Indus Motor Company Limited (PSX INDU) announced its decision to spend around 3 billion rupees—three billion for further localization of parts and other components used in various automobiles. The Board of Directors has approved the investment to improve the local automobile sector and decrease foreign currency exports, which the auto assembly firm disclosed in the main bourse on Thursday.
This investment aligns with its overall plan to boost the localization of components and parts for vehicles made in the United States. This investment is likely to aid in decreasing the dependence on imports and will help to boost the expansion of the local automobile industry, as is stated in the stock filing.
The funds will be used to purchase machinery, plant moulds, tools, and equipment essential to the location of parts and components for various vehicle models. The investment is expected to be completed by the end of the third quarter of the 2025 calendar year.
Alongside its function in the assembly, production and marketing of Toyota automobiles, Indus Motor Company Limited serves as the only distributor of Toyota In Pakistan. It holds licenses for the show, assembly and distribution of Toyota vehicles, enhancing its standing within the local auto sector.
