Karachi: Indus Motor Company (IMC) has realized a 12-year old dream via its Toyota – Goth Education Program (T-GEP) with its first batch of students from the under-privileged neighboring localities.

The Company instituted the Toyota – Goth Education Program in 2008 under its Community Uplift Initiative to provide full financial support for elementary and secondary school education to children from economically disadvantaged communities of neighboring localities where IMC operates. To this end, IMC has partnered with The Citizens Foundation (TCF) for imparting quality education from grassroot level.

The Program has gradually expanded its area of operation and has resulted in not only improving the living standard and way of thinking but also helped in reducing the long tradition of early marriage of girls in the neighboring communities.

“Through our notable contributions in education, IMC as a signatory to the UNs Sustainable Development Goals, supports SDG 4 – Quality Education, which focuses on inclusive and equitable quality education and promotes lifelong opportunities for all, explains Ali Asghar Jamali, CEO – IMC.

He further added, “Our first batch of T-GEP consisted of two boys, who have completed their Intermediate and having shown interest in building their career through IMC`s flagship Apprenticeship Program, I am happy that they have joined the Company. The girl, meanwhile, has plans to pursue her graduation.” The CEO also met the two boys and congratulated them.

Currently, Pakistan has the world’s second-highest number of out-of-school children with an estimated 22.8 million children aged 5-16 not attending school, representing 44 per cent of the total population in this age group, according to a UNICEF report.

Indus Motor Company (IMC) is geared up to introduce a fresh look to its flagship Toyota Corolla, the Corolla X Package, expected to roll out in January.

Despite being the most competitive vehicle locally produced, Corolla offers top of the line performance and safety features.

Whilst Pakistani consumers today have many available choices, Toyota Corolla has stood the test of times, its wide popularity owed to the brand’s promise of quality, durability and reliability and high resale value.

The new Corolla X Package, 2021 model has aggressive styling, appealing to a large audience. Available in Altis 1.6 and 1.8 variants, the new model sports an all-black interior along with passenger seat belt warning, EC mirror and an appealing cosmetic body kit change. IMC is expected to shortly commence booking and unveil the new price simultaneously.

It is pertinent to mention here that around 40% of the OEM RSP comprises of Government duties and taxes i.e. 30% Customs Duty, 7% ACD, 17% GST, 7.5% FED and WHT upto Rs.150k.

No doubt Toyota is Pakistan’s most loved automobile brand with Corolla enjoying the top slot in terms of sales volume with close 750,000 units sold todate. It has been the No. 1 selling car in the Asia-Pacific region and the 4th highest selling car in the world for many years.

Karachi, Nov 12: CEO Engineering Development Board (EDB) Pakistan, Raza Abbas Shah visited Indus Motor Company (IMC) and lauded the Company’s role in enhancing the engineering base in Pakistan.

The CEO was accompanied by GM EDB Asim Ayaz and other members.

The delegation visited different sections of the plant and briefed on the aspects of manufacturing, quality, safety and capital investment made to upgrade the facility and the level of localization achieved.

The management of IMC briefed the delegation on the Company’s commitment towards “Make in Pakistan” that has materialized through more than 45 Technical Assistance Agreements leading to technology transfer and paving way for exports.

The management also briefed the guests that the largest tax manufacturing industry of Pakistan is the highest tax contributor that can help achieve the government in its macro-economic targets of employment generation, GDP growth and exports.

“We need support from the government and its departments like EDB in the form of transparent, predictable and consistent policies as these are prerequisite for industrialization and economic growth,” said Chief Executive IMC Ali Asghar Jamali.

CEO EDB appreciated the measures taken by IMC to ensure safety around the plant against the spread of Covid-19 pandemic evident by the strict SOPs in place.

Karachi: The Board of Directors of Indus Motor Company (IMC) released its financial results for the first quarter ended September 30, 2020.

The Company’s combined sales of Complete Knocked Down (CKD) and Complete Built-up (CBU) units for the quarter increased by 73% to 11,809 units against 6,839 units sold in the same period last year. The market share of IMC in the overall market stood at approximately 27% for the first quarter.

The Company’s net sales turnover for the quarter increased by 65% to 34.19 billion compared to Rs. 20.72 billion, for the same period last year; while profit after tax increased by 40% to Rs. 1.85 billion against Rs. 1.32 billion achieved in the same period last year.

