Honda halts production due to extremely low car sales in Pakistan

Honda Atlas Cars Pakistan (HACP) has decided to shut down its plant for 10 days as its inventories piled up to 2,000 units on plummeting car sales amid rising prices due to imposition of new, higher taxes in budget and steep currency devaluation in recent weeks. Extremely low car sales during first week of July has prompted the company’s decision.

Similarly, Indus Motor Company (IMC), which produces Toyota models in Pakistan, has also decided to stop car production for eight days, two days every week, during this month.

Source: Dawn