Toyota IMC Announces Additional Rs. 1.1 Billion Investment for Local Production of Auto Parts

The Board of Directors of Indus Motor Company Limited (PSX: INDU) has approved an additional investment of Rs. 1.1 billion for localization of parts and components of various existing vehicles by Q3 2025. This is in addition to the Rs. 3 billion investment the auto assembler already announced back in February 2024, thereby making the total investment in the project for additional localization to Rs. 4.1 billion. This is part of the company’s overall plan to continuously increase the localization of parts and components of vehicles manufactured locally, in order to reduce the outflow of foreign exchange and promote the local auto industry, generating employment and contributing to the economy. The announced investment shall be made towards expenditure in plant and machinery, molds, dies, equipment, and related expenses for localization of parts and components to be manufactured locally for various existing vehicles. The further investment of Rs. 1.1 billion is planned to be completed by the first quarter of the calendar year, 2026.