Business & Finance Indus Motor, Ghandhara Tyre temporarily halt production Amid challenges in the country’s auto sector, including material shortage and operational adjustments, two prominent... Updated 26 Nov, 2024 08:45pm
Markets Indus Motor temporarily halts operations citing inventory shortage Indus Motor Company (INDU), the manufacturer/assembler of Toyota vehicles in Pakistan, has announced to suspend its... Updated 28 Oct, 2024 10:16pm
Business & Finance Indus Motor Company’s profit up 58% at Rs5.09bn in 1QFY25 Indus Motor Company (IMC) reported a profit of Rs5.09 billion for the quarter ended September 30, 2024 (1QFY25), an... Updated 28 Oct, 2024 12:11pm
Business & Finance Indus Motor temporarily halts production citing material shortage Indus Motor Company (INDU) has announced the shutdown of its plant for five days citing low inventory and a shortage... Updated 25 Sep, 2024 07:05pm
BR Research Indus Motors Company Limited Indus Motors Company Limited (PSX: INDU) was incorporated in Pakistan in 1989 as a joint venture between some... Published 16 Sep, 2024 06:38am
Business & Finance Despite auto sector’s slowdown, Indus Motor Company’s profit up 56% at Rs15.07bn in FY24 Indus Motor Company (IMC) reported a profit of Rs15.07 billion for the fiscal year that ended June 30, 2024 (FY24),... Updated 02 Sep, 2024 10:37pm
Markets Indus Motor to invest another Rs1.1bn ‘for additional localization’ Indus Motor Company Limited (INDU) announced that its board has approved an additional investment of Rs1.1 billion... Updated 02 Sep, 2024 04:33pm
Markets Indus Motor again temporarily shuts production citing low inventory Indus Motor Company Limited (IMC), the assembler/manufacturer of Toyota-brand vehicles in Pakistan, again said it... Published 05 Aug, 2024 03:32pm
Business & Finance Indus Motor starts vehicle export to other Toyota affiliated companies, but ‘financial benefits minimal’ Indus Motor Company Limited (IMC), the assembler/manufacturer of Toyota-brand vehicles in Pakistan, said it has... Updated 31 Jul, 2024 03:39pm
Markets Indus Motor temporarily halts production citing inventory shortage Indus Motor Company (IMC), the manufacturer and assembler of Toyota-brand vehicles in Pakistan, has announced a... Updated 12 Jul, 2024 11:14pm
Markets ‘Big three’: car companies hit 21-year low in annual sales volume in Pakistan Pak Suzuki, Honda, and Toyota – Japan’s major auto companies – often attributed as the “Big Three” are expected to... Updated 09 Jul, 2024 11:24pm
Business & Finance ‘Protect local auto industry’: Indus Motor CEO wants higher duties, taxes on import of used cars Ali Asghar Jamali, Chief Executive Officer of Indus Motor Company (IMC) that assembles/manufactures Toyota-brand... Published 06 Jun, 2024 12:01am
Business & Finance Car sales in Pakistan surge 12% MoM in April Car sales in Pakistan increased 12% on a monthly basis in April 2024, as the total number of units sold in the said... Published 13 May, 2024 11:10pm
Business & Finance Indus Motor Company’s profit jumps 38%, amounts to Rs4.45bn in Jan-Mar Indus Motor Company (IMC) reported on Monday a profit of Rs4.45 billion for the three-month ended March 31, 2024, an... Updated 29 Apr, 2024 09:25pm
Business & Finance Pakistan car sales drop 3% MoM in March Pakistan car sales in March totaled 9,379 units, reflecting 3% decrease compared to the previous month and 1%... Updated 18 Apr, 2024 03:57pm
Business & Finance After launching hybrid, Indus Motor introduces cheaper, petrol variants of Corolla Cross Gasoline vehicles priced at Rs8.199mn and Rs8.899mn Updated 22 Mar, 2024 09:53pm
Business & Finance After Indus Motor, Honda Atlas reduces City’s prices in Pakistan Honda Atlas Cars announced on Friday a price reduction of up to Rs140,000 on two of its City variants on Friday,... Updated 15 Mar, 2024 08:02pm
Business & Finance Indus Motor reduces Toyota Yaris prices in Pakistan by up to Rs133,000 Indus Motor Company, the maker of Toyota cars in Pakistan, announced on Thursday a price reduction for its Yaris... Updated 14 Mar, 2024 09:23pm
