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Honda Pakistan Accelerates Customer Spare Part Planning by 80% Using IBM Systems & Storage Solutions
National
May 26, 2021
karachi: IBM (NYSE: IBM) and GBM Pakistan (Private) Limited (GBM Pakistan), an IBM Business Partner, today announced that Honda Atlas Cars Pakistan (Honda Pakistan) has selected IBM Systems and IBM Storage solutions to run its real-time planning solution, based on SAP S/4HANA. The move was designed to enhance customer experience across Honda Pakistan’s 35 dealerships in the country and boost its after-sales services. Today, Honda Pakistan benefits from an approximately 80% acceleration in spare part planning for its customers.
Honda Pakistan is a joint venture between Honda Motor Company Limited and the Atlas Group of Companies and produces over 50K units per annum. In 2015, it turned to IBM Global Business Services (GBS) to deploy its initial SAP ECC Enterprise Resource Planning (ERP) system to benefit from real-time planning and in turn, improve custome
Honda Atlas Posts Unbelievable Increase in Profits in FY2021
Honda Atlas Cars Pakistan Ltd. (HCAR) has announced its financial results for the year that ended on 31 March 2021.
The company reported a profit of Rs. 1.79 billion during the year, up by 163 percent as compared to a profit of Rs. 681 million in the previous year.
The sales during the year were up by 22.40 percent to Rs. 67.36 billion, as compared to Rs. 55.04 billion that was recorded last year. It also announced a final cash dividend of Rs. 4.52 per share.
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The revenues were up due to a seven percent increase in the sales volume to 24,072 units during MY21, as compared to 22,417 units sold in MY20. The main reason behind the increase in its profits was growing sales as the volumes bounced back due to attractive auto-financing rates and the release of pent-up demand with lower finance costs. Another reason for it was the higher car prices charged by the company for the period.
Honda Atlas selects IBM Systems
Business
May 21, 2021
KARACHI: IBM and GBM Pakistan, an IBM Business Partner, on Thursday announced that Honda Atlas Cars Pakistan has selected IBM Systems and IBM Storage solutions to run its real-time planning solution, based on SAP S/4HANA.
The move was designed to enhance customer experience across Honda Pakistan’s 35 dealerships in the country and boost its after-sales services.
Honda Pakistan Vice President Maqsood-ur-Rehman Rehmani said, “In just a few years, rapid economic growth in Pakistan has caused dramatic changes both in the competitive landscape and consumer expectations.”
Through the deployment of IBM Power Systems, Honda Pakistan would benefit from optimised performance and real-time planning. It also was able to drive up server utilisation and reduce its spending on power and cooling in its data centre. IBM Pakistan Country General Manager Asif Ahmad said, “In a growing sector like the automotive industry in Pakistan,
KSE-100: Protests, strikes dents market sentiment; index loses 392 points
April 20, 2021
Bears returned to the Pakistan Stock Exchange (PSX) on Monday, over rising uncertainty owing to violent protests in Lahore and subsequent calls of countrywide strike.
On the first trading session of the week, the benchmark KSE-100 opened on a negative note and touched intra-day low at 44,611.83 level after losing 693.8 points. However, paring early losses, the index clocked at 44,913.57 by the closing bell after posting loss of 392 points
During the session the market reacted to rising uncertainty in the country, owing to violent protests by the banned outfit in Lahore and subsequent calls of a nationwide strike by former chairman of the Ruet-e-Hilal Committee, Mufti Muneebur Rehman, which was backed by JUI-F chief Maulana Fazlur Rehman and JI Chief Sirajul Haq. The rising political noise dented the sentiments and kicked off a selling pressure.