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Tag: Honda Motors

  • Honda Motors to start pre-orders of ZR-V SUV by September 2022

    Honda Motors to start pre-orders of ZR-V SUV by September 2022

    TOKYO, Japan: Honda Motor Co., Ltd launched a teaser of ZR-V, all new SUV on July 14, 2022, which will be sale in Japan.

    The company launched a teaser page on their official website to share initial information on the ZR-V.

    Honda will release more details about the model in stages, including its plan to begin taking pre-orders in September of this year.

    READ MORE: Honda Cars declares 40% surge in annual profit

    According to details, the company launched a teaser page on its company website to share initial information on the ZR-V, an all-new SUV scheduled to go on sale in Japan this fall. Honda will release more details about the model in stages, including its plan to begin taking pre-orders in September of this year.

    Based on the grand concept of “Unleash your potential,” the all-new ZR-V was developed as a model to uplift the spirit of customers, like a favorite “special day” piece of clothing, and bring out their individuality. Key features include beautiful and sophisticated design, developed under the key words “glamorous & elegant,” and dynamic performance, achieved with a goal to realize driving at the will of the driver.

    READ MORE: Honda Cars posts Rs928 million quarterly profit after tax

    These attributes will enable the driver to enjoy the vehicle with more confidence and in a relaxing manner, a value new to SUV models. 

    All-new ZR-V adopts smart and elegant design which makes this model fit well in urban environments. The exterior design features flowing proportions characterized by large, smooth surfaces that flow from front to rear.

    The design of the front-fascia features a vertical grille, designed in concert with surrounding areas, and sharp-looking, wide-set headlights that flow horizontally. These features create a highly sophisticated expression, yet with stature and a strong presence. The rear of the body is shaped to emphasize the vehicle’s wide tread by adding volume around the bottom of the body, with a smooth, upswept look.

    The interior design realized a spacious cabin by adopting an instrument panel that stretches out horizontally in a linear fashion. Moreover, the interior design features a functional and precise finish on all parts to accentuate the beauty of the form, creating a high-quality interior space that is one class above the competition. In addition, a high-deck center console separates the front seats to create personal space for the driver and front passenger.

    READ MORE: Honda Cars declares 82 percent decline in annual profit

    By realizing both a low, stable driving position and a view of the road with great visibility, the packaging design enhanced the ease of driving and sense of oneness the driver will feel with this vehicle.

    In addition to a wide, horizontal forward field of vision, the rear view was designed to make it easier for the driver to recognize objects behind the vehicle, including vehicles and pedestrians, thereby pursuing excellent visibility while driving.

    As with the front seats, the hip point of the rear seats was set low to allow greater freedom for the end point of the roof design, resulting in both a sleek roof line and enhanced aerodynamic performance.

    Moreover, a variety of user-friendly storage spaces are provided, ensuring excellent utility to meet various customer needs. 

    The hybrid model of the all-new ZR-V will be the first Honda SUV to be equipped with the Sports e:HEV that combines a 2.0-liter direct injection engine that debuted on the Civic e:HEV and the advanced 2-motor hybrid system (e-CVT). The all-new ZR-V e:HEV will offer a high-quality, exhilarating and one-class-above driving experience in various driving situations including driving on city and suburban roads, highways and winding roads.

    READ MORE: Atlas Honda reports 73% decline in after tax profit

    The all-new ZR-V also will be available as a gasoline-powered model equipped with a 1.5-liter turbo engine with CVT, which offers highly-responsive and sporty driving.

    Both hybrid and gasoline models offer a real-time AWD variation, which enables customers to drive on snowy roads with greater peace of mind by realizing outstanding performance in making turns and climbing up snowy roads. 

    Starting on Saturday, August 13, 2022 (Japan time), Honda will hold pre-launch showcasing of the production models of all-new ZR-V at various locations in Japan. Please visit and enjoy an initial look at the highly-sophisticated ZR-V.  

    ・August 13-14, 2022: The “BIGMAN” square at Hankyu Umeda Station, Osaka, Japan
    ・August 20-21, 2022: The event space at Tokyo Station (near the Yaesu Central Exit)
    ・August 27-28, 2022: The JR Gate Tower at Nagoya Station, Aichi, Japan

  • Car sales come down by 44% in eight months

    Car sales come down by 44% in eight months

    KARACHI: The domestic car sales have declined by 44 percent during first eight months of current fiscal year owing to higher prices and economic slowdown.

