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Dewan Farooque Motors

Dewan Farooque Motors (Urdu: دیوان فاروق موٹر‎) was a Pakistani automobile manufacturer based in Karachi, Pakistan.[2] In 2019, the company defaulted on their loan.[1]

Dewan Farooque Motors Ltd.
Corporation
IndustryAutomotive
FoundedJanuary 15, 2000
Defunct2019[1]
HeadquartersKarachi, Pakistan
Key people
Dewan Yousuf Farooqui (CEO)
ProductsAutomobiles
ParentYousuf Dewan Companies
Websitewww.daehan-dewan.com

In 2016, the company agreed to resume production of vehicles of Indian multinational Mahindra & Mahindra's South Korea based subsidiary SsangYong, as Daehan-Dewan[3][4] at its assembly plant in Sujawal.[2]

HistoryEdit

Dewan Farooque partnered with Korean brands like Hyundai 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.[5] 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.[6]

On 19 January 2018, Dewan Farooque Motors announced it has received approval for its Brownfield plant from the Engineering Development Board (EDB)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 (South Korea).[7][8]

ProductsEdit

ReferencesEdit

  1. ^ a b https://www.psx.com.pk/psx/files/?file=125449-1.pdf
  2. ^ a b "DFML". www.yousufdewan.com.
  3. ^ Reporter, The Newspaper's Staff (August 11, 2016). "DFML to revive manufacturing plant". DAWN.COM.
  4. ^ "Dewan Farooque applies for resuming car production". The Express Tribune. August 11, 2016.
  5. ^ "Dewan Farooque to resume production from October". The Express Tribune. September 6, 2016.
  6. ^ Rahman, Abdul. "Dewan Farooque Motors is Resuming Vehicle Production in Pakistan".
  7. ^ "Dewan Launches the New 2018 Shehzore Pickup - CarSpiritPK". www.carspiritpk.com.
  8. ^ https://profit.pakistantoday.com.pk/2018/06/25/daehan-korean-or-vietnamese-well-whats-in-a-nationality/