The Pakistani Toyota automaker and assembler, Indus Motor Company (INDU), has declared a three-day halt to operations due to low inventory and component shortages.
On Monday, the listed business informed the Pakistan Stock Exchange (PSX) of the situation.
In addition to persistent supply chain issues, the firm is now dealing with low levels of raw material and component inventory. As a result, the parts and components required for the construction of vehicles are in limited supply. The warning states that the corporation is unable to achieve its production standards as a result.
It further stated that the business has made the decision to temporarily halt operations at its production facility from October 29, 2024, to October 31, 2024, inclusive.
When compared to earnings of Rs3.22 billion for the same period last year, the automaker’s profit of Rs5.09 billion for the quarter ending September 30, 2024 (1QFY25) represented a 58% rise, according to its notification to the PSX earlier.
In 1QFY25, the company’s profits per share (EPS) were Rs64.77, up from Rs40.91 in the same time last year (SPPY). For the quarter ending September 30, 2024, the board of directors also announced an interim cash dividend of Rs39 per share, or 390%.
INDU declared last month that an investment of Rs1.1 billion (about $3.94 million) had been approved by its board to improve what it referred to as localization of manufacturing. This was on top of the Rs3 billion investment that was announced in February.
By the first quarter of 2026, the extra investment—which is a component of the company’s larger aim to constantly improve the localization of car parts and components—should be finished.
