Indus Motors Company (IMC) makers of Toyota cars in Pakistan has decided to expand their existing plants with a capital investment of $40 million, to help increase the production of vehicles by around 10,000 units per annum.
IMC’s debottlenecking activity currently in process is proceeding smoothly, after which it is expected that roughly 10,000 units will be added to its current stated capacity of 54,800 units.
The company’s management expects that its recent drive to weed out buyers who purchase its vehicles to sell them at a profit (“own money”) should not have any significant negative impact given strong demand growth from genuine buyers.
The sales of Fortuner SUV are likely to sustain the current momentum going forward, given that it has so far received a very favorable response from customers. Senior management believes that the growth in Fortuner sales reflects:
- Prado customers opting for Fortuner due to better-perceived features.
- Customers typically in the market for Rs 3.5 million to Rs 4.0 million cars are forking out additional cash for Fortuner.
While the company admits that talks taking place to possibly replace lower-end Corolla variants, confirmation/finalization of regarding such is still pending. Moreover, the excerpts said that the growth is expected in double-cabin Revo sales a few months prior to elections. Moreover IMC has once again has denied any near to mid-term possibility of introducing a Daihatsu brand vehicle in Pakistan.