AIRLINK 61.94 Increased By ▲ 1.51 (2.5%)
BOP 5.35 No Change ▼ 0.00 (0%)
CNERGY 4.58 Decreased By ▼ -0.02 (-0.43%)
DFML 15.89 Increased By ▲ 1.05 (7.08%)
DGKC 65.91 Increased By ▲ 1.11 (1.71%)
FCCL 17.20 Increased By ▲ 0.34 (2.02%)
FFBL 27.65 Increased By ▲ 2.90 (11.72%)
FFL 9.30 Increased By ▲ 0.24 (2.65%)
GGL 10.15 Increased By ▲ 0.19 (1.91%)
HBL 105.40 Increased By ▲ 1.19 (1.14%)
HUBC 122.51 Increased By ▲ 4.99 (4.25%)
HUMNL 6.47 Decreased By ▼ -0.07 (-1.07%)
KEL 4.56 Increased By ▲ 0.01 (0.22%)
KOSM 4.55 Decreased By ▼ -0.02 (-0.44%)
MLCF 35.91 Increased By ▲ 0.50 (1.41%)
OGDC 122.95 Increased By ▲ 0.56 (0.46%)
PAEL 22.70 Increased By ▲ 0.79 (3.61%)
PIAA 29.34 Increased By ▲ 2.05 (7.51%)
PIBTL 5.88 Decreased By ▼ -0.06 (-1.01%)
PPL 106.25 Decreased By ▼ -1.12 (-1.04%)
PRL 27.33 Increased By ▲ 0.82 (3.09%)
PTC 18.38 Increased By ▲ 2.28 (14.16%)
SEARL 53.11 Decreased By ▼ -0.52 (-0.97%)
SNGP 63.86 Increased By ▲ 2.66 (4.35%)
SSGC 10.75 No Change ▼ 0.00 (0%)
TELE 9.42 Increased By ▲ 0.93 (10.95%)
TPLP 11.17 Increased By ▲ 0.59 (5.58%)
TRG 73.14 Increased By ▲ 3.23 (4.62%)
UNITY 23.83 Increased By ▲ 0.32 (1.36%)
WTL 1.31 Increased By ▲ 0.03 (2.34%)
BR100 6,955 Increased By 77.3 (1.12%)
BR30 22,829 Increased By 260.8 (1.16%)
KSE100 67,209 Increased By 661 (0.99%)
KSE30 22,135 Increased By 220.3 (1.01%)

Honda Atlas launched its HR-V last week, and commenced its booking on Monday with the promise that it would start delivering cars in January. By Friday, customers looking to book the Honda vehicle were being given a delivery date for July-August 2023, confirmed multiple dealers to Business Recorder.

A Honda dealership official in Karachi also told Business Recorder that customers looking to purchase the HR-V are also being required to sign an undertaking in which they pledge not to sue Honda if it fails to deliver the car on the stipulated date.

HACPL launches Honda HR-V 2022

“There is a global auto-parts shortage and government’s restriction on imports may result in delays,” he said.

Meanwhile, industry experts said HR-V’s price tag of around Rs6 million may help the company make inroads in the SUV market segment.

Prices revealed: Honda HRV to start at Rs6.028mn in Pakistan

However, the delivery date of July-August 2023 within a week of its launch will disenchant some buyers, they said.

The wide timeframe of delivery is not just an issue with the HR-V.

The delivery time for Honda Civic, launched in March this year, is currently being quoted for June-July 2023 if the car is booked.

Indus Motor Company and Pak Suzuki are also quoting lengthy delivery times to their customers.

The high delivery time has also been a boon for investors who can now charge higher 'own-money'.

Honda Atlas Cars announces week-long plant shutdown

There’s own-money starting from Rs50,000 on small cars that may go up as high as Rs1 million for the bigger vehicles, market experts say.

A company official, speaking to Business Recorder, said going forward, companies that manage their inventory levels better than the others would come out on top.

“Groups with strong financing capacity will survive competition under the circumstances,” said the official.

Comments

Comments are closed.