Karachi, August 20, 2024: Indus Motor Company (IMC) announced notable progress in the local auto industry, highlighting recent achievements in localization and international expansion. During a visit to IMC’s plant, Chief Executive Officer, Ali Asghar Jamali briefed the Governor of Sindh, Mr. Kamran Tessori, on the company’s advancements and future plans.
The Governor whilst on the company’s state-of-the-art manufacturing facility tour, was briefed on the latest production processes utilized, including the globally renowned Toyota Production System.
Indus Motor, one of the leading players in Pakistan’s automotive industry, has been the front-runner of the “Make in Pakistan” initiative, localization efforts in the country and a US$100 million investment for the introduction of the fuel efficient and environmentally friendly, 4th generation Corolla Cross, the country’s first locally manufactured HEV with the highest-ever local content in the SUV category.
Governor Applauds IMC’s Impact and Local Achievements
The Governor, lauding IMCs contributions to the local auto industry, expressed, “It’s been a remarkable experience visiting Indus Motor and witness first-hand its modern plant that has set a benchmark in Pakistan’s automotive industry. The heavy capital and human resource investment speak volumes of the company’s focus on the quality and safety of its products. It’s no wonder that our people love and trust the Toyota brand. The company’s recent foray into export of “Make in Pakistan” Toyota vehicles and parts is commendable, one that firmly places Pakistan on the world map. The provincial government is keen to continue supporting initiatives that drive economic growth and also promote environmental responsibility not only in Sindh, but across the country.”, said the Governor, Kamran Tessori.
Mr Jamali welcomed the Governor and commended the government’s support, which has been pivotal in aiding the recovery of the auto industry through a challenging period. “We’re honoured to have the Governor visit us at the Plant and his presence reaffirms the government’s support for industrial growth. We are committed to contribute to the country’s economic development and have also recently exported our skilled human engineering talent to Japan. This exchange of knowledge and expertise not only benefits the individuals but also positions Pakistan as a hub of skilled labor in the global automotive industry.”
Mr. Jamali Celebrate IMC’s Progress and Industry Impact
Mr. Jamali highlighted the impressive 64% localization levels achieved by Toyota’s models’, with the Corolla range now boasting over 60% localization. He also added that, IMC has commenced the export of semi-processed raw materials to Egypt and vehicles to Oceanian countries, marking a significant milestone in Pakistan’s OEM export history.
Governor Sindh, Mr. Kamran Tessori, appreciated IMC’s contributions to the local auto industry, the national economy, and employment generation. He affirmed his commitment to supporting initiatives that foster the growth of the manufacturing sector and bolster Pakistan’s economic development.
To read our blog on “Toyota IMC to Invest Rs. 3B in domestic auto part production,” click here.
