IMC Offering Huge Discounts on Toyota Corolla XLi
In order to celebrate 30 years of its presence in Pakistan, Indus Motor Company (IMC) is offering special offer on purchase of 1.3 liter Corolla XLi variants.
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IMC Will Observe Non Production Days in November Also
With Toyota Corolla suffering from 60% decline in sales, IMC will observe 5 non production days in November while the company will continue to operate on single shift basis till the end of this year.
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Toyota & Honda Suffering Due to Absence of Small Hatchbacks
Toyota & Honda are suffering due to absence of small hatchbacks in their lineup in Pakistan. Both automakers are observing plant shutdowns since last 4 months due to high prices & low demand while both have failed to offer a smaller hatchbacks in nearly 30 years.
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Indus Motor Company Suffers From 62.4% Decline in Profits
The profit of Indus Motor Company (IMC) took a hit as company’s earnings declined 62.4% to Rs 1.32 billion in the quarter ended September 30, 2019 owing to worsening sales volumes.
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Toyota Corolla Sales in Pakistan Reduced by -58%
As of Q1, 2019 sales of Toyota Corolla have reduced by -58% with just 5,503 units compared to 13,196 units sold in the same period of previous year.
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No Job Cuts Says IMC
Indus Motor Company (IMC) has announced that there will be no layoff of employees despite a slowdown in production.
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Honda and Toyota to Observe Plant Shutdowns in October Also
Indus Motor Company and Honda Atlas have been observing plant shutdowns during the last couple of months already. Now according to reports the non-production days (NPD) will continue to be observed in October as well.
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Toyota Hilux and Fortuner Sales Reduced by -49%
Toyota Hilux and Fortuner sales have been reduced by -49% during the first two months of current fiscal year.
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Toyota Corolla Might Not Remain the Best Selling Car in Pakistan
Toyota Corolla might not remain the best selling car in Pakistan in future.
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IMC Might Delay Toyota Yaris Launch by February 2020
IMC might delay the launch of Yaris by February 2020. The reason behind this is probably the dreadful slowdown in sales the auto industry is currently going through, due to which the company is facing a hard time clearing Corolla stocks.
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