The economic challenges have started to render bigger nightmares for the local auto industry which has been witnessing most of its assemblers observing non-production days since the beginning of the current fiscal year.
Now Honda Atlas has announced a massive plant shutdown schedule citing import restrictions and the inability to arrange raw materials & CKD parts being the reason behind the move. As per the company notice sent to the Pakistan Stock Exchange (PSX), Honda has informed that it will keep its plant shut for the rest of the month due to a lack of inventory in hand.
Honda’s plant shutdown dates in March 2023
The 22 days shutdown, to be observed from 9th March to 31st March 2023 is the lengthiest NPD (Non-Production Days) schedule announced by any local assembler to date.
The local auto industry which is heavily dependent on imports is feeling the heat since the government is only allowing essential imports which do not include the auto sector & car parts makers. However, even when the assembly plants are no longer operational, auto assemblers are announcing massive price hikes in tandem with Rupee’s depreciation against the US Dollar. With prices already revised by up to 4 times within 2.5 months, let’s hope there isn’t another price hike before the assembly operations are resumed.
A 3d animation professional with over 20 years of industry experience having served in leading organizations & production facilities of Pakistan, an avid car enthusiast and petrolhead with an affection to deliver writings to help shape opinions. Formerly written for PakWheels as well as major publications including Dawn. Founder of CarSpiritPK.com