareholding in the company after disinvestments by the other two founding investors. [3] Hinopak Motors has a 70% market share in Pakistan, and gained its highest-ever after-tax profit in FY~2018-19. [4] [5] [6]
Operations in Pakistan
In 2021, HinoPak Motors signed a solar power purchase agreement with UAE-based solar energy company, Yellow Door Energy. The agreement aimed to reduce the company's reliance on grid power and offset approximately 15% of its energy consumption. Yellow Door Energy installed a 4.4 MW solar power system at HinoPak Motors' manufacturing plant in Karachi, which is expected to generate 6.8 million kWh of clean energy annually and reduce carbon emissions by approximately 5,200 tons per year. HinoPak Motors' sustainability efforts include reducing its carbon footprint and increasing energy efficiency. [7]
Later in 2021, HinoPak announced a profit of Rs. 358 million. This is a significant improvement compared to the previous year when the company reported a loss of Rs. 713 million. The positive results were attributed to increased sales volume and improved operational efficiency. [8]
Products
Buses
- Hino Skyliner
- Hino Starliner
- Hino Superliner
- Hino Kazay
- RN8JSKA (Bus chassis)
- AK8J (Bus chassis)
Trucks
300 series/Hino Dutro
500 series/Hino Ranger
Prime movers
CSR
HinoPak Motors manages a school under the Pakistan Corporate Social Responsibility Program. [9]
See also
References
- ^ "Corporate results: Hinopak Motors profit rises to Rs381m". The Express Tribune. Retrieved 30 June 2016.
- ^ "Results: Hinopak switches to profit from loss". The Express Tribune. Retrieved 30 June 2016.
- ^ "compinfo". hinopak.com.
- ^ "Turnaround in Hinopak". Dawn. Retrieved 30 June 2016.
- ^ "On the right road: Hinopak Motors driving away with huge profits". The Express Tribune. Retrieved 30 June 2016.
- ^ "Market watch: Index suffers from Monday blues". The Express Tribune. Retrieved 30 June 2016.
- ^ Content, Sponsored (2022-10-13). "Hinopak Motors signs solar power purchase agreement with Yellow Door Energy". Brecorder. Retrieved 2023-03-13.
- ^ Research, B. R. (2021-02-23). "Hinopak Motors Limited". Brecorder. Retrieved 2023-03-13.
- ^ "Over 150 students help make their school more colourful". The Express Tribune. Retrieved 30 June 2016.
External links
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- Hino Motors
- Bus manufacturers of Pakistan
- Truck manufacturers of Pakistan
- Manufacturing companies based in Karachi
- Vehicle manufacturing companies established in 1985
- Pakistani companies established in 1985
- Toyota brands and marques
- Pakistani subsidiaries of foreign companies
- Companies listed on the Pakistan Stock Exchange
- Motor vehicle company stubs
- Pakistani company stubs