It was learned on Wednesday that Honda Atlas Cars Pakistan (HACPL) has not yet decided whether to observe non-production days (NPD), but it is confident that the necessity may not emerge.
Profit was able to get Amir Nazir to corroborate this. HACPL’s general manager of sales and marketing.
“A very narrow range of letters of credits (LC) are being cleared right now. We are negotiating with the State Bank and we’ll make a decision based on that. However, we are hopeful. We have only planned for our annual closure for now”, Amir stated.
In the middle of the ongoing supply chain instability brought on by the State Bank of Pakistan’s (SBP) prolonged mandate over letters of credit for CKD imports, Toyota and Suzuki recently made their own decisions. This came days after that.
Since 1959, Honda has produced the most motorcycles in the world, with 400 million expected to be produced by the end of 2019. It also produces the most internal combustion engines in the world, with more than 14 million produced a year. In 2001, Honda overtook Toyota as the second-largest producer of automobiles in Japan. Honda ranked as the eighth-largest automaker in the world in 2015.
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