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Dewan Farooque Motors Limited (dfml)
Address : 7th Floor, Block A, Finance & Trade Center (ftc), Shahrah-e-faisal
City : Karachi
Country : Pakistan
Phone : 9221/111313786
Website : www.dewan-motors.com
Company Information
Company Profile : Dewan Farooque Motors Limited (dfml) Is A Pakistan-based Company. The Company Has Entered Into Separate Technical License/collaboration Agreements With Hyundai Motor Company, Korea (hyundai) And Kia Motors Corporation, Korea (kia). The Principal Activity Of The Company Is Assembly, Progressive Manufacturing And Sales Of Hyundai And Kia Vehicles In Pakistan.dfml Is Producing The Products Of Two Famous Korean Companies Kia Motors And Hyundai Motors Of Korea. It Is Producing 6 Products Like Hyundai Shehzore Truck, Which Is A Pickup For Carrying The Luggage; Another Products Of Hyundai Are 1000cc Car Named Santro Club And Grace Van For Office Use. The Products Of Kia Motors Are 1300cc Car Kia Classic 1500 Cc Car Kia Spectra And 2000cc Turbo Diesel Jeep. Dfml Is A Joint Venture Between The Dewan Mushtaq Group Of Pakistan Hyundai Motors Limited Korea And Kia Motors Korea.
The Company Was Incorporated On December 17, 1998. It Is Situated At Dewan City Sajawal 152 Kms Away From Karachi. Its Annual Capacity Is 20,000 Units Per Year, Expendable To 40,000 Units Per Year. Its Estimated Project Cost Including Total Fixed Cost, Is Rs. 144,340,000.
Appreciation Of Korean Van Or Devaluation Of Pak Rupee Increase The Cost Of Imported Material, Which Include Ckd Kits, That Account For 75% Of The Total Cost. Tax Policies Of The Government Also Affect The Company. Presently The Cvt Rate Is 6.25% And Upon That, They Have To Pay 40%, Which Causes An Increase In The Cost Of The Vehicles.
In Political And Legal Forces, Poor Law And Order Situation, Especially In Karachi, Also Affect The Country. Political Instability In The Country And The Government’s Inconsistent Policies, For Example, Taxi Scheme From Nawaz Sharif Government, Also Produce Effect On The Auto Industry In Pakistan. The Result Of The Taxi Scheme Is That, 3000 Taxis Are Still Present In The Market, Awaiting Sale.
Industry Specific Deletion Target Means Numbers Of Parts And Spares Will Be Manufactured Locally Through Vendors. Industry Specific Deletion Target Specifies That “no Roll Back”. This Policy Discourages The New Entrants Because The New Entrants Will Have To Start At The Deletion Level That Already Exists In The Industry.
Year established : 1998      
Business Detail
Business Type: Manufacturers
Products:Passenger Cars, Diesel Jeeps, Trucks
 
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