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Hyundai decided to assemble vehicles in Pakistan

Karachi: Vehicles up to a South Korean company decided to introduce Honda heavy commercial vehicles through the sharing of technology transfer agreement with Pakistan Hajj Group (HCV).

These vehicles will be produced under the two subsidiaries Alhaj Hyundai limited companies.

Initially after the Hajj Hyundai  is intended to introduce a subsidiary of cargo and passenger handling products of heavy-duty truck sector 'Xcient', will introduce Universe luxury buses and heavy, medium and light duty trucks.

The Pak-China Economic Corridor Project (the pack) 2020 is capable of 4% growth in global trade.

Through the construction of the twenty-first President of the Maritime Silk Road, the pack will cause an increase in economic growth will also accelerate the pace of innovation in trade and infrastructure networks.

Thursday (May 18) for addressing a press conference Alhaj Hyundai Chief Executive Officer (CEO) Bilal Khan said the two companies will create a joint venture jobs.

He would be the first investment of nearly half a billion in the plant during the period.

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