Indus Motor Company Limited ("the Company") hereby submits the following material information: This is in continuation of letter dated August 30, 2024, addressed to the PSX regarding the "Investment of PKR 4.1 billion for the localization of parts and components of various existing vehicles," which is currently ongoing and is expected to be completed by the end of the calendar year 2026. The company informed that the Board of Directors, in its meeting held on April 24, 2026, has approved an additional investment of PKR 1 billion to further enhance the localization of parts and components. This brings the total investment in the localization project to PKR 5.1 billion.
This initiative forms part of the Company's overall strategy to progressively increase the localization of parts and components for locally manufactured vehicles, with the objective of reducing the outflow of foreign exchange, promoting the domestic automotive industry, generating employment, and contributing to the national economy. The announced investment will be utilized for expenditures on plant and machinery, molds, dies, equipment, and other related costs associated with the local manufacturing of parts and components for the vehicles. The additional investment of PKR 1 billion is expected to be completed by the end of calendar year 2027.
Indus Motor Company Limited is a Pakistan-based company, which is engaged in the assembling, progressive manufacturing, and marketing of Toyota vehicles. The Company also acts as the sole distributor of Toyota and Daihatsu vehicles in Pakistan. The Company’s factory is situated at Plot No. NWZ/1/P-1, Port Qasim Industrial Estate, Bin Qasim, Karachi. The Company’s segments are Manufacturing and Trading. The Company offers products, including Toyota Corolla Altis X, Toyota Yaris, Toyota Camry Hybrid, Toyota Corolla Cross, Toyota Fortuner, Toyota Revo, Toyota Hilux E (Standard), Toyota Hilux Single Cabin, Toyota Hiace Deluxe, Toyota Hiace and Toyota Coaster. In addition, the Company offers services, which include a Toyota protection plan, extended warranty, and prepaid periodic maintenance.
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Global
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ESG MSCI
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