AGL 38.69 Increased By ▲ 0.13 (0.34%)
AIRLINK 214.20 Increased By ▲ 6.43 (3.09%)
BOP 10.08 Increased By ▲ 0.02 (0.2%)
CNERGY 6.74 Decreased By ▼ -0.34 (-4.8%)
DCL 9.70 Decreased By ▼ -0.29 (-2.9%)
DFML 40.70 Decreased By ▼ -0.44 (-1.07%)
DGKC 100.66 Decreased By ▼ -2.80 (-2.71%)
FCCL 36.09 Decreased By ▼ -0.26 (-0.72%)
FFBL 88.20 Decreased By ▼ -3.39 (-3.7%)
FFL 14.30 Decreased By ▼ -0.30 (-2.05%)
HUBC 136.81 Decreased By ▼ -2.62 (-1.88%)
HUMNL 14.08 Decreased By ▼ -0.02 (-0.14%)
KEL 5.83 Decreased By ▼ -0.14 (-2.35%)
KOSM 7.37 Decreased By ▼ -0.49 (-6.23%)
MLCF 46.50 Decreased By ▼ -0.78 (-1.65%)
NBP 66.38 Decreased By ▼ -7.38 (-10.01%)
OGDC 223.50 Increased By ▲ 0.84 (0.38%)
PAEL 38.75 Increased By ▲ 0.64 (1.68%)
PIBTL 9.04 Decreased By ▼ -0.23 (-2.48%)
PPL 201.40 Decreased By ▼ -4.45 (-2.16%)
PRL 40.90 Increased By ▲ 1.05 (2.63%)
PTC 26.10 Decreased By ▼ -0.52 (-1.95%)
SEARL 105.85 Decreased By ▼ -4.39 (-3.98%)
TELE 9.25 Increased By ▲ 0.02 (0.22%)
TOMCL 37.80 Decreased By ▼ -0.41 (-1.07%)
TPLP 14.40 Increased By ▲ 0.63 (4.58%)
TREET 26.06 Decreased By ▼ -0.39 (-1.47%)
TRG 59.52 Decreased By ▼ -1.02 (-1.68%)
UNITY 33.90 Decreased By ▼ -0.24 (-0.7%)
WTL 1.78 Decreased By ▼ -0.10 (-5.32%)
BR100 12,155 Decreased By -143.8 (-1.17%)
BR30 38,217 Decreased By -660.9 (-1.7%)
KSE100 113,140 Decreased By -1720.3 (-1.5%)
KSE30 35,628 Decreased By -568 (-1.57%)
Business & Finance

Hyundai to start local assembly of Santa Fe SUV

  • The Korean automaker Hyundai is planning to commence the local assembly of the Santa Fe.
  • The vehicle is already on sale in Pakistan as a CBU in only one trim-level, i.e. the GLS.
Published May 11, 2021

As the SUV market in Pakistan continues to grow, more competitive manufacturers like Hyundai are stepping up their production game.

With several foreign SUVs making their way into the Pakistani auto market, the SUV segment has abruptly emerged to be a popular one among local car buyers. That is why Hyundai will be locally manufacturing Santa Fe to better contend in the local market.

According to local media reports, the Korean automaker Hyundai is planning to commence the local assembly of the Santa Fe. The vehicle is already on sale in Pakistan as a CBU in only one trim-level, i.e. the GLS.

The Santa Fe is a mid-size 7-seating crossover SUV. The variant currently available in Pakistan has a 2.4-liter, naturally aspirated 4-cylinder petrol engine that makes 170 hp and 225 Nm of torque. All this power is sent to all four wheels via a 6-speed automatic gearbox.

The car contends in the market with KIA’s Sorento and Toyota’s Fortuner. A month ago Hyundai Nishat reduced the price of the Santa Fe from Rs. 18.5 million to Rs. 13.5 million. Despite the five million rupees price cut, Toyota’s Fortuner is still a few million rupees cheaper.

By switching to local manufacturing, Hyundai will not only be able to further reduce the price of Santa Fe, but it will also be able to offer more of its variants in Pakistan at a much lower price. This will definitely give it an edge over KIA and Toyota.

Although details of when the assembly line will be set up are not known, it is speculated that the launch will take place before the end of 2022.

Comments

Comments are closed.