The increase in turnover and profitability for the three-month period was mainly due to higher CKD and CBU volumes, and increased other income due to improved cash flows, however, due to the depreciation of Pak Rupee and absorption of costs, the gross margin of the company reduced to 6.7% against 9.7% in same period last year.

The overwhelming response received for Toyota Yaris has also led to volume increase. The Company opened booking for the Toyota Corolla 1.6 Manual Transmission vehicle, considering the customer demand, and is consistent with IMC’s policy of providing customers with more options and features.

The Earnings per Share of the company stood at Rs. 23.48 as compared to Rs. 16.78 reported during the same time last year in September, 2019. The Board of Directors is pleased to declare first interim cash dividend of Rs. 12 per share for the first quarter as compared to Rs. 7 per share, for the same period last year.

Expressing his views, CEO IMC, Ali Asghar Jamali, stated, “We would like to appreciate our customers for their continued loyalty towards our products as well as acknowledging the tremendous and dedicated efforts of our staff, vendors, dealers, business partners and the entire Indus team during these challenging times.” He further added, “We look forward towards the continued support of our staunch customers as we move ahead with an expectation of the revival of economic activities and improved business activities in coming months.”

In the Extra Ordinary General Meeting of Indus Motor Company Limited held on October 28, 2020, the existing Directors of the Company were re-elected as Directors and subsequently, in the Board of Directors meeting held on same day, Mr. Mohamedali R. Habib and Mr. Yuji Takarada re-elected as Chairman and Vice Chairman, respectively, and Mr. Ali Asghar Jamali re-appointed as Chief Executive, of the Company, for a term of three years commencing from October 31, 2020.

IMC remains committed to the ‘Customer First’ philosophy that demands a high level of contribution, dedication and efficiency from all levels in the Company, to ensure maximum customer satisfaction throughout the supply chain. This is the cornerstone of the ‘Toyota Way’ and critical for the long-term success of the Company.

Karachi: Indus Motor Company (IMC) has published its 5th Sustainability Report for the financial year 2019-20. It has been developed according to the Global Reporting Initiative (GRI) Standards, a widely recognized framework for sustainability reporting. The report highlights IMC’s contribution to different Sustainable Development Goals (SDGs) addressing the global challenges which we face today.

The report also states IMC’s contribution to the 10 principles of the United Nations Global Compact (UNGC), including the Company’s notable support to SDG-4 “Quality Education” which focuses on equitable quality education and lifelong learning opportunities for all.

Moreover, IMC’s exceptional performance to meet the targets of SDG-8 has led Pakistan Business Council to nominate IMC as the leader for SDG-8 which aims towards sustainable economic growth and decent working conditions.

IMC has also been striving to reduce the environmental burden attributed to automobiles while developing measures towards a cleaner environment. The company has aligned initiatives to address the environmental challenges defined under Toyota Environmental Challenge 2050 which include rising CO2 emissions, lack of recycling based systems and increasing water discharge management.

Expressing his views, Ali Asghar Jamali, CEO, IMC said, “We continue enriching lives of our communities through support in education and healthcare, promoting innovation and cleanliness. We fully support workforce volunteering and making a meaningful contribution towards society.”

He further stated, “Being a responsible automobile Company, we are committed to reducing environmental impact of our operations and supply chain partners through efficient management and adoption of cleaner technologies. We are aligned with the Toyota Environmental Challenge 2050 which strives to reduce the environmental burden attributed to automobiles as close to zero as possible.”

Indus Motor Company will keep delivering sustainable growth by following the 10 Principles of the United Nations Global Compact (UNGC) and Sustainable Development Goals.

Karachi: Indus Motor Company (IMC) has been honored once again as the Most Outstanding Company in Pakistan in the category of Automobile & Components during the year 2020 for the third successive year by Asiamoney, a leading business publication.

Asiamoney, a specialized business publication with the Euromoney Group, traditionally holds a competition among Asian institutions. The award established by the business publication is one of the most revered awards in the region.

Sharing his thoughts, Chief Executive Officer, IMC, Ali Asghar Jamali, stated, “We are grateful to be recognized again by one of the influential business publications in the world. This is an affirmation of our continued commitment and our dedicated efforts that have earned IMC this honor.” He further added, “This accolade has further strengthened our resolve to uphold higher standards of excellence which are expected from us as being one of the leading automobile manufacturers in the country.”

IMC garnered the most votes in Pakistan, exhibiting the worthiness of its recognition amongst leading publically listed companies across Asia in their industry sectors due to their financial performance, management team excellence, concise and coherent strategy, IR activities and CSR initiatives.

