Atlas Honda to invest $100m in motorcycle expansion
It seems that the truck full of bikes tossed by earthquake has made ahl to take this drastic step to fulfil the void created by shortage of their bikes in the region.
Atlas Honda to invest $100m in motorcycle expansion
KARACHI*- Atlas Honda Limited has announced an investment plan of $100 million for the expansion of its motorcycle operations in Pakistan.
In its meeting held on Friday, the Board of Directors of the company approved a three-year expansion plan to double the installed capacity of its Sheikhupura factory, near Lahore, from the existing 0.6 million to over 1.2 million units per annum.
In this regard, an investment of around $50 million would be made directly by Atlas Honda, whereas $30 million would be invested by Atlas Honda's associated companies and a further $20 million by the company's parts suppliers to expand their own respective facilities.
The first motorcycle is expected to roll off the new line by the beginning of October 2016. The expansion would lead to the generation of 1,800 direct jobs and a further 5,000 jobs at its associate companies and part manufacturing partners.
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