Due to a lack of inventory and parts as a result of import restrictions, Indus Motor Company (IMC) the assemblers of Toyota cars in Pakistan has once again announced to halt its assembly operations. This is the 5th NPD (non-production days) schedule announced by the company since the beginning of this year.
According to a company notice sent to the Pakistan Stock Exchange (PSX), IMC informed that its assembly plant will remain shut from June 26 to June 27. The automaker and its suppliers continue to experience issues with the import of raw materials and gaining clearance for their shipments as a result of supply chain glitches and the non-issuance of Letters of Credit (LCs). Vendors are no longer able to supply the company with fundamental materials and components, causing a disturbance in the supply chain, says IMC.
Other leading assemblers including Pak Suzuki and Honda Atlas are also observing NPDs and are battling with depleting inventory levels. Many local automakers are feared to be on the verge of going out of business as a result of the (import restrictions) problem, which is still continuously present throughout the auto industry with no end in sight.
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