ISLAMABAD -Honda Atlas Cars Ltd faces a big setback in Pakistan as it’splant has been shutdown due to poor demand.
Honda Atlas Cars Ltd (HACL) has slashed working days to 11 in September.Honda saw only 13 working days in August and 20 in July.
On the other hand, Pak Suzuki Motor Company (PSMCL) is in a less direstate. They haven’t seen a single NDP with the new 660CC Alto drivingcontinued sales with 8,109 units sold in the last couple of months despitethe WagonR seeing a 71.5% drop in sales during July-August 2019 compared tothe same period in 2018.
According to information available, Honda has over 3,000 units unsold atits plant and network, coupled with the stoppage of the second shift, thecompany has also laid off over 1,000 contractual employees in the last 3months.
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Sales have fallen by 30% in the FY2019 as compared to 2018 with SabbirAlibhai, CEO-Partner of Honda Drive-In and Honda Quaideen saying, “Themeltdown in the auto industry is far more frightening than expected.”
