Waseem-ul-Haq Ansari ([[CEO]])"},"parent":{"wt":"[[Yousuf Dewan Companies]]"},"industry":{"wt":"[[Automotive industry|Automotive]]"},"products":{"wt":"[[Automobile]]s"},"area_served":{"wt":"[[Pakistan]]"},"assets":{"wt":"{{decrease}}{{PKRConvert|2.879|b}}"},"assets_year":{"wt":"2023"},"equity":{"wt":"{{decrease}}{{PKRConvert|−3.242|b}}"},"equity_year":{"wt":"2023"},"revenue":{"wt":"{{decrease}}{{PKRConvert|0.212|m}}"},"revenue_year":{"wt":"2023"},"operating_income":{"wt":"{{decrease}}{{PKRConvert|−181.513|m}}"},"income_year":{"wt":"2023"},"net_income":{"wt":"{{decrease}}{{PKRConvert|−230.805|m}}"},"net_income_year":{"wt":"2023"},"owner":{"wt":"[[Dewan Yousuf Farooqui]] (45.71%)
Dewan Sugar Mills (9.84%)"},"num_employees":{"wt":"44"},"num_employees_year":{"wt":"2023"},"website":{"wt":"{{URL|http://www.yousufdewan.com/DFML/index.html}}"},"footnotes":{"wt":"Financials{{as of|2023|6|30|lc=y}}{{cite web|title=Dewan Farooque Motors Annual Report 2023|url=https://financials.psx.com.pk/lib/DownloadPDF.php?id=217420 |access-date=23 September 2024}}"}},"i":0}}]}" id="mwAg">.mw-parser-output .infobox-subbox{padding:0;border:none;margin:-3px;width:auto;min-width:100%;font-size:100%;clear:none;float:none;background-color:transparent}.mw-parser-output .infobox-3cols-child{margin:auto}.mw-parser-output .infobox .navbar{font-size:100%}@media screen{html.skin-theme-clientpref-night .mw-parser-output .infobox-full-data:not(.notheme)>div:not(.notheme)[style]{background:#1f1f23!important;color:#f8f9fa}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .infobox-full-data:not(.notheme) div:not(.notheme){background:#1f1f23!important;color:#f8f9fa}}@media(min-width:640px){body.skin--responsive .mw-parser-output .infobox-table{display:table!important}body.skin--responsive .mw-parser-output .infobox-table>caption{display:table-caption!important}body.skin--responsive .mw-parser-output .infobox-table>tbody{display:table-row-group}body.skin--responsive .mw-parser-output .infobox-table tr{display:table-row!important}body.skin--responsive .mw-parser-output .infobox-table th,body.skin--responsive .mw-parser-output .infobox-table td{padding-left:inherit;padding-right:inherit}}
![]() | |
Company type | Public |
---|---|
PSX: DFML | |
Industry | Automotive |
Founded | December 28, 1998 |
Headquarters | Karachi, Pakistan |
Area served | Pakistan |
Key people | Haroon Iqbal (Chairman) Waseem-ul-Haq Ansari (CEO) |
Products | Automobiles |
Revenue | ![]() |
![]() | |
![]() | |
Total assets | ![]() |
Total equity | ![]() |
Owner | Dewan Yousuf Farooqui (45.71%) Dewan Sugar Mills (9.84%) |
Number of employees | 44 (2023) |
Parent | Yousuf Dewan Companies |
Website | www |
Footnotes /references Financials as of 30 June 2023 [update] [1] |
Dewan Farooque Motors Limited (Urdu : دیوان فاروق موٹرز) is a Pakistani automobile importer and manufacturer based in Karachi.
