Indus Motor to operate on 40 percent capacity till December

KARACHI: The Indus Motor Company (IMC) will operate on single shift basis i.e. 40 percent of the capacity till December 20 19, as the company expects the current tough scenario to continue during 2QFY20. At an analyst briefing on Friday, the company management informed they remained hopeful that conditions would… Continue reading

Indus Motor Company wins Asian Champion Award

KARACHI: Indus Motor Company (IMC) has been declared the Asia Champion of YOKOTEN in 2018. The company participated in the sixth cycle of Customer Satisfaction Kaizen Evolution (CSKE). The competition is hosted by Toyota Motor Asia Pacific (TMAP) every year and all affiliates from the Asia Pacific region take part… Continue reading

Pakistan’s automobile sales post 1.0 percent growth in December

KARACHI: Pakistan auto sales are up 1.0 percent in December 2018 to 19,423 units compared with 19,237 units sold in December 2017. However, sales are up 11 percent compared with November 2018. “This is the first time in 12 years (since December 2005) that sales have increased in December on… Continue reading

Appreciating JPY to bring more troubles for Pakistan’s auto sector

KARACHI: Pakistan’s auto sector, already facing many challenges, is about to confront another negative event in the wake of JPY appreciation against USD, as this would directly impact margins of the auto assemblers including Pak Suzuki Motor Company (PSMC), Honda Cars (HCAR) and Indus Motor Company (IMC). Post indication of… Continue reading

Indus Motor wins Business Sustainability Award 2018

KARACHI: The Global Compact Network Pakistan (GCNP) has conferred the second prize of Business Sustainability Award 2018 to Indus Motor Company (IMC) in the category of multinational companies. This award to Indus Motor Company (IMC) is an endorsement of meeting the ten rules of United National Global Compact (UNGC) and… Continue reading