Overview
Toyota Pakistan growing fast and enhancing its production. Earlier the company showed the first locally assembled Corolla Cross Hybrid to PM Shehbaz Sharif. Now they announced to start exporting auto parts to Egypt. Toyota Pakistan is now a member of the automaker club exporting auto parts to other countries. The already member of this club is Changan Pakistan and Sazgar Engineers.
The ongoing depressed economic situation has also disturbed the company’s business and production line. But it seems Toyota didn’t stop moving to success and putting in hard effort. Stepping into a global network will enhance the company’s growth and increase revenue.
IMC Statement
During the press release, Toyota Pakistan excitedly announced its biggest achievement and significant step toward global footprints. Establishing a position in the global market as a locally assembled car maker is a big achievement for the company. This would be a success for local automotive parts to be a part of Toyota Global’s supply chain. Becoming a part of Toyota Global’s supply chain will also encourage others to such amazing growth.
As per the details, the first consignment of semi-processed raw material from Toyota Pakistan to Toyota Egypt will remark the beginning of an era from an export point of view under any Original Equipment of Pakistan (OEP) in Pakistan and it will continue in this direction further.
The partnership between Toyota Pakistan and Toyota Egypt is set up under the Auto Industry Development and Export Policy (AIDEP) 2021-2026. It will make a significant impact on Toyota Pakistan’s growth and give a purpose and task to the company to improve quality and test new opportunities.
Conclusion
This would be considered the biggest achievement for Pakistan’s local business to cross international borders and make way for growth. Exporting auto parts to other countries will also contribute to economic growth. This would strengthen the automotive industry and give a hand to Pakistan’s automotive industry growth.