Dewan Farooque Motors Company Limited was incorporated in December 1998 by Dewan Yousuf Farooqui to assemble Hyundai and Kia vehicles in Pakistan. [2] This followed an earlier introduction of Kia cars in 1994 by Naya Daur Motors, which reportedly collected around Rs 800 million in booking fees from approximately 16,000 customers but delivered only a limited number of vehicles before its collapse. [2]
Dewan Farooque Motors established a manufacturing facility in Sujawal, Sindh, at a cost of PKR 1.8 billion. [2] Completed in about seven months, it was among the first automotive plants in the country to employ robotic paint systems. [2] Between 2000 and 2011, Dewan Farooque Motors produced 95,429 vehicles, including Kia Spectra, Kia Sportage, Hyundai Santro models, and 50,000 Shehzore trucks. [2] [3] In 2009, automobile production stopped. After a gap of three years, Dewan Farooque Motors produced a few hundred cars in fiscal year 2014 and 2015 based on its old inventory. Dewan Farooque Motors in October 2016 announced that the company would start assembling vehicles in 2017 again. [4]
In 2016, Dewan Farooque agreed to resume production of vehicles of Indian multinational Mahindra & Mahindra's South Korea based subsidiary SsangYong, as Daehan-Dewan [5] [6] at its assembly plant in Sujawal.
On 19 January 2018, Dewan Farooque Motors announced it has received approval for its Brownfield plant from the Engineering Development Board and is expected to resume vehicle production from February 2018. On February 25, 2018 Dewan launched a cargo pickup truck under the popular Shehzore nameplate in collaboration with Daehan Motors (Vietnam). [7]
In May 2024, Dewan Farooque announced plans to launch a cargo pickup truck under the popular Shehzore nameplate in collaboration with Kia Motor Corporation. [8]
In 2024, Dewan Farooque Motors unveiled their plans of producing electric cars in collaboration with Eco-Green Motors Limited. The company announced that they will begin the production of EGML’s Honri-Ve (200KM and 300KM range) in August 2024 [9]
Hyundai Motor Company, often referred to as Hyundai Motors, and commonly known as Hyundai, is a South Korean multinational automotive manufacturer headquartered in Seoul, South Korea, which was founded in 1967. Currently, the company owns 33.88 percent of Kia Corporation, and fully owns two marques including its luxury cars subsidiary, Genesis, and their electric vehicle brand Ioniq. The three brands altogether make up the Hyundai Motor Group.
Kia Corporation is a South Korean multinational automobile manufacturer headquartered in Seoul, South Korea. It is South Korea's second largest automobile manufacturer, after its parent company, Hyundai Motor Company, with sales of over 2.8 million vehicles in 2019. As of 2015, Kia is owned by Hyundai, which holds a 33.88% stake valued at just over US$6 billion. Kia in turn is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% up to 45.37%, totaling more than US$8.3 billion.
The Hyundai Porter, also known as the Hyundai H-100, is a cabover Pickup truck produced by the South Korean manufacturer Hyundai since 1977.
The automotive industry in India is the world's fourth-largest by production and valuation as per 2022 statistics. As of 2023, India is the 3rd largest automobile market in the world in terms of sales.
Dewan Group, also known as Yousuf Dewan Companies (YDC) (Urdu: یوسف دیوان کمپنیز) is a group of companies headquartered in Karachi.
Ghandhara Automobiles Limited formerly known as Ghandhara Nissan, is a Pakistani automobile manufacturer based in Karachi.
Ghandhara Industries Limited (GIL), formerly known as National Motors Limited, doing business as Isuzu Pakistan, is a Pakistani truck and buses assembler based in Karachi. It is the authorized assembler of Isuzu vehicles in Pakistan.
Mahindra & Mahindra is an Indian automobile manufacturing company headquartered in Mumbai, Maharashtra. It was established in 1945 as Mahindra & Mohammed and later renamed Mahindra & Mahindra. Part of the Mahindra Group, M&M is one of the largest vehicle manufacturers by production in India. Its unit, Mahindra Tractors, is the largest manufacturer of tractors in the world by volume. It was ranked 17th on a list of top companies in India by Fortune India 500 in 2018. Its major competitors in the Indian vehicular market include Maruti Suzuki India and Tata Motors. Dr. Anish Shah is the current CEO and Managing Director of Mahindra & Mahindra.
