Indus Motor Company Limited has officially informed the Pakistan Stock Exchange Limited of a significant change in its board composition. Mr. Victor Cheyi Lin has been appointed as the Alternate Director to Mr. Akihiro Murakami, with the change taking effect from April 1, 2024. This appointment follows the resignation of Mr. Yoshihiro Ikegame, who will step down from his position on the same date.
The company's announcement ensures that the TRE Certificate Holders of the exchange are updated regarding thiskey board-level appointment, reflecting Indus Motor Company's commitment to maintaining a strong and effective governance structure. Mr. Lin's appointment is anticipated to bring fresh perspectives and insights to the company, supporting its strategic direction and operational excellence.
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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