Karachi, September 28: The Pakistan Automotive Manufacturers Association (PAMA) has announced the results of its elections for the term of 2020-21 held on September 25th under the terms of Trade Organization Rules 2013. The newly elected office bearers and Executive Committee members of the association will take charge effective 1st October.

Mr. Ali Asghar Jamali has been elected as the association’s new Chairman whilst Mr. Saquib H. Shirazi and Mr. Muhammad Kuli Khan Khattak as Senior Vice Chairman and Vice Chairman, respectively.

All the office bearers have a long association with the local auto industry and are well-known and highly respected in the auto and business sectors.

Mr Ali Asghar Jamali has an extensive relationship with the automobile industry and has been associated with Indus Motor Company for the last 20 years and currently serves as its Chief Executive since 2017. He is a Fellow of the Institute of Chartered Accountants of Pakistan and has attended the Advance Management Program at the Harvard University, USA.

Expressing his views, the newly elected Chairman said, “The automobile industry in Pakistan has seen rapid growth over the years. It is an honor to serve the sector and I am fully committed to address the challenges and to steer the industry towards a better future especially during these turbulent times of a global pandemic.”

He further said that, “the prosperity of Pakistan lies in the ‘Make in Pakistan’ approach and it will be our endeavor to give our very best to promote it.”

Karachi: Indus Motor Company (IMC) has once again been recognized for its unwavering commitment towards the environment after it bagged the 17 th Annual Environment Excellence Award 2020. The ceremony was organized by the National Forum for Environment & Health (NFEH) at Karachi.

Since 2004, this is the 10 th time and the 4 th consecutive year since 2017, this award has been bestowed upon the Company by the NFEH, a non-profit organization focused on creating public awareness on environmental, healthcare and educational issues in Pakistan.

Recognized amongst the top organizations of Pakistan for its leading efforts to protect the environment, the award secured by IMC underlines the Company's vision, contribution to protect environment conservation, and its robust CSR programs.

Expressing his views, CEO IMC, Ali Asghar Jamali said, "We are pleased that this honor has been conferred upon us again by the NFEH as we strive to show our commitment to the people of Pakistan and do everything in our capacity to improve our environment." He further added "IMC takes pride in its CSR initiatives and we are keeping shoulders to the wheel to make a meaningful impact for our communities and set an example as a leader in corporate social responsibility."

IMC was awarded after the assessment and congruence of a panel of valued jury consisting of corporate and government dignitaries.

Karachi: Following 14th August celebrations, Indus Motor Company (IMC) launched a drive to gather national flags littered around the city of Karachi under the Company’s ‘Clean Pakistan Drive’.

Pakistan’s National Day is celebrated every year across the country with much enthusiasm and national pride. The celebration is incomplete without the wide range of decorations available on sale, top-seller being the national flag, which comes in all forms and sizes. In all the excitement, these buntings find the way to the ground, littering wide expanses of area across the city, sadly leading to the un-avoidable under-foot trampling.

To mitigate the incidence of desecration of this national symbol, IMC for the third running year, set out on a drive for collection of national flags buntings littered around the city on 15th August 2020. Employees of IMC, under the Employee Volunteering Program participated in the activity moving along pre-determined routes spanning the city.

On the occasion Ali Asghar Jamali, CEO IMC expressed, “Celebrating Pakistan’s National Day with patriotic fervor is every Pakistani citizen’s privilege but at the same time upholding sanctity and showing due respect for the national flag is our principal duty. IMC under the ‘Clean Pakistan Drive’ has launched this initiative to gather flags found strewn on roads and open spaces across the city of Karachi by our team of volunteers. Mindful of the company’s Safety First policy, the team engaged in the activity strictly following all safety protocols for protection against the COVID-19 pandemic.”

The activity sparked interest in the general public too who considering it a civic duty, also briefly participated.

Karachi: The Board of Directors of Indus Motor Company Ltd. (IMC) met on August 10, 2020 to review the company’s financial and operating performance for the year ended June 30, 2020.

The net sales turnover for the year ended, June 30,2020 decreased by 46% to Rs.86 billion as compared to Rs.158 billion in the last fiscal year, while profit after tax for the year also decreased by 63% to Rs.5.08 billion, as against Rs.13.71 billion achieved in the same last year. During the year, the Company contributed a sum of Rs.35.9 billion to the national exchequer.

