Honda Atlas Bets on Hybrid Growth in 2025
Staff Report
Islamabad: Honda Atlas Cars Limited (HCAR) is gearing up for aggressive growth as Pakistan’s auto market rebounds.
In a recent corporate briefing, the company has posted a 42% surge in revenue and outlined plans to boost future sales through its newly launched hybrid electric vehicle (HEV). It targets a market poised to cross 200,000 units next year.
Honda Atlas Car Limited (HCAR) held a corporate brief session, wherein the company discussed 2025 results.
The company posted revenue of Rs78bn (up 41.7%YoY), while volumes grew to 16,100 units (up 45.16%YoY).
The management disclosed that overall car market grew by 70% and reached to 150K units.
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The company expect total market will grow by 40% and will break the 200K mark during next year.
Honda city makes of majority of the sales unit, around 60%. Within Honda city, 75% of the sales comes from 1.2L variant and rest from 1.5L variant.
The Gross margins improved from 8.2% to 8.5% largely due to stable foreign exchange rates. However, the company believes margin can come under pressure in upcoming quarters if the exchange rates do not stabiles.
Currently, the PKR is devalued by 1.9% to US$ compared to average march’25 quarter rates.
HCAR aims to achieve 40% topline growth in FY26, driven primarily by incremental sales from its newly launched HEV. The company is targeting monthly HEV sales of 400–500 units.
“We estimate an incremental volume impact of around 250 units per month, assuming partial substitution of the Civic and the existing HR-V with the new HEV,” Sherman Research said.
