Hinopak Motors
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Hinopak Motors is a Pakistani truck and bus assembler based in Karachi. It is a subsidiary of Hino Motors.[1] Its assembly plant is located 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, Al-Futtaim Group and Pakistan Automobile Corporation.[3] In 1988, it was listed on the Karachi Stock Exchange.[4]
In 1998, Hino Motors, and Toyota Tsusho Corporation obtained majority shareholding in the company after disinvestments by the other two founding investors.[5] Hinopak Motors has a 70% market share in Pakistan, and gained its highest-ever after-tax profit in FY~2018-19.[6][7][8]
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.[9]
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.[10]
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.[11]
See also
References
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External links
Template:Automotive industry in Pakistan Template:Hino vehicle range
- Pages with script errors
- 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
- 1980s initial public offerings
- Toyota brands and marques
- Pakistani subsidiaries of foreign companies
- Companies listed on the Pakistan Stock Exchange