[vc_row][vc_column][vc_column_text dp_text_size=”size-4″]A false report spread like wildfire across the country, stating that Indus Motor Company (IMC), Pakistan’s major vehicle manufacturer, would permanently halt production and close its manufacturing facilities.
IMC, on the other hand, quickly addressed the matter, noting that the temporary stoppage was only a usual event and that production has subsequently restarted.
IMC refuted the rumours, stating that the shutdown was due to a lack of inventory and delays in opening Letters of Credit (LCs). It stressed that the industrial units have suspended operations as part of the normal business cycle till June 8.
Also Read: Toyota plans to launch an all-solid-state battery-powered electric vehicle as early as 2027.
Indus Motor Company CEO Ali Asghar Jamali stated that the company’s ambitions to deliver new models, including a domestically built hybrid SUV aimed at cutting carbon emissions by 35%, are still on track. He stressed that this landmark achievement will have a tremendous influence on Pakistan’s environment, fuel consumption, and localization initiatives.
The planned hybrid SUV, which is expected to reduce carbon emissions by 35%, will be the country’s first locally built vehicle of its sort.
Senior Automotive Expert Zafar Ali stated that IMC had committed a $100 million investment in September 2021 for the local production of HEVs with a high level of localisation, notably in the SUV category. Despite the industry’s current troubles, the creation of a domestically built hybrid car represents a significant milestone for the whole automotive sector.[/vc_column_text][/vc_column][/vc_row]
