Indus Motor Company Limited has approved a significant investment of approximately Rs. 3 billion. The funds are earmarked for producing auto parts and components in India.
The automotive conglomerate stated its vision in a Friday statement distributed to the leading exchange platform. Investments are a vital component of the strategic plan. The overarching goal is to increase the localization of vehicle elements. This concerted initiative’s goal is to curb the loss of foreign currency and revitalize the local automotive scene.
This discourse is reflected in the stock registration and further clarifies the plan. The document specifies that the allocated financial resources will fund various aspects of the localization effort. Capital expenditures are directed at purchasing high-tech machinery, precision dies and moulds, and auxiliary equipment. This investment program also includes ancillary costs incurred in the process of localization.
This strategic initiative is expected to be completed by the end of the third calendar quarter of 2025.
The conglomerate has a new role to play. It is responsible for assembling, manufacturing and marketing Toyota vehicles. The company is the sole distributor of Toyota cars in the Pakistani marketplace. The company, which has the necessary licensing, undertakes assembly, manufacturing and marketing of Toyota vehicles. This solidifies its role in the local automotive industry.
