Dewan Farooque Motors Limited ( ur, ) is a Pakistani automobile manufacturer based in

Karachi Karachi (; ur, ; ; ) is the most populous city in Pakistan and 12th most populous city in the world, with a population of over 20 million. It is situated at the southern tip of the country along the Arabian Sea coast. It is the former c ...

Pakistan Pakistan ( ur, ), officially the Islamic Republic of Pakistan ( ur, , label=none), is a country in South Asia. It is the world's List of countries and dependencies by population, fifth-most populous country, with a population of almost 24 ...

. The major activities by the company are assembling, manufacturing and sale of vehicles. In 2016, the company agreed to resume production of vehicles of

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area, the List of countries and dependencies by population, second-most populous ...

n multinational

Mahindra & Mahindra Mahindra & Mahindra Limited (M&M) is an Indian multinational automotive manufacturing corporation headquartered in Mumbai. It was established in 1945 as Mahindra & Mohammed and later renamed as Mahindra & Mahindra. Part of the Mahindra Grou ...

South Korea South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korea, Korean Peninsula and sharing a Korean Demilitarized Zone, land border with North Korea. Its western border is formed ...

based subsidiary

SsangYong The SsangYong Motor Company ( ko, 쌍용자동차 주식회사) is a South Korea–based automobile manufacturer. It traces its origins back to a manufacturer established in 1954. The name SsangYong appeared in 1988, after its acquisition by the ...

, as Daehan-Dewan at its assembly plant in

Sujawal Sujawal ( ur, ), town is headquarter of Sujawal district of Sindh. Previously, it was Sub Divisional Headquarter of Sujawal Sub Division of Thatta District, Sindh, Pakistan. The Government of Sindh has granted Sujawal the status of a district ...

History

Dewan Farooque Motors Limited was incorporated on 28 December 1998. Dewan Farooque partnered with Korean brands like

Hyundai Hyundai is a South Korean industrial conglomerate (" chaebol"), which was restructured into the following groups: * Hyundai Group, parts of the former conglomerate which have not been divested ** Hyundai Mobis, Korean car parts company ** Hyundai A ...

and Kia to produce its first car on January 15, 2000. The company received an extraordinary response especially for its Hyundai Santro and Hyundai Shahzore models. Company sales grew well until 2008 when it faced various challenges. 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. 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 wit
Daehan Motors
(Vietnam). The market capital of the company is PKR 579,913,310. The

free float In the context of stock markets, the public float or free float represents the portion of shares of a corporation that are in the hands of public investors as opposed to locked-in shares held by promoters, company officers, controlling-interest inv ...

is 40%. They are currently showing as a defaulter in Pakistan Stock Exchange which means they are not doing well in Business.

Products

Shehzore
''(Light Utility Truck)''

References

{{Automotive industry in Pakistan Car manufacturers of Pakistan Truck manufacturers of Pakistan Vehicle manufacturing companies established in 2000 Vehicle manufacturing companies disestablished in 2019 Companies listed on the Pakistan Stock Exchange Pakistani companies established in 2000 Pakistani companies disestablished in 2019 Manufacturing companies based in Karachi

History

Products

See also

References