The decline in turnover and profitability for the year was mainly due to lower volumes, primarily due to challenging economic conditions, imposition of taxes and duties and lockdown on account of COVID-19 pandemic. The combined sales of Toyota CKD and CBU vehicles stood at 28,837 units, compared to 66,211 units in the previous year.

The industry already burdened by inconsistent economic policies; has now been exposed to additional challenges on account of the COVID-19 outbreak. The collective impact of higher taxation, shrinking GDP, consistent PKR devaluation and the COVID-19 lockdown, has greatly impacted the operational capability of the automotive industry. Due to delayed resumption, the auto sector could not revive in the last quarter of FY 19-20 as per PAMA data; April and May 2020 were the hardest hit months, with April 2020 recording zero sales in the passenger cars segment across the industry.

Ali Asghar Jamali, CEO IMC said “IMC has, and always will be devoted to Pakistani market and to our customers whose interest and belief in our products is rapidly increasing every year. It is because of the support of our customers and their trust in us that IMC is working diligently to provide them with the best even during the times of global pandemic that has caused an overall economic slowdown.”

During the year, the Company discontinued the Corolla 1.3L vehicles in March 2020, which performed as a market leader in the segment for over 25 years. The flagship Corolla brand will continue in 1.6L and 1.8L segments as available worldwide. On March 19, 2020, the Company opened booking for the new-age masterpiece, the all new Toyota Yaris with variants in 1.3L and 1.5L segments. Despite a complete lockdown in the country and no significant marketing activities being conducted, Toyota Yaris has been very well received by customers.

Based on the results, the Board of Directors announced a final dividend of Rs.7 per share, making the annual dividend for the year Rs.30 per share.

Indus Motor Company held the 14th Toyota Dream Car Art Contest 2020 National Jury Event at the Company’s Head office to select the top regional and national winning artworks received from children across Pakistan.

The Toyota Dream Car Art Contest, organized annually by Toyota Motor Corporation since 2004, is a global contest and one of the biggest drawing competitions in the world for children younger than 16 years. The contest’s objective whilst aimed at fostering innovation and creativity in children by encouraging them to think about the future of mobility and envision their ‘dream car, also emphasizes the importance of children having dreams.

Last year the contest received over 950,000 artworks from 86 countries globally, with 48,421 alone from Pakistan making it the 3rd country in the world to have received the highest number of artworks submissions. This year IMC received over 49,900 drawings through its network of 46 Dealerships across Pakistan in 3 age categories i.e. Under 8 Years; 8 to 11 Years & 12 to 15 Years & the Royal category, a unique feature of the National Contest, created for kids who are differently abled keeping in mind that we believe in building an inclusive society. This category, over the years has not only witnessed active participation and growth but also earned appreciation from the public.

The five member independent Jury Panel comprised of art educators, painters and visual artists and included Meher Afroz – Painter, Print- maker & Professor Indus Valley School of Art & Architecture; Nurayah Sheikh Nabi – Assistant Professor Faculty of Fine Arts, Indus Valley School of Art & Architecture; Aliya Yousuf – Educator & Ceramic Artist; Affan Baghpati – Art Educator & Visual Artist and Muhammad Zeeshan – Art Educator & Visual Artist.

The Jury chose regional and national winners and short-listed Top 9 artworks representing Pakistan which will enter the World Contest in Japan. The grand prize for the top 30 winners of the world is a trip to Japan, fully sponsored by Toyota Motor Corporation which offers them a once in a life time opportunity to meet children from the world over and experience Japanese culture and hospitality.

On the occasion, CEO, Indus Motor Mr. Ali Asghar Jamali whilst choosing a drawing for the CEO Award, said, “The contest has expanded exponentially over the years, reaching out to children from all walks of life across Pakistan. Our children’s imagination never fails to amaze and the talent on display this year is par excellence and I’m hopeful that there will be world winners this year too.”

Over the years Pakistan has had five World Winners, one each in 2010; 2011, 2013 and two in 2019.

Karachi, 3rd July, 2020: As part of its CSR initiatives, Indus Motor Company (IMC) has made a Rs.7.50 million donation to the Sindh Institute of Urology and Transplantation (SIUT) to support the hospital to provide quality medical treatment, particularly during the unprecedented COVID-19 crisis.

