Pakistan's Dedicated Automobile Blog
Compared to any other Honda model, the BR-V has suffered a massive decline in sales. Honda Atlas sold 8,684 BR-V units in FY2017-18 whereas it sold only 5,045 units in FY2018-19 which is 42% less than the figures from previous year.
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With Pak Suzuki declaring a loss of Rs 1.53 billion in the quarter ended June 2019 and Honda Atlas suffering from a 77% decline in profits, are the two companies heading for a downfall?
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Earnings of Honda Atlas took a massive hit in the quarter ended June 2019 as its profits dived 77% on the back of declining revenues.
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Honda Atlas has shut down its plant for 10 days on Friday as its inventories have piled up to 2,000 units due to diminishing car sales. Car sales have badly suffered amid rising prices due to imposition of new, higher taxes in the budget and extreme currency devaluation in the recent weeks.
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The 5th gen Honda City in Pakistan has been blessed with yet another facelift. With the latest ‘changes’ Honda Atlas calls the decade-old City an icon with some ravishing looks.
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After having increased the prices of its cars on the 21st of June, Honda Atlas has again revised the prices of its cars within the span of just 2 weeks.
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Honda Atlas has revised the prices of its products citing declining Rupee value against US Dollar & negative exchange rate impacts as the reason. The new prices will take effect from the 24th of June 2019.
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Honda has added more safety features to its entire City line-up in India without increasing the price. The Honda city is priced between INR 9.72 lac to INR 14.07 lac, and has now been equipped with a speed alarm system as well as a front passenger seat belt reminder.
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Honda Atlas’ profit dropped by a significant 40.7% to Rs 3.9 billion in the quarter ended March 2019, according to a company notice sent to the Pakistan Stock Exchange (PSX).
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The Honda BR-V has received a mid-life refresh after over three years of its life, with Indonesia being the first market to receive the facelift.
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