Indus Motor Company Ltd.
TypePublic (Joint venture)
PSX: INDU
IndustryAutomotive
Founded1 July 1990
HeadquartersPort Qasim,
Karachi
,
Pakistan
Area served
Key people
ProductsAutomobiles
RevenueDecrease Rs. 177.7 billion (US$620 million) (2023)
Decrease Rs. 16.9 billion (US$59 million) (2023)
Decrease Rs. 9.5 billion (US$33 million) (2023)
Total assetsDecrease Rs. 122.7 billion (US$420 million) (2023)
Total equityIncrease Rs. 60.1 billion (US$210 million) (2023)
Number of employees
3,129 (2023)
ParentOverseas Pakistan Investors AG (44%)
Toyota Motor Corporation (31.8%)
Toyota Tsusho Corporation (16%)
Thal Limited (6.25%)
General public (5.7%)
Websitewww.toyota-indus.com

Indus Motor Company Limited (Urdu: انڈس موٹر شرکه محدودہ), operating as Toyota Indus, is a Pakistani automobile manufacturer which is a subsidiary of Japanese multinational automaker Toyota Motor Corporation. It is based in Karachi, Pakistan.

Founded in 1989, as a joint venture between House of Habib, Toyota Tsusho and Toyota Motors.[1][2][3]

Indus Motor is the authorized assembler and manufacturer of Toyota and Daihatsu vehicles, auto parts and accessories in Pakistan since 1 July 1990 at its 109.5 acres (0.443 km2) manufacturing plant at Port Qasim Industrial Zone, outside Karachi.[4]

History

Indus Motor was incorporated as a public limited company in December 1989 and started commercial production in March 1993. Shares of the company are quoted on the Pakistan Stock Exchange.[2]

In March 2000, the company started production of the L500 series Daihatsu Mira in Pakistan which was locally sold as the Daihatsu Cuore and featured an 850-cc engine.[5]

In 2008, Toyota acquired 9.83 million shares from Overseas Investors AG and general public at the price of PRs. 370 per share.[6]

In January 2012, the company halted production of the L500 series Daihatsu Cuore in Pakistan.[7]

Former Chairman of Indus Motor Company Ltd, Ali Suleman Habib died on 18 April 2020.[8]

Operations

In May 2023, Toyota Indus announced that the Corolla Cross Hybrid would be locally assembled in Pakistan.[9]

Toyota Indus started exporting automotive parts to Toyota Egypt in July 2023.[10]

After an investment of over $100 million, the company inaugurated its hybrid electric vehicle assembly line on 6 December, 2023.[11] Following the inauguration of the assembly line, the company commenced the production of the Corolla Cross Hybrid, making it Toyota's first hybrid electric vehicle to be assembled in Pakistan.[12]

Financial Performance

Indus Motor Company Financial Performance
Year ended Revenue (PKR million) Operating income (PKR million) Net income (PKR million) Total assets (PKR million) Total equity (PKR million)
30 June 2010[13] Increase60,093 Increase5,386 Increase3,443 Increase27,138 Increase12,588
30 June 2011[13] Increase61,703 Decrease4,088 Decrease2,743 Decrease26,835 Increase14,120
30 June 2012[13] Increase76,963 Increase6,374 Increase4,303 Increase27,576 Increase17,014
30 June 2013[13] Decrease63,829 Decrease5,000 Decrease3,358 Decrease25,106 Increase17,693
30 June 2014[13] Decrease57,064 Increase5,055 Increase3,873 Increase26,111 Increase19,916
30 June 2015[14] Increase96,516 Increase14,184 Increase9,110 Increase50,399 Increase24,036
30 June 2016[15] Increase108,759 Increase17,397 Increase11,455 Increase57,537 Increase27,630
30 June 2017[16] Increase112,272 Increase19,141 Increase13,001 Increase63,880 Increase31,197
30 June 2018[17] Increase140,208 Increase22,999 Increase15,772 Increase81,927 Increase36,744
30 June 2019[18] Increase157,996 Decrease18,976 Decrease13,715 Decrease64,783 Increase40,045
30 June 2020[19] Decrease86,167 Decrease7,287 Decrease5,082 Increase80,279 Increase41,169
30 June 2021[20] Increase179,162 Increase18,199 Increase12,828 Increase133,906 Increase48,201
30 June 2022[21] Increase275,506 Increase25,453 Increase15,802 Increase213,965 Increase54,011
30 June 2023[22] Decrease177,711 Decrease16,797 Decrease9,554 Decrease122,764 Increase60,070

