Latest News

Honda Atlas extends longest production shutdown till April 15

Honda Atlas has extended its longest production shutdown till April 15!

Honda Atlas Cars Pakistan Ltd, a unit of Japan’s Honda Motor Co Ltd (7267.T), on Thursday, announced a 15-day extension to its longest plant shutdown this fiscal year, citing the country’s economic crisis, restrictions on opening letters of credit for imports, and halting foreign payments.

In a notice to the Pakistan Stock Exchange, the company said: “As a result, the Company is not in a position to continue with its production and ultimately has continued to shut down its plant from April 16, 2023, to April 30, 2023.”

The company announced an initial 23-day shutdown on March 8, which was expected to end on March 31.

Furthermore, Pak Suzuki Motor Company Ltd (PSMC), also announced a 13-day extension to an existing halt in its production of motorcycles.

Saman Siddiqui

Saman Siddiqui, A freelance journalist with a Master’s Degree in Mass Communication and MS in Peace and Conflict Studies. Associated with the media industry since 2006. Experience in various capacities including Program Host, Researcher, News Producer, Documentary Making, Voice Over, Content Writing Copy Editing, and Blogging, and currently associated with OyeYeah since 2018, working as an Editor.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

three × 4 =

Back to top button