Indus Motor Company introduced the Toyota Yaris in 2020 to the Pakistani automobile market, igniting a buzz in the sedan category. Despite facing formidable competition, this five-door vehicle quickly captured the attention of car enthusiasts nationwide. Known for its stellar reputation for reliability, the Yaris solidified Toyota’s legacy in Pakistan. As of now, there are … Read more
KARACHI: Indus Motor Company (IMC) has not laid off any employees despite a halt in production due to restrictions on the import of completely knocked down (CKD) units. A decline in demand due to the impact of flood will also likely result in the volumes of the company dropping up to 50 per cent. The … Read more
KARACHI: The auto sector production is booming, but the industry is also suffering a squeeze on margins through higher costs, and buyers have to pay much more for vehicles compared with most of the world. Despite multiplying prices, there has been no letup in car sales. However, FY23 is going to be a challenging year … Read more
KARACHI: Indus Motor Company Limited (INDU) earnings recorded a growth of 111 per cent to Rs10.17 billion translating into the earnings per share (EPS) of Rs129.45 during the first half of fiscal year 2022. The company recorded a profit of Rs4.80 billion (EPS: Rs61.08) during the same period last year. During the second quarter of … Read more
KARACHI: Toyota will invest over $100 million for the local production of hybrid electric vehicles (HEVs) in Pakistan. The investment would go towards localisation of components, plant expansion and production preparation for the first hybrid electric vehicle to be manufactured at the Indus Motor Company Limited (IMC) plant located at Port Qasim, Karachi, said Ali … Read more
KARACHI: The Indus Motor Company has declared a final cash dividend of Rs36.5/share for the year ended June 30, 2021, which is in addition to the interim dividend of Rs67/share already paid to the shareholders. Indus Motor posted a net profit of Rs12.82 billion, translating into the earnings per share (EPS) of Rs163.21 for FY21, … Read more
KARACHI: The Auto Industry Development Plan (AIDP 2026), which is expected to be finalised by the first week of August, enables grounds for an expansionary cycle for the sector with new entrants coming in and existing players undertaking expansion. “The policy with relevant concessions eyed for setting up Hybrid Electrical Vehicles (HEV) and Electrical Vehicles … Read more