Ford India Private Limited was a subsidiary of Ford Motor Company for its operations in India. Ford India Private Limited's headquarter were located in Sholinganallur, Chennai, Tamil Nadu. Ford also had operated integrated manufacturing facilities in Sanand, Gujarat. On September 9, 2021, Ford exited the Indian market as it failed to keep up with the competition, and other global economic factors had led to reduction in demand. On 8 August 2022, Ford announced it would be selling its manufacturing plant in the western state of Gujarat for INR 7.26 billion to Tata Motors. Since 2021, Ford India has focused on the businesses of supporting a service network, import and distribution of automotive parts, and the sale of extended warranties.
The 2008–2010 automotive industry crisis formed part of the 2007–2008 financial crisis and the resulting Great Recession. The crisis affected European and Asian automobile manufacturers, but it was primarily felt in the American automobile manufacturing industry. The downturn also affected Canada by virtue of the Automotive Products Trade Agreement.
The automotive industry in Pakistan is one of fastest-growing industries in the country, growing by 171% between 2014 and 2018. It accounts for 7% of Pakistan's GDP and employed a workforce of over 6.8 million people as of 2024. Pakistan is the 15th largest producer of automobiles. Its contribution to the national exchequer is nearly US$5.4 billion. Pakistan's auto market is among the fastest growing in Asia. 384,000 cars were sold in 2023. In the 1990s and early 2000s, Pakistan had many Japanese cars. With the launch of the first Auto Policy in 2005, Pakistan launched its first indigenous car, Adam Revo. However, after the 2008 elections, the dollar started depreciating, and due to bad governance, many automakers began to halt production, with some exiting Pakistan. Currently, the auto market is dominated by Honda, Toyota, Hyundai, Kia and Suzuki. However, on 19 March 2016, Pakistan passed a second "Auto Policy 2016-21," which offers tax incentives to new automakers to establish manufacturing plants in the country. In response, Renault, Nissan, Proton Holdings, Kia, SsangYong, Volkswagen, FAW, and Hyundai have expressed interest in entering the Pakistani market. MG JW Automobile Pakistan has signed a memorandum of understanding (MoU) with Morris Garages (MG) Motor UK Limited, owned by SAIC Motor, to bring electric vehicles to Pakistan. NLC signed an agreement with Mercedes-Benz to manufacture Mercedes Actros trucks in Pakistan. On 8 July 2021, Jolta Electric launched the production of electric motorcycles.
Hyundai Motor India Limited (HMIL) is the Indian subsidiary of the South Korean automobile manufacturer Hyundai Motor Company. It is the second largest car manufacturer in India.
Pragoti Industries Limited (PIL) is a Bangladeshi car assembling and car parts manufacturing company headquartered in Chittagong with a manufacturing plant in Barabkunda. Founded in 1966, it is the country's largest car assembling plant and it has assembled and marketed more than 50,000 vehicles such as cars, SUVs, buses, trucks, pickups, ambulances, tractors of multiple models by importing CKD kits from overseas.
This article provides an overview of the automotive industry in countries around the world.
The automotive industry in South Korea is the fifth-largest in the world as measured by automobile unit production and also the five-largest by automobile export volume.
Hyundai Motor America, doing business as Hyundai Motor North America is the operating subsidiary that oversees all operations of Hyundai Motor Company in Canada, Mexico, and the United States. Along with Hyundai's USA manufacturing plant in Montgomery, Alabama called Hyundai Motor Manufacturing Alabama, Hyundai has total of 19 manufacturing plants globally. Its operations include research and development, manufacturing, sales, marketing, after sales and corporate functions, which are controlled by HMA but sometimes executed by other subsidiaries and holding companies. The company is headquartered in Fountain Valley, California.
Hyundai Nishat Motors is a Pakistani automobile manufacturer based in Lahore. It is part of Nishat Group.
The automotive industry in the Philippines is one of the largest in the Asia-Pacific region, with approximately 441.4 thousand vehicles sold in 2023. Most of the vehicles sold and built in the Philippines are from foreign brands. For the most part, the Philippines is dominated by Japanese automobile manufacturers like most of its ASEAN neighbors. The automobile production in the country is covered under the Philippine Motor Vehicle Development Program implemented by the Board of Investments. In addition, there are also a small number of independent firms who assemble and fabricate jeepneys and other similar vehicles, using surplus engines and drivetrain parts mostly from Japan.