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Toyota Indus

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Indus Motor Company Limited (Urdu: انڈس موٹر), 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.

Indus Motor Company Ltd.
Company typePublic
IndustryAutomotive
Founded1 July 1990
HeadquartersPort Qasim,
Karachi
,
Pakistan
Area served
Key people
ProductsAutomobiles
RevenueDecrease Rs. 152.5 billion (US$530 million) (2024)
Increase Rs. 23.3 billion (US$81 million) (2024)
Increase Rs. 15.1 billion (US$52 million) (2024)
Total assetsIncrease Rs. 145.8 billion (US$500 million) (2024)
Total equityIncrease Rs. 67.2 billion (US$230 million) (2024)
Owner
Number of employees
2,579 (2024)
Parent
Websitetoyota-indus.com

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

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Indus Motor Company was incorporated as a public limited company in December 1989 and was listed on the Karachi Stock Exchange in 1992.[5] The company started its commercial operations in March 1993.[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.[6]

In 2008, Toyota acquired 9.83 million shares from Overseas Investors AG and general public at the price of Rs. 370 (equivalent to Rs. 1,900 or US$6.50 in 2021) per share.[7]

In January 2012, the company halted production of the L500 series Daihatsu Cuore in Pakistan.[8]

Former Chairman of Indus Motor Company Ltd, Ali Suleman Habib died on 18 April 2020.[9]

Operations

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In May 2023, Toyota Indus announced that the Corolla Cross Hybrid would be locally assembled in Pakistan.[10]

Toyota Indus started exporting automotive parts to Toyota Egypt in July 2023.[11]

After an investment of over $100 million, the company inaugurated its hybrid electric vehicle assembly line on 6 December, 2023.[12] 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.[13]

In August 2024, Toyota Indus began exporting Corolla Cross, Hilux and Fortuner models to Oceanian countries.[14]

Financial Performance

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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[15]  60,093  5,386  3,443  27,138  12,588
30 June 2011[15]  61,703  4,088  2,743  26,835  14,120
30 June 2012[15]  76,963  6,374  4,303  27,576  17,014
30 June 2013[15]  63,829  5,000  3,358  25,106  17,693
30 June 2014[15]  57,064  5,055  3,873  26,111  19,916
30 June 2015[16]  96,516  14,184  9,110  50,399  24,036
30 June 2016[17]  108,759  17,397  11,455  57,537  27,630
30 June 2017[18]  112,272  19,141  13,001  63,880  31,197
30 June 2018[19]  140,208  22,999  15,772  81,927  36,744
30 June 2019[20]  157,996  18,976  13,715  64,783  40,045
30 June 2020[21]  86,167  7,287  5,082  80,279  41,169
30 June 2021[22]  179,162  18,199  12,828  133,906  48,201
30 June 2022[23]  275,506  25,453  15,802  213,965  54,011
30 June 2023[24]  177,711  16,797  9,554  122,764  60,070
30 June 2024[25]  152,481  23,327  15,072  145,820  67,226

Products

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

Locally Assembled

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Imports

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See also

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References

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  1. ^ Profile of Indus Motors Company Forbes.com website, Published 27 September 2007, Retrieved 23 April 2020
  2. ^ a b Profile of Indus Motors Company Business Recorder (newspaper), Published 14 March 2017, Retrieved 23 April 2020
  3. ^ "Company Profile - Toyota Indus". Indus Motor Company. Retrieved 10 October 2024.
  4. ^ "CORPORATE – Toyota Indus". Retrieved 23 October 2023.
  5. ^ "Indus Motor Company".
  6. ^ "Cuore Production Under Way in Pakistan". DAIHATSU Global Website.
  7. ^ "Toyota to acquire 9.8m more shares in Indus Motors". Dawn. Pakistan. 29 April 2008. Retrieved 12 October 2019.
  8. ^ "Indus Motor pulls the plug on Coure". The Express Tribune. 2 April 2012.
  9. ^ Dawn.com (18 April 2020). "Ali Habib, prominent businessman and chairman of Indus Motors, passes away in Karachi". DAWN.COM. Retrieved 28 May 2020.
  10. ^ "Indus Motor Company to launch locally-assembled Hybrd Electric Vehicle next year". Brecorder. 6 May 2023. Retrieved 10 October 2024.
  11. ^ Hussain, Bilal (11 July 2023). "Pakistan's Indus Motor Company starts exports to Toyota Egypt: CEO". Brecorder. Retrieved 23 October 2023.
  12. ^ "Indus Motor Company inaugurates its hybrid electric vehicle assembly line". 6 December 2023. Retrieved 20 December 2023.
  13. ^ "Locally Assembled Toyota Corolla Cross Rolls Off the Assembly Lines". 7 December 2023. Retrieved 20 December 2023.
  14. ^ Attarwala, Fatima S. (1 August 2024). "Indus Motor Company begins export of vehicles". DAWN.COM. Retrieved 10 October 2024.
  15. ^ a b c d e "Indus Motor Company Ltd - 2014 Annual Report" (PDF). Indus Motor Company. 30 June 2014. Retrieved 23 October 2023.
  16. ^ "Indus Motor Company Ltd - 2015 Annual Report" (PDF). Indus Motor Company. 30 June 2015. Retrieved 23 October 2023.
  17. ^ "Indus Motor Company Ltd - 2016 Annual Report" (PDF). Indus Motor Company. 30 June 2016. Retrieved 23 October 2023.
  18. ^ "Indus Motor Company Ltd - 2017 Annual Report" (PDF). Indus Motor Company. 30 June 2017. Retrieved 23 October 2023.
  19. ^ "Indus Motor Company Ltd - 2018 Annual Report" (PDF). Indus Motor Company. 30 June 2018. Retrieved 23 October 2023.
  20. ^ "Indus Motor Company Ltd - 2019 Annual Report" (PDF). Indus Motor Company. 30 June 2019. Retrieved 23 October 2023.
  21. ^ "Indus Motor Company Ltd - 2020 Annual Report" (PDF). Indus Motor Company. 30 June 2020. Retrieved 23 October 2023.
  22. ^ "Indus Motor Company Ltd - 2021 Annual Report" (PDF). Indus Motor Company. 30 June 2021. Retrieved 23 October 2023.
  23. ^ "Indus Motor Company Ltd - 2022 Annual Report" (PDF). Indus Motor Company. 30 June 2022. Retrieved 23 October 2023.
  24. ^ "Indus Motor Company Ltd - 2023 Annual Report" (PDF). Indus Motor Company. 30 June 2023. Retrieved 23 October 2023.
  25. ^ "Indus Motor Company Ltd - 2024 Annual Report" (PDF). Indus Motor Company. 1 September 2024. Retrieved 10 October 2024.
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