Islamabad, June 18, 2025: In a major industry shakeup, Hinopak Motors Limited (PSX: HINO) has officially confirmed that its Japanese parent company, Hino Motors Ltd., has entered into a strategic merger agreement with Mitsubishi Fuso Truck and Bus Corporation (MFTBC). The move aims to consolidate their commercial vehicle operations and reshape the global truck and bus industry.
Under this groundbreaking deal, a new publicly listed holding company will be created to fully own both Hino and MFTBC. The ownership of this new entity will be split equally between Daimler Truck and Toyota Motor Corporation, two of the most powerful names in the automotive world, aside from the shares that will be floated on the public exchange.
Hinopak, a key player in Pakistan’s heavy-duty vehicle market, is expected to benefit significantly from this global integration. The company specializes in the assembly and sale of Hino buses and trucks, serving as the local subsidiary of Hino Motors Ltd. With Toyota as the ultimate parent company, Hinopak’s future now ties into a much larger multinational synergy.
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Industry analysts believe this Toyota-Daimler collaboration could redefine the competitive landscape, improving cost efficiency, technology sharing, and international supply chain dynamics. For Pakistani markets, this may also translate into better vehicle options, localized production benefits, and a new wave of innovation.
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