Indus Motor Company (IMC) Limited has announced a temporary shutdown of its production plants for three days due to ongoing supply chain disruptions. The suspension, which will last from November 27 to November 29, was revealed in an official statement issued by the company to the Pakistan Stock Exchange (PSX) on Tuesday. IMC cited a … Read more
Indus Motor Company (IMC) Limited will halt production from July 15 to July 22. The decision is driven by low vehicle inventory and parts shortages. Pakistan’s auto sector faces difficulties amid sluggish economic growth. The Indus Motor Company (IMC) Limited, known for assembling and selling Toyota vehicles in Pakistan, has announced a temporary shutdown of … Read more
Indus Motor Company (IMC) plans to export 50 locally assembled Toyota vehicles to Europe. Toyota Pakistan’s CEO, Ali Asghar Jamali, announced the export plans during a media briefing. The export is expected to generate $1.5 million in foreign exchange. Indus Motor Company (IMC), renowned for manufacturing Toyota vehicles in Pakistan, has announced plans to export … Read more
Indus Motor Company’s CEO urges higher taxes on used imported cars to support the local auto industry. Increased duties on used cars are seen as crucial for industry growth amidst stable economic conditions. Positive performance was noted for the Toyota Corolla Cross, highlighting the success of localized parts. Ali Asghar Jamali, the Chief Executive Officer … Read more
Indus Motor Company (IMC) has brought an exclusive offer for Toyota Corolla Cross Hybrid Electric in order to attract more customers. The recently introduced Corolla Cross Hybrid Electric has achieved notable success. However, IMC plans to enhance sales by introducing an enticing offer for customers. Toyota Pakistan, also known as IMC, has collaborated with specific … Read more
In a groundbreaking announcement, Indus Motor Company (IMC), Toyota’s local partner in Pakistan, has introduced the first-ever locally manufactured hybrid electric vehicle (HEV) in the country. The much-anticipated vehicle, the fourth-generation Toyota Corolla Cross HEV, was unveiled at IMC’s state-of-the-art plant in Karachi. The decision to produce the Corolla Cross HEV locally stems from the … Read more
In a groundbreaking move, Indus Motor Company (IMC) has invested a significant $100 million towards the development of hybrid vehicles in Pakistan, with the Toyota Corolla Cross being the flagship product of this ambitious initiative. The buzz around the eagerly awaited crossover SUV has reached new heights as Toyota Pakistan recently initiated a comprehensive teaser … Read more
Toyota reduces car prices in Pakistan by up to Rs. 1.3 million. The price reduction is due to the appreciation of the Pakistani rupee against the US dollar. The new prices will be effective on October 24, 2023. Indus Motor Company (IMC), the Toyota vehicle assembler in Pakistan, has chosen to transfer the benefits of … Read more
Car sales in Pakistan fell by 64% in July 2023 compared to the previous year. The decline in sales was attributed to rising interest rates and prices, which have discouraged potential buyers. Honda Atlas Car (HCAR) saw a 61% MoM increase in sales, while Hyundai also saw a 2% MoM increase. Car sales in Pakistan … Read more
ISLAMABAD: The local auto industry continues to face multiple challenges, making it difficult for the manufacturers to stay afloat and create value for the national economy. Ali Asghar Jamali, chief executive of the Indus Motor Company (IMC), said that the local auto industry has faced a severe blow with the prevailing economic conditions that show … Read more
Restrictions on the import of completely knocked down (CKD) kits are damaging the already under stress automobile industry, said Ali Asghar Jamali, chief executive officer of Indus Motor Company. “We know the country is passing through a difficult phase due to high trade deficit. We support measures to overcome the trade deficit but these should … Read more
KARACHI: Earnings of the KSE-100 Index increased significantly, displaying a jump in quarterly profit of 19.9 per cent. However, almost all listed companies involved in manufacturing, assembling and production activities have complained of the supply chain challenges, which would take a toll on the demand and profitability. According to industry sources, the freight for spot … Read more
KARACHI: The use of electric vehicles by countries vary worldwide, as the adoption of plug-in electric vehicles is affected by the consumer demand, market prices, availability of charging infrastructure, and government policies. The electric vehicles had already caught the interest of a large population of the developed countries and Pakistani public also awaits with excitement. … Read more
KARACHI: The Indus Motor Company (IMC) will invest $100 million for localised manufacturing of hybrid vehicles, opening doors for new hybrid technology, an official of the company said on Friday. Indus Motor Company chief executive officer Ali Asghar Jamali said that the IMC recently announced an investment of $100 million for localised manufacturing of hybrid … Read more
KARACHI: The automobile sales registered a whopping 215 percent growth in volumes to reach 20,311 units in May 2021, compared with 6,454 units sold in the corresponding period of the last year, in the wake of the lockdown in May 2020. Cumulatively, the volumes rose 62 percent during the 11 months of FY21. “The massive … Read more
