Business Desk
Aug 06, 2024
Indus Motors Company (IMC), the maker of Toyota vehicles, has decided to shut down its production plant in Pakistan from August 6-8, citing low inventory levels.
In a letter addressed to the general manager of the Pakistan Stock Exchange (PSX), the IMC management stated that the company is facing supply chain challenges.
“The company is currently experiencing low levels of inventory of raw materials and components, and facing continuous supply chain challenges, resulting in shortages of parts and components necessary for vehicle manufacturing. Under these circumstances, the company is unable to meet its production requirements," the letter explained.
“Therefore, the company has decided to temporarily close its production plant from August 6, 2024, to August 8, 2024, inclusive of both dates,” the letter concluded.
Read more: Toyota launches updated GR Corolla with latest features
It is worth noting that last month, IMC announced it had begun exporting certain vehicles to other Toyota-affiliated companies.
“We are pleased to announce that IMC has commenced an export activity of certain vehicles to other Toyota-affiliated companies,” the company stated.
“This event not only highlights our dedication to expanding our business horizons but also underscores our commitment to contributing to Pakistan’s presence in the international market,” the company added.