Products

Toyota Indus sells two different types of vehicles; complete knock-down kits (CKD) which are locally assembled at the manufacturing plant in Karachi and completely built units (CBU) which are imported from the Toyota plants in Japan or Thailand, depending on the vehicle.

Locally Manufactured

Imports

See also

References

  1. ↑ Profile of Indus Motors Company Forbes.com website, Published 27 September 2007, Retrieved 23 April 2020
  2. 1 2 Profile of Indus Motors Company Business Recorder (newspaper), Published 14 March 2017, Retrieved 23 April 2020
  3. ↑ Indus, Company. "Company Profile-Toyota Indus". Archived from the original on 29 August 2022. Retrieved 3 May 2019.
  4. ↑ "CORPORATE – Toyota Indus". Retrieved 23 October 2023.
  5. ↑ "Cuore Production Under Way in Pakistan". DAIHATSU Global Website.
  6. ↑ "Toyota to acquire 9.8m more shares in Indus Motors". Dawn. Pakistan. 29 April 2008. Retrieved 12 October 2019.
  7. ↑ "Indus Motor pulls the plug on Coure". The Express Tribune. 2 April 2012.
  8. ↑ Dawn.com (18 April 2020). "Ali Habib, prominent businessman and chairman of Indus Motors, passes away in Karachi". DAWN.COM. Retrieved 28 May 2020.
  9. ↑ Desk, BR Web (6 May 2023). "Indus Motor Company to launch locally-assembled Hybrd Electric Vehicle next year". Brecorder. Retrieved 23 October 2023.
  10. ↑ Hussain, Bilal (11 July 2023). "Pakistan's Indus Motor Company starts exports to Toyota Egypt: CEO". Brecorder. Retrieved 23 October 2023.
  11. ↑ "Indus Motor Company inaugurates its hybrid electric vehicle assembly line". 6 December 2023. Retrieved 20 December 2023.
  12. ↑ "Locally Assembled Toyota Corolla Cross Rolls Off the Assembly Lines". 7 December 2023. Retrieved 20 December 2023.
  13. 1 2 3 4 5 "Indus Motor Company Ltd - 2014 Annual Report" (PDF). Indus Motor Company. 30 June 2014. Retrieved 23 October 2023.
  14. ↑ "Indus Motor Company Ltd - 2015 Annual Report" (PDF). Indus Motor Company. 30 June 2015. Retrieved 23 October 2023.
  15. ↑ "Indus Motor Company Ltd - 2016 Annual Report" (PDF). Indus Motor Company. 30 June 2016. Retrieved 23 October 2023.
  16. ↑ "Indus Motor Company Ltd - 2017 Annual Report" (PDF). Indus Motor Company. 30 June 2017. Retrieved 23 October 2023.
  17. ↑ "Indus Motor Company Ltd - 2018 Annual Report" (PDF). Indus Motor Company. 30 June 2018. Retrieved 23 October 2023.
  18. ↑ "Indus Motor Company Ltd - 2019 Annual Report" (PDF). Indus Motor Company. 30 June 2019. Retrieved 23 October 2023.
  19. ↑ "Indus Motor Company Ltd - 2020 Annual Report" (PDF). Indus Motor Company. 30 June 2020. Retrieved 23 October 2023.
  20. ↑ "Indus Motor Company Ltd - 2021 Annual Report" (PDF). Indus Motor Company. 30 June 2021. Retrieved 23 October 2023.
  21. ↑ "Indus Motor Company Ltd - 2022 Annual Report" (PDF). Indus Motor Company. 30 June 2022. Retrieved 23 October 2023.
  22. ↑ "Indus Motor Company Ltd - 2023 Annual Report" (PDF). Indus Motor Company. 30 June 2023. Retrieved 23 October 2023.
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