Toyota Indus Motors Pakistan has delivered some heartbreaking news. The country’s largest automobile manufacturer has declared that it would discontinue manufacturing for a few days. For a total of ten days, the corporation will lock its doors and terminate manufacturing due to a backlog in import permissions.
The firm announced the bad news through all of its official channels. While the news is disappointing, investors and fans were preparing for it given the country’s present economic situation.
Toyota Indus Motors Company (IMC) history
Indus Motor Company Limited, often known as Toyota Indus, is a Pakistani carmaker that is a part of the Japanese multinational automaker. It is headquartered in Karachi, Pakistan. House of Habib, Toyota Tsusho, and Toyota Motors formed a joint partnership in 1989.
What causes Toyota Indus Motors to take this critical step?
The implementation of this additional clearance has made obtaining foreign car components as well as (Completely Knocked Down) CKD kits extremely difficult and time-consuming. The permission was delayed, which caused a delay in the purchasing of all raw materials shipments.
- Economic crisis warning.
- Indus Motor has discontinued production.
- The cause for the shutdown of production plants.
IMC has declared that it would shut down operations immediately from December 20, 2022, to December 30, 2022, due to the present economic situation.
