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KARACHI: Indus Motor Company Limited (INDU), a prominent assembler and distributor of Toyota vehicles in Pakistan, has announced a temporary suspension of production operations from September 26 to 30, 2024.
This decision comes amidst ongoing supply chain challenges and inventory shortages that have hindered the company’s ability to meet its production requirements.
The company, established in 1989 through a joint venture between House of Habib, Toyota Motor Corporation, and Toyota Tsusho Corporation, has been grappling with low levels of raw materials and component inventory.
This shortage has resulted in a scarcity of essential parts and components necessary for vehicle production.
In a stock filing on Thursday, INDU attributed the production halt to the current inventory and supply chain issues. The company stated, “Consequently, the Company has decided to temporarily suspend operations at its production plant from September 26, 2024, to September 30, 2024, five days inclusive.”
This temporary halt marks the second production suspension for INDU in recent months, following a brief closure from August 6 to 8, 2024, due to similar reasons.
As the sole distributor of Toyota vehicles in Pakistan, INDU plays a vital role in the country’s automotive industry.
The production halt may have implications for INDU’s production targets, customer deliveries, and overall business operations. However, the company aims to resume production promptly once the inventory and supply chain issues are resolved.
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