Indus Motor Company crosses 500,000 vehicles local production milestone

Karachi, November 05, 2012 (PPI-OT): Indus Motor Company Limited (IMC) has successfully completed production of 500,000 vehicles in Pakistan. The event was celebrated by a ribbon-cutting ceremony performed at the Indus Motors plant by the Chief Guest, Dr. Abdul Hafeez Sheikh, Federal Minister for Finance, Guest of Honour, Mr. Yukitoshi Funo, Executive Vice President, Toyota Motor Corporation, Japan, Mr. Junzo Shimizu, Chairman Toyota Tsusho Corporation and senior management of Indus Motor Company.

Speaking on the occasion, Dr. Abdul Hafeez Sheikh said, “I congratulate Indus Motors on this remarkable achievement and note with great pleasure the impressive progress that Indus Motor Company has made as a flagship company in the country’s auto sector. IMC has state-of-the-art production facilities which are a key asset for the nation’s vibrant auto industry. The sector is already contributing 1.5 % of total FBR collections and providing employment to thousands. As a core sector, I firmly believe that we need to protect our auto industry and take it to greater levels of productivity.”

Mr. Yukitoshi Funo, Executive Vice President, Toyota Corporation, Japan, who is specially visiting Pakistan to commemorate the event, said he was highly pleased with the performance of Toyota in the Pakistan market.

”I would like to thank all of our associates in Pakistan and especially our Pakistani customers for their continued support which enabled the achievement of five hundred thousand production units in Pakistan. We at Toyota are committed to making better cars and contributing to the development of the Pakistani automobile industry.” he commented.

Mr. Ali S. Habib, Chairman, Indus Motor Company Limited, thanked the distinguished visitors as well as IMC partners for their continued support and cooperation. He said, “At Indus Motors we are proud to have a strong team that is committed to the highest benchmarks of quality in line with Toyota philosophies. Production of 500,000 units is a major milestone for us. We believe in sustained customer satisfaction and achieving this target has put a smile on the faces of 500,000 satisfied Toyota customers. Our responsibility does not end here. IMC takes its role as a responsible corporate citizen very seriously. Our CSR initiatives are driven by the will to give back to the community and over the years IMC has carried out numerous initiatives on road safety, environmental awareness and health services.”

The distinguished guests were also taken on a tour of the plant on the occasion.

Indus Motor Company is proud to have made a meaningful contribution to Pakistan’s auto and engineering sector. Toyota’s flagship product, Corolla, which represents nearly 90% of volume, has helped Pakistan to become number 1 in Toyota’s Asian world which is a tribute to its success in the country.

Indus Motor Company Limited is a leading automobile manufacturer in Pakistan. It produces Toyota and Daihatsu brands and has been assembling, manufacturing and marketing Toyota vehicles in Pakistan since July 01, 1990. In the last 23 years, IMC has invested Rs 13 billion in the automobile sector, trained more than 10,000 technical staff and is currently providing employment to over 7,000 persons directly and more than 200,000 indirectly.

For more information, contact:
Indus Motor Company Limited
Amir Shahzad
Cell: 0345-2382399
Tel #: (92-21) 34388569, 34521639, 34528342
Fax #: (92-21) 34543105.

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