Dewan Motors and Hyundai sign MoU

Karachi: Dewan Farooque Motors Limited and Hyundai Motor Corporation signed an MOU for progressive manufacturing and distribution of Hyundai commercial vehicles in Pakistan on March 19, 2009. Hyundai-Kia Automotive Group is the worlds fifth largest automobile manufacturer. Dewan is representing Hyundai in Pakistan since 1998.

The CKD product line of Dewan currently includes the 1000 cc passenger car Hyundai Santro and Hyundai Shehzore pickup. The Hyundai Shehzore has remained the market leader in its segment for ten consecutive years since its launch in 1999. Hyundai is expanding its operations in Pakistan by entering into commercial vehicle market.

Dewan Mohammad Yousuf Farooque Chairman, Dewan Farooque Motors Limited and Hang Young Choi Vice Chairman, Hyundai Motor Company signed the MOU on behalf of their respective companies