Hinopak Motors (Urdu: ہینو پاک موٹر) is a Pakistani truck and bus manufacturer based in Karachi, Pakistan. It is the largest bus and truck manufacturer in Pakistan[1] and the authorized importer, assembler and manufacturer of Hino Motor Japan's commercial vehicles in the country since 1985 at its assembly plant at S.I.T.E Industrial Area.[2]
History
Hinopak was formed in 1985 by Hino Motors, Toyota Tsusho (a member of Toyota Group), Al-Futtaim Group and PACO. In 1998, Hino Motors, and Toyota Tsusho Corporation obtained majority shareholding in the company after disinvestments by the other two founding investors.[3] Hinopak Motors has a 70% market share in Pakistan, and gained its highest-ever after-tax profit in FY~2018-19.[4][5][6]
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.[7]
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.[8]
CSR
HinoPak Motors manages a school under the Pakistan Corporate Social Responsibility Program.[9]