Markets Car sales in Pakistan surge 57% YoY in February However, during first eight months of fiscal year 2024, total car sales stood at 59,699 units, a 41% decline compared to the same period last year when sales stood at 101,426 units Updated 12 Mar, 2024 10:35pm
Markets Indus Motor temporarily halts production citing inventory shortage Company to close its plant from March 6 to March 11 Updated 06 Mar, 2024 03:07pm
BR Research Do it like Indus Motors Factory-wide shutdowns due to now long-running supply constraints, still steep prices, and a resulting decline in... Published 26 Feb, 2024 09:16am
Business & Finance Indus Motor Company to invest Rs3bn ‘for additional localization’ of parts, components In a key development for the country’s auto sector, Indus Motor Company Limited (INDU) announced that its board has... Updated 22 Feb, 2024 03:36pm
Business & Finance Indus Motor posts 89% higher profit of Rs4.96bn in 1HFY24 Indus Motor Company (IMC) reported on Thursday a profit of Rs4.96 billion for the half-year ended December 31, 2023,... Published 22 Feb, 2024 11:30am
Business & Finance December: high prices, inflation drag auto sales down 66% in Pakistan Car companies saw their sales decline significantly – 66% down in December 2023 when compared to sales in December... Published 11 Jan, 2024 08:28pm
Business & Finance Corolla Cross hybrid vehicle: ‘IMC sets very high bar for competitors to match price, technology’ KARACHI: The entry of the local Toyota Corolla Cross hybrid electric vehicle (HEV) into Pakistan’s SUV market is... Updated 27 Dec, 2023 10:39am
Business & Finance Toyota Pakistan’s chief says 50% of Corolla Cross value comes from localised parts Indus Motor Company, the assembler of Toyota vehicles in Pakistan, has recently launched its Hybrid Electric Vehicle... Published 20 Dec, 2023 09:00pm
Business & Finance Passenger car sales in Pakistan plunge 68% YoY in November Passenger car sales in Pakistan witnessed a steep fall of 68% on a year-on-year (YoY) basis in November 2023, data... Published 11 Dec, 2023 09:11pm
Business & Finance Indus Motor Company lines-off Pakistan’s first 1800cc hybrid EV Indus Motor Company (IMC) lined-off the 4th generation Toyota Corolla Cross Hybrid Electric Vehicle (HEV) at a... Published 06 Dec, 2023 07:10pm
BR Research Cuts and scrapes Assembly plants for Indus Motors (PSX: INDU) will remain closed for another 6 days after the company completes its... Published 10 Nov, 2023 08:34am
Print Locally-produced cars: IMC CE lists factors behind high prices ISLAMABAD: Indus Motor Company (IMC) Chief Executive Ali Asghar Jamali has said issues such as high taxation,... Updated 09 Nov, 2023 03:59pm
Business & Finance Indus Motor Company posts profit of Rs3.22bn in July-September, 148% higher YoY Indus Motor Company (IMC) reported on Friday a profit of Rs3.22 billion for the quarter ended September 30, 2023, an... Updated 27 Oct, 2023 10:55pm
Business & Finance As high as Rs1.31mn: Indus Motor announces significant reduction in Toyota car prices Rates reduced in range of 2 to 8% following rupee's recent appreciation against US dollar Updated 24 Oct, 2023 06:54pm
Business & Finance Indus Motor Company announces month-long plant shutdown Indus Motor Company (IMC), the assembler of Toyota vehicles in Pakistan, has once again announced that it will shut... Published 16 Oct, 2023 04:28pm
Business & Finance Pakistan’s car sales rise 10% MoM, fall 26% YoY in September Stand at 8,312 units during the month Published 11 Oct, 2023 08:47pm
Business & Finance Indus Motor Company announces another plant shutdown Indus Motor Company (IMC), the assembler of Toyota vehicles in Pakistan, has once again announced that it will shut... Published 27 Sep, 2023 04:22pm
Business & Finance Pakistan’s car sales jump 49% MoM in August Car sales in Pakistan witnessed an increase of 49% on a month-on-month (MoM) basis in August 2023, clocking in at... Published 11 Sep, 2023 08:37pm
BR Research Ode to localization? Sometime last week when Indus Motors (PSX: INDU) submitted its financial statements to the PSX, BR Research... Published 08 Sep, 2023 08:40am
