Hinopak Motors

{{Infobox company

| name = Hinopak Motors Limited

| logo = Hinopak Motors Logo.png

| type = Public

| traded_as = {{karse|HINO}}

| foundation = {{start date and age|1985}}

| location = Karachi, Pakistan

| key_people = Yoshihiko Nanami (CEO)

| industry = Automotive

| products = Trucks and buses

| area_served = Pakistan

| revenue = {{Increase}} {{PKRConvert|13.185|b}}

| revenue_year = 2023

| operating_income = {{decrease}} {{PKRConvert|516.547|m}}

| income_year = 2023

| net_income = {{decrease}} {{PKRConvert|16.033|m}}

| net_income_year = 2023

| assets = {{decrease}} {{PKRConvert|9.138|b}}

| assets_year = 2023

| equity = {{increase}} {{PKRConvert|5.154|b}}

| equity_year = 2023

| num_employees = 763

| num_employees_year = 2023

| owner = Hino Motors (59.66%)
Toyota Tsusho (29.80%)

| parent = Hino Motors

| website = {{url|hinopak.com}}

| footnotes = Financials {{as of|2023|3|31|lc=y}} {{cite web|title=Hinopak Motors Annual Report 2023|url=https://financials.psx.com.pk/lib/DownloadPDF.php?id=211578 |access-date=24 May 2024}}

}}

Hinopak Motors is a Pakistani truck and bus assembler based in Karachi. It is a subsidiary of Hino Motors.{{cite news|title=Corporate results: Hinopak Motors profit rises to Rs381m|url=http://tribune.com.pk/story/925360/corporate-results-hinopak-motors-profit-rises-to-rs381m/|access-date=30 June 2016|agency=The Express Tribune}} Its assembly plant is located at S.I.T.E Industrial Area.{{cite news|title=Results: Hinopak switches to profit from loss|url=http://tribune.com.pk/story/108651/results-hinopak-switches-to-profit-from-loss/|access-date=30 June 2016|agency=The Express Tribune}}

It is listed on the Pakistan Stock Exchange.

History

Hinopak was formed in 1985 by Hino Motors, Toyota Tsusho, Al-Futtaim Group and Pakistan Automobile Corporation.{{Cite web|url=https://www.brecorder.com/news/40231648|title=The Landscape of the Auto Industry in Pakistan|date=March 16, 2023|website=Brecorder}} In 1988, it was listed on the Karachi Stock Exchange.{{Cite web|url=http://www.brecorder.com/news/3275686|title=Automobile Assembler: HINOPAK MOTORS LIMITED - Year Ended December 31 2005|date=May 6, 2006|website=Brecorder}}

In 1998, Hino Motors, and Toyota Tsusho Corporation obtained majority shareholding in the company after disinvestments by the other two founding investors.{{cite web|title=compinfo|url=http://www.hinopak.com/compinfo.htm|archive-url=https://web.archive.org/web/20120531235835/http://hinopak.com/compinfo.htm|url-status=dead|archive-date=May 31, 2012|website=hinopak.com}} Hinopak Motors has a 70% market share in Pakistan, and gained its highest-ever after-tax profit in FY~2018-19.{{cite news|title=Turnaround in Hinopak|url=http://www.dawn.com/news/1123062|access-date=30 June 2016|agency=Dawn}}{{cite news|title=On the right road: Hinopak Motors driving away with huge profits|url=http://tribune.com.pk/story/662584/on-the-right-road-hinopak-motors-driving-away-with-huge-profits/|access-date=30 June 2016|agency=The Express Tribune}}{{cite news|title=Market watch: Index suffers from Monday blues|url=http://tribune.com.pk/story/935786/market-watch-index-suffers-from-monday-blues/|access-date=30 June 2016|agency=The Express Tribune}}

Operations in Pakistan

In 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.{{Cite web |last=Content |first=Sponsored |date=2022-10-13 |title=Hinopak Motors signs solar power purchase agreement with Yellow Door Energy |url=https://www.brecorder.com/news/40202908 |access-date=2023-03-13 |website=Brecorder |language=en}}

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.{{Cite web |last=Research |first=B. R. |date=2021-02-23 |title=Hinopak Motors Limited |url=https://www.brecorder.com/news/40066788 |access-date=2023-03-13 |website=Brecorder |language=en}}

Products

=Buses=

Hino Skyliner
Hino Starliner
Hino Superliner
Hino Kazay
RN8JSKA (Bus chassis)
AK8J (Bus chassis)

=Trucks=

==300 series/Hino Dutro==

==500 series/Hino Ranger==

==Prime movers==

CSR

HinoPak Motors manages a school under the Pakistan Corporate Social Responsibility Program.{{cite news|title=Over 150 students help make their school more colourful|url=http://tribune.com.pk/story/991608/over-150-students-help-make-their-school-more-colourful/|access-date=30 June 2016|agency=The Express Tribune}}

References

External links

[http://www.hinopak.com/ Official Hinopak Motors Limited website] {{Webarchive|url=https://web.archive.org/web/20101120230635/http://www.hinopak.com/ |date=2010-11-20 }}

Category:Hino Motors

Category:Bus manufacturers of Pakistan

Category:Truck manufacturers of Pakistan

Category:Manufacturing companies based in Karachi

Category:Vehicle manufacturing companies established in 1985

Category:Pakistani companies established in 1985

Category:1980s initial public offerings

Category:Toyota brands and marques

Category:Pakistani subsidiaries of foreign companies

Category:Companies listed on the Pakistan Stock Exchange