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Indus Motor Company Limited (IMC), the assembler/manufacturer of Toyota-brand vehicles in Pakistan, said it has initiated the export of certain vehicles to other Toyota-affiliated companies.

The automaker shared the development in its notice to the Pakistan Stock Exchange (PSX) on Wednesday.

“We are pleased to announce that Indus Motor Company Limited (IMC) has commenced an export activity of certain vehicles to other Toyota affiliated companies,” read the notice.

IMC said that to commemorate this milestone, the company is organising an export ceremony.

“This event not only highlights our dedication to expanding our business horizons but also underscores our commitment to contributing to Pakistan’s presence in the international market,” it said.

Pakistan’s Indus Motor Company starts exports to Toyota Egypt: CEO

The company said that while this initiative marks a significant step, “it is important to note that, at this initial stage, the financial benefits from this export activity are minimal”.

“The impact on our overall business remains insignificant and immaterial,” read the notice.

“Despite this, we are proud to take this pioneering step and pave the way for future export opportunities from Pakistan.

“We consider this information immaterial at this point,” it added.

In July last year, IMC started exports to Toyota Egypt, and signed an agreement in this regard.

“We have already sent our first shipment this month,” Chief Executive Ali Asghar Jamali told Business Recorder back then.

The company had also stated that the first consignment of semi-processed raw material to be shipped to Toyota Egypt will mark the “beginning of an era from the export point of view by any original equipment manufacturer (OEM) in Pakistan and plans are in place to continue in this direction”.

Comments

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Abdullah Jul 31, 2024 05:07pm
Time is up.its EV time
thumb_up Recommended (0)
Tariq Jul 31, 2024 05:42pm
Well done! A good start!
thumb_up Recommended (0)
Bilal bhutta Jul 31, 2024 07:06pm
Now indus motor have to make international standards vehicles and sell on its original price and they will realise how much they were doing costly and bad quality vehicles for their own country users
thumb_up Recommended (3)
Mudasir Umer Jul 31, 2024 07:36pm
Congratulations
thumb_up Recommended (1)
Ijaz Jul 31, 2024 08:42pm
A good step in right direction
thumb_up Recommended (0)
Mohsin Malik Jul 31, 2024 10:38pm
Hello, last time it was carpets for Fortuner vehicles. If I understand correctly exporting right hand drive vehicles to left hand market. Let's wait for the ceremony
thumb_up Recommended (0)
Sunny Jul 31, 2024 11:40pm
It's Excellent initiative to support Pakistan economy.... Government should support Local Industries enable them to Export more
thumb_up Recommended (0)
Ali Khan Aug 01, 2024 10:22am
Toyota indus is only exporting carpets for the Fortuner to Egypt and not actual automotive parts... That should have also been clarified here. With such "efforts" the benefit is always minimal.
thumb_up Recommended (0)
Imran asad Aug 01, 2024 11:35am
Very nice step for economy of Pakistan
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