Toyota Pakistan Pours RS 3 Billion into Local Auto Parts Manufacturing

Indus Motor Company Limited (PSX: INDU) has recently announced a significant investment of approximately Rs. 3 billion aimed at enhancing the localization of parts and components for its existing vehicle models. This strategic decision underscores the company’s commitment to bolstering the local automotive industry while curbing foreign exchange outflows. The investment will be allocated towards upgrading plant infrastructure, acquiring new machinery, molds, dies, and other essential equipment necessary for the increased localization efforts. By intensifying its focus on local manufacturing, Indus Motor Company is poised to strengthen the domestic automotive supply chain and contribute to the sustainable growth of the industry. The investment is slated for completion by the third quarter of the calendar year 2025, marking a pivotal milestone in the company’s ongoing efforts towards promoting self-sufficiency and fostering economic resilience within the sector.