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PakWheels: Manufacturing Plant of Honda Atlas To Remain Closed For The Rest Of 2019.
https://www.pakwheels.com/blog/manufacturing-plant-honda-atlas-remain-closed-rest-2019/
Honda Atlas closes its manufacturing plant for December 2019
According to the numbers revealed by the Pakistan Automotive Manufacturers Association (PAMA), the auto sector of Pakistan performed poorly, and sales numbers of all three major local manufacturers declined. For November, the sales of cars declined by 44.4pc when compared with the same period of 2018.
This is a substantial dip in the sales of automobiles in Pakistan, and it is a red flag for the future of the industry. The decline in demand and consequently in the sales has led local manufacturers to shut their production plants for some days. These days are called Non-Production Days (NPDs), where production is halted for a few days as the stock of the finished product piles up.
The auto sector is also giving concessions and discounted prices in order to stimulate the market and create demand for cars. Toyota recently offered to sell 300 units of Corolla Xli at a discounted price for the month of December. At this price, people can save PKR 125,000 on both the manual and automatic variants of the Xli. With the rise in prices of cars, many households now cannot afford cars, and hence, there is a decline in demand. Millat Tractors has also announced that the production of vehicles is halted for the rest of 2019 and will commence from January 2020. Shutting down production plants is also detrimental to employment in the auto sector of Pakistan.
https://www.pakwheels.com/blog/manufacturing-plant-honda-atlas-remain-closed-rest-2019/
Honda Atlas closes its manufacturing plant for December 2019
According to the numbers revealed by the Pakistan Automotive Manufacturers Association (PAMA), the auto sector of Pakistan performed poorly, and sales numbers of all three major local manufacturers declined. For November, the sales of cars declined by 44.4pc when compared with the same period of 2018.
This is a substantial dip in the sales of automobiles in Pakistan, and it is a red flag for the future of the industry. The decline in demand and consequently in the sales has led local manufacturers to shut their production plants for some days. These days are called Non-Production Days (NPDs), where production is halted for a few days as the stock of the finished product piles up.
The auto sector is also giving concessions and discounted prices in order to stimulate the market and create demand for cars. Toyota recently offered to sell 300 units of Corolla Xli at a discounted price for the month of December. At this price, people can save PKR 125,000 on both the manual and automatic variants of the Xli. With the rise in prices of cars, many households now cannot afford cars, and hence, there is a decline in demand. Millat Tractors has also announced that the production of vehicles is halted for the rest of 2019 and will commence from January 2020. Shutting down production plants is also detrimental to employment in the auto sector of Pakistan.