Business & Finance Import of used cars crippling local auto industry: IMC chief LAHORE: Chief Executive Indus Motor Company (IMC), Ali Asghar Jamali has lamented that total used car imports have... Published 07 Sep, 2023 06:21am
Business & Finance Indus Motor counting on its hybrid Corolla Cross as petrol prices hit record high KARACHI: Indus Motor Company, the maker of Toyota-brand vehicles in Pakistan, is betting on its upcoming hybrid car,... Updated 30 Aug, 2023 08:03pm
BR Research Indus Motors: Fortune favours the bold Exactly one year ago in August, Indus Motors (PSX: INDU) had reduced prices for all locally assembled models in the... Published 30 Aug, 2023 06:35am
Business & Finance Indus Motor Company’s profit falls 39% YoY to Rs9.66bn in FY23 Company declares final cash dividend of Rs29 per share Updated 28 Aug, 2023 10:10pm
Business & Finance Indus Motor Company again announces 12-day plant shutdown Indus Motor Company, the assembler of Toyota automobiles in Pakistan, has decided to shut production from August 25,... Published 24 Aug, 2023 04:02pm
Business & Finance First month of FY24: Car sales down 57% YoY as rising prices suppress demand Pakistan Automotive Manufacturers Association says only 5,092 units were sold in July Published 11 Aug, 2023 10:36pm
Business & Finance Indus Motor announces another plant shutdown Indus Motor Company (IMC), the assembler of Toyota vehicles in Pakistan, has once again announced that it will shut... Published 20 Jul, 2023 09:42pm
Perspectives Indus Motor Company and its export: Pakistan needs to do a lot more The responsibility lays with the govt to ensure Pakistan's long-term interests are kept in mind Updated 20 Jul, 2023 08:58pm
Business & Finance Fiscal year 2022-23: car sales drop 56% due to high prices, low purchasing power Automobile firms sell 126,879 cars in previous fiscal year Published 11 Jul, 2023 09:33pm
Business & Finance Pakistan’s Indus Motor Company starts exports to Toyota Egypt: CEO Agreement signed, Ali Asghar Jamali says 'too early' to deem it turning point for struggling auto sector Updated 11 Jul, 2023 06:52pm
Business & Finance Pakistan’s Toyota assembler shuts production plant yet again This is Indus Motor’s fifth announcement of production closure this year Published 23 Jun, 2023 05:18pm
Pakistan A day after company delegation meets PM, Indus Motor announces 1-week plant shutdown Cites insufficient inventory levels to maintain production in notice to PSX on Friday Updated 02 Jun, 2023 07:34pm
Print IMC team meets PM to showcase first locally-made Toyota Corolla Cross HEV ISLAMABAD: A delegation from Indus Motor Company, led by Vice Chairman Shinji Yanagi and Chief Executive Ali Asghar... Updated 02 Jun, 2023 12:42pm
Pakistan MSCI removes Bank Alfalah, EPCL & Indus Motor from Small Cap Indexes MSCI Inc, a leading provider of decision support tools and services for the global investment community, in its... Updated 12 May, 2023 07:20pm
Business & Finance Indus Motor Company to launch locally-assembled Hybrd Electric Vehicle next year Top officials disclose development in corporate briefing Published 06 May, 2023 03:37pm
BR Research INDU: Hanging on Another PSX announcement informing two more days of plant closures will make it Indus Motors’ (PSX: INDU) third... Published 03 May, 2023 08:43am
Business & Finance Indus Motor Company announces another plant shutdown Indus Motor Company (IMC), the assembler of Toyota vehicles in Pakistan, has once again decided to shut production... Updated 28 Apr, 2023 05:27pm
Markets Indus Motor Company reports profit of Rs3.22bn for Jan-Mar, 37% lower YoY However, on a quarter-to-quarter basis, company's earnings post substantial increase Updated 26 Apr, 2023 06:01pm
Business & Finance Pak Suzuki jacks up its car prices for a fourth time in 2023 Its cheapest model, the Alto VX, is now priced at Rs2.251mn, while its high-end Swift variant is now at Rs4.96mn Published 05 Apr, 2023 04:54pm
Business & Finance Import restrictions: Indus Motor suspends production again This is Indus Motor’s second announcement of production closure this year Updated 24 Mar, 2023 04:36pm
Markets Indus Motor Company jacks up Toyota car prices yet again Cheapest variant of Yaris priced at Rs4.499 million Updated 11 Mar, 2023 08:33pm
