Company type | Joint venture |
---|---|
PSX: HCAR KSE 100 component | |
Industry | Automotive |
Founded | 1992 |
Headquarters | , Pakistan |
Key people | |
Products | Automobiles |
Revenue | Rs. 95.1 billion (US$330 million) [1] (2023) |
Rs. 2.3 billion (US$8.0 million) (2023) | |
Rs. 260 million (US$900,000) (2023) | |
Total assets | Rs. 62.7 billion (US$220 million) (2023) |
Total equity | Rs. 19.2 billion (US$66 million) (2023) |
Parent | Honda (51%) Atlas Group (30%) [2] |
Website | honda |
Honda Atlas Cars Pakistan is a Pakistani automobile manufacturer which is a subsidiary of Japanese car maker Honda. Founded in 1992, as a joint venture between Honda Motor and Atlas Group, it is based in Lahore, Pakistan.
The company stock is traded on the Pakistan Stock Exchange. [3]
Honda Atlas is the authorized assembler and manufacturer of Honda vehicles in Pakistan. [4]
Honda Atlas was incorporated on 4 November 1992, while the joint venture agreement was signed on 5 August 1993. [5] The manufacturing plant was inaugurated 17 April 1993 and the first car rolled off the assembly line on 26 May 1994. By July 1994, six dealerships were established in Karachi, Lahore, and Islamabad. [6] [4] In October 1994, it was listed on the Karachi Stock Exchange. [7]
Honda Motor Co., Ltd. is a Japanese multinational conglomerate automotive manufacturer headquartered in Minato, Tokyo, Japan.
Transport in Pakistan is extensive and varied. In recent years, new national highways have been built, with the addition of motorways which have improved trade and logistics within the country. Pakistan's rail network is also undergoing expansion in recent years. Airports and seaports have been built with the addition of foreign and domestic funding. Transportation challenges in Pakistan are escalating due to poor planning, inadequate governance, and corrupt practices.
The KSE-100 Index is a total return stock index acting as a benchmark to compare prices on the Pakistan Stock Exchange (PSX) over a period.
Atlas Honda Limited, formerly known as Atlas Autos, is a Pakistani motorcycle manufacturer based in Karachi. It is the largest motorcycle maker in Pakistan.
Atlas Group is a group of companies headquartered in Lahore, Pakistan. The group was founded by Yusuf H. Shirazi who was the chairman of Atlas Group. He was also the founder member of Karachi Stock Exchange, Lahore Stock Exchange and International Chamber of Commerce and Industry. Mr Yousaf Shirazi died on 20 October 2019.
Ghandhara Automobiles Limited formerly known as Ghandhara Nissan, is a Pakistani automobile manufacturer based in Karachi.
Indus Motor Company Limited, operating as Toyota Indus, is a Pakistani automobile manufacturer which is a subsidiary of Japanese multinational automaker Toyota Motor Corporation. It is based in Karachi, Pakistan.
Shezan International Limited is a Pakistani beverage manufacturer based in Lahore. It is one of the smallest food and beverage manufacturers in Pakistan. Its brands include All Pure and Twist. This company is a part of Shahnawaz Group and is traded on the Pakistan Stock Exchange.
Lucky Cement Limited, also known as Lucky Group, is a Pakistani conglomerate headquartered in Karachi, Sindh. Named after the place, Lakki Marwat, where the first plant was commissioned in 1993, Lucky has become one of the largest cement producers in Pakistan. It has 15.3 million tonnes per annum of manufacturing capacity. The company is listed on the Pakistan Stock Exchange.
The automotive industry in Pakistan is one of fastest-growing industries in the country, growing by 171% between 2014 and 2018. It accounts for 7% of Pakistan's GDP and employed a workforce of over 6.8 million people as of 2024. Pakistan is the 15th largest producer of automobiles. Its contribution to the national exchequer is nearly US$5.4 billion. Pakistan's auto market is among the fastest growing in Asia. 384,000 cars were sold in 2023. In the 1990s and early 2000s, Pakistan had many Japanese cars. With the launch of the first Auto Policy in 2005, Pakistan launched its first indigenous car, Adam Revo. However, after the 2008 elections, the dollar started depreciating, and due to bad governance, many automakers began to halt production, with some exiting Pakistan. Currently, the auto market is dominated by Honda, Toyota, Hyundai, Kia and Suzuki. However, on 19 March 2016, Pakistan passed a second "Auto Policy 2016-21," which offers tax incentives to new automakers to establish manufacturing plants in the country. In response, Renault, Nissan, Proton Holdings, Kia, SsangYong, Volkswagen, FAW, and Hyundai have expressed interest in entering the Pakistani market. MG JW Automobile Pakistan has signed a memorandum of understanding (MoU) with Morris Garages (MG) Motor UK Limited, owned by SAIC Motor, to bring electric vehicles to Pakistan. NLC signed an agreement with Mercedes-Benz to manufacture Mercedes Actros trucks in Pakistan. On 8 July 2021, Jolta Electric launched the production of electric motorcycles.
Fauji Fertilizer Company Limited (FFC) is a Pakistani fertilizer manufacturer based in Rawalpindi. It is a subsidiary of the Fauji Foundation.
Fauji Foods Limited, formerly known as Noon Pakistan Limited, is a Pakistani food company which is a subsidiary of Fauji Fertilizer Company. It is based in Lahore, Pakistan.
Sazgar Engineering Works Limited is a Pakistani automotive assembler headquartered in Lahore. It specialises is the manufacturing and sale of automobiles, automotive parts, and household electric appliances.
The Pakistan Automotive Manufacturers Association (PAMA) (Urdu: پاکستان موٹر گاڑی تولید کننده تنظیم) is a trade group of automobile manufacturers that operate in Pakistan.
The Pakistan Auto Show is a motor show held annually in Pakistan, alternating between Karachi and Lahore. The motor show began in 2005 and displays both passenger vehicles and commercial vehicles. The PAS is organized by the Pakistan Association of Automotive Parts & Accessories Manufacturers.
Nishat Group is a group of companies headquartered in Lahore, Pakistan. It was founded by Pakistani business magnate Mian Muhammad Yahya in 1951. Mian Muhammad Mansha is the current chairman of the group.
Nishat Chunian Limited is a Pakistani vertically integrated textile company based in Lahore. It is listed on the Pakistan Stock Exchange and is one of the largest textile company of Pakistan.
Treet Corporation is a Pakistani conglomerate headquartered in Lahore. It manufactures blades and razors, metal components, corrugated boxes for shipping and storage, batteries, and soaps.
Pakistan has a significant market for hybrid vehicles such as Honda's Vezel, Toyota's Prius, and Aqua. The Automotive Development Policy (2016–2021) and the launch of the China-Pakistan Economic Corridor (CPEC) encourage foreign investments for new automobile brands to enter the Pakistani market.