    According to data released on Wednesday by Pakistan Automotive Manufacturers Association (PAMA), the total car sales declined to 90,834 units during July – February 2019/2020 as compared with 162,240 units in the corresponding period of the last fiscal year.

    Market experts attributed the decline to higher car prices and unattractive high interest rate. Besides the slowdown in economy is another major reason.

    The sales of Honda Car fell by 61 percent to 12,497 units during first eight months of current fiscal year as compared with 32,077 units in the corresponding period of the last fiscal year.

    The sales of Indus Motors fell by 49 percent to 22,707 units during the period under review as compared with 44,409 units in the same period of the last fiscal year.

    The sales of Pakistan Suzuki fell by 35 percent to 55,630 units during July – February 2019/2020 as compared with 85,754 units in the corresponding period of the last fiscal year.

    Pakistan’s car sales increased by 2 percent MoM in February 2020; led by 12 percent MoM rise in sales of Indus Motor (INDU).

    Pak Suzuki Motor (PSMC) and Honda Car (HCAR) both witnessed decline in sales by 3 percent MoM each.

  • Honda Atlas Cars declares 50 percent drop in after tax profit

    Honda Atlas Cars declares 50 percent drop in after tax profit

    KARACHI: Honda Atlas Cars (Pakistan) Limited on Thursday announced 50 percent drop in net profit for the quarter ended September 30, 2019.

    According to financial results of the company the profit after tax for the quarter (July – September) 2019 fell to Rs509.69 million as compared with the net profit of Rs1,030 million in the corresponding quarter of the last year.

    The sales of the company fell to Rs11.64 billion for the quarter under review as compared with Rs25.81 billion in the corresponding period of the last year, posting 55 percent decline.

    The gross profit of the company declined to Rs1.21 billion for the quarter ending September 30, 2019 as compared with Rs1.65 billion in the same period of the last year.

    The company declared profit of Rs1.1 billion for the half year (April – September) 2019 as compared Rs3.24 billion in the same half of the last year.

    The sales of the company during the half fell to Rs29.52 billion as compared with Rs49.67 billion in the same half of the last fiscal year.

  • Car sales down 4 percent on economic slowdown, high prices

    Car sales down 4 percent on economic slowdown, high prices

    KARACHI: The sales of locally assembled cars have declined by 4 percent during first nine months (July-March) 2018/2019 owing to slowdown in economy and recent rise in car prices, analysts said on Wednesday.

    The sales of locally assembled cars fell to 185,023 units during July – March 2018/2019 as compared with 192,734 units in the corresponding period of the last fiscal year, according to Pakistan Auto Manufacturers Association (PAMA).

    Analysts at Topline Securities attributed the decline in car sales to slowdown in economy and rise in recent car prices.

    Indus Motors (INDU) reported 11 percent YoY decline during March 2019 mainly on account of lower sales of Fortuner & Hilux, which were down 63 percent and 65 percent, respectively, YoY.

    The analysts said that this was due to 10 percent Federal Excise Duty (FED) imposed on above 1700 CC engine cars.

    Corolla sales posted growth of 2 percent YoY.

    Pak Suzuki (PSMC) reported 23 percent YoY growth in sales led by growth in Wagon R with growth of 63 percent YoY.

    Other major contributors in overall growth were Cultus, Bolan and Ravi, up by 17 percent, 38 percent and 36 percent YoY, respectively.

    Swift was the only PSMC variant to record decline, down 16 percent YoY.

    Honda cars (HCAR) sales fell 29 percent YoY in Mar 2019, steepest YoY decline during a month since May 2012. In addition to economic factors, decline in City and Civic variants is attributed to anticipation of a launch of new variant (Civic 1.5 Turbo new variant launched in April-19).

    The analysts said that overall demand of automobiles is expected to remain subdued due to recent hike in policy rate (+475bps since Jan 2018 to 10.75 percent), resulting in higher borrowing cost for auto financing.

    Furthermore, incremental cost as a result of rupee devaluation & increasing inflation has led to higher car prices, impacting purchasing power of car buyers.

    To note, the government is mulling over removal of 10 percent FED on engines with 1700CC above, as per news reports.

    However no official announcement has yet been made, adding to the uncertainty to the car sales with engine size of over 1700CC.

  • Car sales decline 3.2 percent in July – January

    Car sales decline 3.2 percent in July – January

    KARACHI: The car sales have declined by 3.2 percent during first seven months of current fiscal year despite higher prices owing to depreciation of rupee value.

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