Hinopak Motors (Urdu: ہینو پاک موٹر) is a Pakistani truck and bus assembler based in Karachi. It is a subsidiary of Hino Motors.[2] Its assembly plant is located at S.I.T.E Industrial Area.[3]
 | |
| Company type | Public |
|---|---|
| PSX: HINO | |
| Industry | Automotive |
| Founded | 1985 |
| Headquarters | Karachi, Pakistan |
Area served | Pakistan |
Key people | Yoshihiko Nanami (CEO) |
| Products | Trucks and buses |
| Revenue |  Rs. 13.185 billion (US$46 million) (2023) |
 Rs. 516.547 million (US$1.8 million) (2023) | |
| Rs. 16.033 million (US$56,000) (2023) | |
| Total assets | Rs. 9.138 billion (US$32 million) (2023) |
| Total equity | Rs. 5.154 billion (US$18 million) (2023) |
| Owner | Hino Motors (59.66%) Toyota Tsusho (29.80%) |
Number of employees | 763 (2023) |
| Parent | Hino Motors |
| Website | hinopak |
| Footnotes / references Financials as of 31 March 2023[update] [1] | |
It is listed on the Pakistan Stock Exchange.
History
editHinopak was formed in 1985 by Hino Motors, Toyota Tsusho, Al-Futtaim Group and Pakistan Automobile Corporation.[4] In 1988, it was listed on the Karachi Stock Exchange.[5]
In 1998, Hino Motors, and Toyota Tsusho Corporation obtained majority shareholding in the company after disinvestments by the other two founding investors.[6] Hinopak Motors has a 70% market share in Pakistan, and gained its highest-ever after-tax profit in FY~2018-19.[7][8][9]
Operations in Pakistan
editIn 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.[10]
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.[11]
Products
editBuses
edit- Hino Skyliner
- Hino Starliner
- Hino Superliner
- Hino Kazay
- RN8JSKA (Bus chassis)
- AK8J (Bus chassis)
Trucks
edit300 series/Hino Dutro
edit500 series/Hino Ranger
editPrime movers
editCSR
editHinoPak Motors manages a school under the Pakistan Corporate Social Responsibility Program.[12]
See also
editReferences
edit- ^ "Hinopak Motors Annual Report 2023". Retrieved 24 May 2024.
- ^ "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.
- ^ "The Landscape of the Auto Industry in Pakistan". Brecorder. March 16, 2023.
- ^ "Automobile Assembler: HINOPAK MOTORS LIMITED - Year Ended December 31 2005". Brecorder. May 6, 2006.
- ^ "compinfo". hinopak.com.[permanent dead link]
- ^ "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
edit- Official Hinopak Motors Limited website Archived 2010-11-20 at the Wayback Machine
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