Indus Motor Company (IMC) held its 18th Annual Dealer Conference with the theme "Challenge the Change" in Karachi. Toyota Motors Asia Pacific, Senior Vice President Michinobu Sugata was the chief guest. Speaking on the occasion, Michinobu Sugata stated that "the global automobile industry is facing big challenges due to the current economic downturn and in these difficult times we have to challenge the change."
IMC Chairman Ali S. Habib in his address mentioned that Pakistan continued to face a challenging economic environment and the automobile sector was facing an unprecedented decline. In the fiscal year 2007-08, the sales of Passenger Cars and Light Commercial Vehicles went down by l6 percent and in FY 08-09 they plunged by 48 percent.-PR
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