Pakistan’s AuVitronics Limited, a House of Habib company is set to export car part to Toyota Motors Vietnam (TMV), making it a member of Toyota’s global supply chain.
Indus Motor Company (IMC) had requested Toyota Motor Corporation to let AuVitronics supply Absorber FR Bumpers to TMV since the same Toyota Corolla that is sold in Pakistan is being assembled in Vietnam also. The said part will be installed on the rear side of the front bumper cover in Corolla and was approved after a rigorous process & stringent quality checks. IMC along with the local supplier reduced the development lead time to half in order to meet TMV’s tougher timelines.
According to CEO of IMC Ali Asghar Jamali:
“IMC has been striving for the development of the auto sector for the last thirty years. We have fulfilled our commitment to the country and promoted the auto and engineering industry in Pakistan and today we are achieving new successes.”
Now as part of the global supply chain of Toyota, IMC will further develop the industrial base of the country, the CEO added. According to Jamali IMC has already helped local vendors sign around 30 technical assistance agreements with foreign companies. He also added that consistency in government policies can help companies achieve long term export objectives. Government should nurture the industry and induct growth oriented interventions and generate revenue from higher volumes rather than increasing tax rates.
Meanwhile, CEO of AuVitronics Limited, Syed Abbas-ul-Hussaini said:
“It is a great pleasure for Pakistan to become part of the global supply of Toyota and it is the beginning of a new era for the local auto industry as it has opened new export markets for the sector”.