Indus Motor Company (IMC), the assemblers of Toyota cars in Pakistan has announced to shut down its production plant and observe 11 Non-Production Days (NDPs) due to a shortage of raw materials and components arising from restrictions on import of Completely Knocked Down (CKD) kits.
In a letter issued by the company to the Pakistan Stock Exchange (PSX), the company said that under the new mechanism introduced by the State Bank of Pakistan (SBP), prior approval is required for the import of CKD kits and components for the production of passenger cars, which creates hurdles for the company. This has resulted in insufficient inventory levels and consequently has created an adverse impact on the supply chain and production activities. Therefore, the company is unable to continue its production activities.
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Thus IMC has decided to completely shut down its production plant from 20th December 2022 to 30th December 2022 (both days included). This means that the Toyota plant in Pakistan will remain closed for a total of 11 days. The shutdown will likely cause a further delay in deliveries of vehicles to the customers.
A 3d animation professional with over 20 years of industry experience having served in leading organizations & production facilities of Pakistan, an avid car enthusiast and petrolhead with an affection to deliver writings to help shape opinions. Formerly written for PakWheels as well as major publications including Dawn. Founder of CarSpiritPK.com