BR Research INDU: The more things change Nothing, least of all a mega economic crisis, seems to really faze a company like Indus Motors (PSX: INDU). The... Published 16 Feb, 2023 09:33am
BR Research Indus Motors Company Limited Indus Motors Company Limited (PSX: INDU) was incorporated in Pakistan in 1989 as a joint venture between some... Published 16 Feb, 2023 09:22am
Business & Finance Indus Motor raises Toyota car prices for a third time in 2023 Hike goes as high as Rs890,000 Updated 14 Feb, 2023 07:31pm
Markets Indus Motor after-tax income plunges 72% in Q2 FY23 Profit After Tax fell from Rs4.75 billion in 2QFY22 to Rs1.33 billion. Also announces interim cash dividend of Rs10.2/share Published 13 Feb, 2023 01:06pm
Business & Finance Indus Motor to shut down plant for two weeks Company cites inventory shortage as reason for shutting down plant from Feb 1-14 Published 31 Jan, 2023 02:41pm
Markets In 2 weeks: Indus Motor increases Toyota car prices again as rupee's fall bites Hikes rates by as much as Rs1.16 million, says economic uncertainties and extreme volatility in rupee value has impacted cost of manufacturing Updated 28 Jan, 2023 03:29pm
Business & Finance After Toyota and Honda, Pak Suzuki also jacks up car prices in Pakistan Following the recent announcements by Indus Motor Company and Honda Atlas, Pak Suzuki Motor Company (PSMC) has also... Published 24 Jan, 2023 08:34pm
Business & Finance Honda Atlas raises car prices by up to Rs550,000 Cites inflation, exchange rate volatility as reasons behind increase Published 23 Jan, 2023 08:09pm
Business & Finance Indus Motor Company increases car prices across entire lineup Says due to economic uncertainties and inflation in raw material cost, the vendor cost of production has significantly increased Updated 13 Jan, 2023 02:38pm
Business & Finance December: Car sales fall 38% year-on-year owing to import restrictions Experts see bumpy first half of 2023 for Pakistan’s auto sector Published 11 Jan, 2023 08:09pm
Pakistan Bleak times ahead for Pakistan’s manufacturing sector Expert says temporary shutdown seems to be the only available option at the moment Updated 04 Jan, 2023 04:40pm
BR Research Autos: Supply slide Indus Motors (PSX: INDU) announced last week that while the company is shutting down production operations... Published 27 Dec, 2022 09:31am
Business & Finance 'Inventory shortage': Pak Suzuki announces temporary shutdown of automobile, motorcycle plants Pak Suzuki Motor Company (PSMC) on Monday announced the temporary shutdown of its plant for automobiles and... Updated 26 Dec, 2022 07:19pm
Business & Finance IMC says there will be no layoffs KARACHI: Owing to the continuing LC restrictions imposed by the State Bank of Pakistan and the consequent shut down... Published 23 Dec, 2022 05:54am
Business & Finance ‘Unable to continue production’: Indus Motor latest to announce temporary plant shutdown Company shares development in PSX notice Updated 19 Dec, 2022 08:47pm
BR Research Indus Motor Company Background: Indus Motor Company Limited (PSX: INDU) was incorporated in 1989 through a joint venture agreement... Published 07 Dec, 2022 08:50am
Business & Finance Indus Motor Company increases prices of some Toyota vehicles Rates revised by up to Rs700,000 Published 17 Nov, 2022 07:30pm
Business & Finance SBP restrictions, rupee devaluation hitting auto sector: Indus Motor Company Says demand has declined due to economic downturn Updated 09 Nov, 2022 08:20pm
BR Research INDU: It’s not over It seems too easy to be Indus Motors (PSX: INDU). After revenues dropped 43 percent during 1QFY23, and the company... Published 03 Nov, 2022 07:58am
Business & Finance Indus Motor vows to launch Corolla Cross in Pakistan next year Despite headwinds facing auto sector, Indus Motor Company CEO says locally-assembled hybrid vehicle will be introduced Published 17 Oct, 2022 05:44pm
Business & Finance Auto sector not to blame for rising current account deficit: IMC CEO Ali Asghar Jamali says share of auto sector in import bill stands at mere 3% Published 12 Oct, 2022 08:09pm
