ISLAMABAD: Pakistan’s automotive industry is about to become more competitive and diversified, thanks to a major newcomer Hyundai Nishat Motor (Private) Limited ‘Hyundai Nishat’, one of Pakistan’s emerging automotive manufacturers and distributors, announcing to go digital from a global technology platform of SAP.
Hyundai Nishat aims to promote indigenization in a growing consumer market of the auto sector which can help achieve multi-dimensional goals of the economy including import substitution, technology transfer Our prime objective and job creation. to make the is in addition to enriching consumers experience through managing director introduction of Hyundai’s brand new lineup in both passenger and light commercial category.
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Pakistan’s automotive sector is undergoing massive transformation in termsofchanging consumer preferences,and Hyundai Nishat is looking to play a key role in matching these newtrends. To achieve this, Hyundai Nishat intends to follow its digital roadmapwith the strategic sourcing of SAP S/4HANA real-time business suite.
Hyundai Nishat is a strategic joint venture between Pakistan’s leading industrial conglomerate Nishat Group, Japan’s trading house Sojitz Corporation and the largest tractor manufacturing company of the country Millat Tractors Limited.
“As Pakistan’sautomotive sector grows, Hyundai Nishat aims to tap its growth potential with the dvanced technological approach,” said Norez Abdullah, Chief Financial Officer.“By running in real-time on an SAP digital core we can better manager our cost elements, working capital, human resources and also enhance visibility of results to help achieve our goals with minimal risk of failure.”
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Showing the strong potential for digital transformation in the automotive sector, 80percent of innovations in automotive engineering are driven bymicro-electronics and software, according to a recent report by SAP.
“In Pakistan’s fast-paced automotive sector, Hyundai Nishat is adopting best practices by setting itself on by micro digital roadmap to become an Intelligent Enterprise,” said Saquib Ahmad, managing director, SAP Pakistan.“Our prime objective is to make the company more agile at manufacturing, product delivery, human development, and management reporting so they can leverage the strengths of SAP to position themselves for future expansion”
In the coming months, Hyundai Nishat aims to explore the integration of emerging technologies such as Big Data analytics, cloud and the Internet of Things with SAP.
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