Indus Motor Company to Shut Down its Plant

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Indus Motor Company (IMC), the makers of Toyota vehicles in Pakistan has decided to shut down all productions for the remaining days of September, according to report published in Dawn.

Related: Ailing Auto Industry Shows no Signs of Recovery

This will bring the total number of non-production days to 15 in the month due to ongoing plunge in demand. According to information, the company had observed 8 non-production days in July and 12 in August already.

Indus Motor Company to Shut Down its Plant 1

The imposition of federal excise duty ranging from 2.5 to 7.5% on various engine capacity cars, constantly increasing prices due to rupee-dollar parity coupled with additional customs duty on imported parts and raw material and high interest rates had pushed most of their vehicles out of the range of masses.

Related: Car Sales Dipped 41% in the Month of August

As per sources, IMC plant and its countrywide dealership network has piled up unsold inventory of over 3,000 vehicles, while the plant is running at 50% capacity in September.

Indus Motor Company to Shut Down its Plant 2

Toyota Corolla production and sales dropped to 5,308 units and 3,708 units respectively in July-August from 8,804 and 8,770 units in same period last fiscal year, representing a fall of 40 and 57% respectively.

Related: Honda Atlas Halts Car Production in Pakistan

Furthermore, Toyota Hilux production and sales plunged to 793 units and 716 units from 1,383 and units 1,292 units, a drop of 42% and 44% respectively. Further, production and sales of Toyota Fortuner came down to 232 units and 162 units from 484 units and 424 units, rendering a decline of 52% and 62% respectively.

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Sheheryar Maqsood
1 year ago

if these assemblers need to increase price for everything they import, why not just import cars and everyone be happy. after all imported cars will be hell better then trash these looters been producing since last 30 years. pathetic quality cars for a price of residential plot.. a big NO… thank you INDUS you may leave and let us enjoy better cars

Umair Afaq
Reply to  Sheheryar Maqsood
1 year ago

totally agree sir. just let us import what we want. Indus aap khud parts import kar k hum se 6 times ziada wusool na karain aur badlay mai ghatiya quality with zero safety dena band karain plz

1 year ago

tabdeeli a nahi gai. tabdeeli a chuki haicomment image

Mohsin Raza
1 year ago

Thats a great news…👍👍👍All should boycott honda and toyota buying a sedan of 33 lac and 40 lac

M Haris
1 year ago

They inflated prices by their own will. Cheap cars being overpriced with no features. They must be thrown out

Tahir Kamal
1 year ago

not good for pakistan. if investors will leave then who will come?

تنویر امام
1 year ago

وہ رہائشی پلاٹ کی قیمت کے برابر ناقص کاریں فروخت کررہے تھے … آخرکار جو بھی ہو رہا ہے وہ بجا طور پر اس کے مستحق ہیں۔