BR Research INDU: No regrets Never running out of style, it would seem, Indus Motors (PSX: INDU) bragged an unapologetic earnings growth of 23... Published 31 Aug, 2022 08:38am
Business & Finance Indus Motor Company again announces shutdown of plant from Sep 1 to Sep 16 In a separate notice, Millat Tractors also says it will keep its production operations closed from Wednesday, August 31, 2022, till September 16, 2022 Updated 30 Aug, 2022 08:31pm
Business & Finance Tracking rupee's movement, Indus Motor Company reduces car prices Company says rupee's appreciation has made it possible to pass on favourable impact to customers Updated 16 Aug, 2022 01:28am
Business & Finance Indus Motor Company massively increases car prices across entire lineup Hikes rates by as much as Rs3.16mn due to rupee depreciation, imposition of taxes Updated 29 Jul, 2022 11:39pm
Pakistan Indus Motor Company announces temporary shutdown of plant from Aug 1 Company says insufficient inventory levels to maintain further production forcing it towards temporary production shutdown Plant to stay closed till August 13, 2022 Updated 29 Jul, 2022 11:52am
Pakistan Facing production issues, Indus Motor Company offers refunds to its customers CEO Ali Asghar Jamali says entire auto industry has scaled back production Published 25 Jul, 2022 05:54pm
Business & Finance Auto industry likely to shrink over 30% in FY23: company study Decrease likely due to high interest rates, inflation, fuel costs, rupee depreciation Updated 29 Jun, 2022 09:13pm
Business & Finance Delayed deliveries, high ‘own-money’ are every car buyer’s bane in Pakistan Fahad Ahmed, a businessman, wanted to buy a new vehicle, and instantly faced two options – pay ‘own-money’ for... Published 07 Jun, 2022 11:30pm
Business & Finance Auto sales to increase in May, but a slowdown is right around the corner in Pakistan JS Research says number for May likely to clock in at 22,700 units Updated 07 Jun, 2022 09:04pm
BR Research INDU: Safe passage A few months ago, management at Indus Motors (PSX: INDU) believed demand within the automobile industry would... Published 26 May, 2022 08:30am
Markets MSCI adds OGDC into Frontier Markets Index, HBL moves to Small Cap Pakistan has an estimated weight of ~1% in MSCI FM Index Updated 13 May, 2022 05:47pm
Business & Finance Indus Motor Company hikes Toyota car prices, 2nd time in 5 weeks Sudden devaluation of rupee has compelled us to pass on some impact to the market, says company in letter to its dealers Updated 30 Apr, 2022 05:06pm
Business & Finance Indus Motor Company suspends bookings of all Toyota vehicles in Pakistan Says currency volatility reason behind decision Published 08 Apr, 2022 01:16am
Business & Finance After IMC and Honda, Pak Suzuki jacks up car prices Newly-launched Swift variant, the GLX-CVT, sees hike of Rs270,000 Published 02 Apr, 2022 12:07pm
Business & Finance Indus Motor jacks up Toyota car prices by as much as Rs1.257mn Currency devaluation and freight charges cited as reasons Product-wise prices listed below Published 23 Mar, 2022 03:21pm
BR Research Autos on auto-pilot Management at Indus Motors (PSX: INDU), the assembler that sells Toyota vehicles in Pakistan believes that... Published 18 Mar, 2022 08:07am
Markets Toyota Pakistan increases prices on its entire lineup Indus Motor Company (IMC) CEO confirms price-hike Updated 10 Nov, 2021 06:55pm
Business & Finance Hybrid electric vehicles: Indus Motor Company announces $100mn investment for local production Amount will be invested over a period of three years, says the company in its filing to the Pakistan Stock Exchange Updated 08 Sep, 2021 09:55pm
BR Research INDU on the high lane Indus Motors (PSX: INDU) could not have done better this year, emerging triumphant in the midst of a pandemic and... Published 30 Aug, 2021 07:40am
BR Research INDU: Profits in a pandemic! Indus Motor (PSX: INDU) is no longer in lockdown—whether it is from the government instated shutters-down on... Published 30 Apr, 2021 07:35am
BR Research Indus Motors in high spirits After a sobering FY20, Indus Motors (PSX: INDU) is reverting to its past glories by recording a healthy growth in ... Published 01 Mar, 2021 07:35am