Honda Atlas Cars Pakistan Limited (HACPL) has announced to invest Rs. 5 billion in a cutting-edge hybrid vehicle production facility in Pakistan. This investment will support the local manufacturing and assembly of hybrid electric vehicles (HEVs).
The hybrid vehicle market in Pakistan is heating up, with brands like Toyota, Haval, and Hyundai already offering their models. Honda Atlas’s entry is expected to make the competition more dynamic, as Honda is well-regarded in Pakistan, particularly among younger drivers who appreciate its comfort, design, and reliability.
The new hybrid facility will enable Honda to provide HEV models of both current and upcoming vehicles at more competitive prices. This investment supports Honda’s commitment to sustainable mobility by promoting economic growth, cutting carbon emissions, and boosting competitiveness through the local production of HEVs.
On the other hand, in its financial report released on the Pakistan Stock Exchange, Honda Atlas revealed a 40% increase in after-tax profit, reaching Rs. 202.63 million for the quarter ending June 30, 2024, up from Rs. 144.96 million the previous year.
This surge is attributed to a remarkable 324% jump in sales, totaling Rs. 15.97 billion compared to Rs. 3.77 billion in the same period last year. The company reported a gross profit of Rs. 1.01 billion for the first quarter of FY25.
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Wrong information. I emailed to Honda car manufacturer about the new launching of Hybrid car. The reply was that Hybrid car launching may be the next year not in this year.. so correct your news.
First of all we need the new gen of honda city, honda brv new gen in pakistan, we didn’t need the hybrid one body safety for the passengers and head lights vision is need to perfection mostly we saw car wheel alignment is not perfect manufacturing fault declared by the showrooms poor quality we need to face in pakistan manufacturing cars
Thanks
Assembly =/= manufacturing
Lol
Pehle manufacturing aur car jorne main farq Delhi le beta . Bare ai manufacturing
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Honda! Please manufacture a good quality small car as well. All car manufacturers are catering for the needs of the rich people and making larger cars or SUVs. Manufacture a strong, small car better than Suzuki Alto which is just junk. I know margins of profit in small cars will be comparatively lower but after all in Japan there are many small car brands. Please remember Pakistan is not a rich country and most people cannot afford cars, especially larger ones.
Please refer to these auto companies as ‘Assemblers’. They don’t have the intellect to manufacture. That part of their brain is occupied by glut.