KARACHI: The Indus Motors Company Limited (INDU) registered a decline of 72 per cent in its profit-after-tax during the second quarter of the fiscal year 2022/23, a statement issued by the company said on Monday. The profit-after-tax of the company for the second quarter ended December 31, 2022 fell to Rs1.33 billion, compared with Rs4.75 … Read more
KARACHI: The Indus Motors Company Limited on Tuesday announced to completely shut down its motor vehicle production plant from February 1, 2023. In a communication shared with the Pakistan Stock Exchange (PSX), the company, the manufacturer of Toyota cars in Pakistan, said that in light of the recently introduced mechanism through a Circular No 20 … Read more
Indus Motors will shut down production for 10 days It cited the lack of spare parts for auto sector The plant will be closed from 20-30th December KARACHI: Indus Motors, the largest carmaker in the country, has announced to shut down operations for ten days from December 20. The maker of Toyota vehicles said the … Read more
KARACHI: Pakistan car sales, including the sales of non-Pama members declined 25 per cent on a month-on-month basis to clock-in at 24,000 units in January 2022. Analysts at Topline Securities said that the decline in the sales is due to the high base and pre-buying in the anticipation of price increase by the auto-assemblers. Pakistan … 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 Indus Motor Company has announced a whopping $100 million investment in Hybrid Electric Vehicles (HEVs) production over the next three years, a bourse filing said on Wednesday. “We are pleased to announce that based on the incentives provided against certain taxes and duties as announced by the government of Pakistan through the Finance … Read more