Ali Asghar Jamali, CEO IMC, presented the cheque to Dr. Adibul Hasan Rizvi, Founder SIUT, in admiration of the generous work that SIUT has been doing over the years under his leadership. An earlier donation of 50,000 surgical masks was also made by IMC to help stem the tide of COVID-19 and to battle the spread of this virus.

Expressing his views, Ali Asghar Jamali said, “IMC firmly believes in taking social responsibility and giving back to the community. SIUT is doing a great job providing free healthcare to those in need and we believe it is our duty to support them.”

He further added, “In Pakistan, the health sector is unfortunately often neglected, with the current framework getting heavily burdened and subsequently requiring special attention, especially in these unprecedented times. Through our humble donation, we hope that we can help limit the spread of the Coronavirus pandemic and ease the burden on our front line healthcare workers.”

Dr. Adibul Hasan Rizvi praised the efforts of IMC and the measures taken to support the community. He believes that SIUT will continue to play its role for social-impact and display the right determination to provide high standards of health care.

IMC places significant focus on its CSR initiatives with Education and Health sectors as its notable beneficiaries. Some major donations made by IMC in the Health sector during the last 5 years, besides SIUT, went to JPMC, Shaukat Khanum Memorial Hospital, Indus Hospital, Marie Adelaide Leprosy Centre, and the Kidney Centre, amongst others. –End.

Karachi, July 1st, 2020: Indus Motor Company (IMC), manufacturers of Toyota vehicles in Pakistan, has released a Corporate Philanthropy of Rs. 10 Million to Indus Hospital to help them become more effective in providing quality treatment to the underprivileged and downtrodden community, particularly during the unprecedented COVID-19 crisis.

A cheque was handed over by CEO IMC, Ali Asghar Jamali to CEO Indus Hospital, Dr. Abdul Bari Khan in a brief ceremony held at Indus Hospital.

IMC CEO Mr. Ali Asghar Jamali, said, “We believe that hospitals are an essential part in our national framework that helps to combat health and hygiene related problems of the entire population, particularly during this pandemic. Keeping in view of IMC’s responsibility to the society, the organization puts its best efforts to give back to the community, especially the health sector which faces many different challenges and is in constant need of attention during these unprecedented times.” He further added, “Indus Hospital is doing an honorable job to connect necessary provisions with the under-privileged and it is an honor for us to lend a helping hand in this cause.”

Meanwhile, Dr Abdul Bari Khan of Indus Hospital appreciated the generosity of Indus Motor and its support for the community. He further said, “We are grateful for IMC’s support towards Indus Hospital in our work to help the disempowered factions of our community avail higher standards of healthcare services with convenience.”

Hospitals, blood banks and health care institutions in Pakistan receive frequent donations from IMC to successfully provide continuous services to the needy communities.

Islamabad, June 23 2020: Indus Motor Company (IMC), manufacturers of Toyota vehicles in Pakistan, has made Rs.20 million contribution to “The Prime Minister’s COVID-19 Pandemic Relief Fund 2020”.

Mr. Ali Asghar Jamali, CEO Indus Motor handed over the cheque to the Prime Minister during his recent meeting. He also presented a cheque for Rs.10 million for the Shaukat Khanum Memorial Cancer Hospital & Research Centre. He appreciated the Government’s tireless efforts to overcome the public-health challenge and to safeguard the nation’s community and economy.

With regards to his company’s contribution amidst COVID-19 pandemic, Mr. Ali Asghar Jamali said, “With the rising number of confirmed cases and fatalities, our country requires support from every quarter to strengthen Government’s efforts to fight the pandemic. IMC has made significant efforts in providing ration hampers to more than 10,000 needy and underprivileged families during the government lockdown. Extending support to front-line medical workers, IMC also donated medical equipment and PPEs to hospitals. We hope that our contribution will help the government to strengthen the health infrastructure to mitigate and contain this deadly infection as soon as humanly possible.”

He further emphasized, “At this time of crisis, the corporate community and the civil society needs to be united and contribute additional resources in order to help eliminate hunger, disease and poverty, while paving the way for an early economic recovery.”

Mr. Imran Khan appreciated Indus Motors contribution towards COVID-19 affected population.

The safety and security of our employees and our stakeholders is paramount to IMC. With that in mind, and with the guidance and support of relevant government authorities, IMC has taken a number of measures to help prevent further spread of the virus. These include:

• Implementing remote working and having minimum staff for manufacturing and other operations at our premises in order to maintain social distancing.
• Enforcing avoidance of large gatherings at our premises.
• Enforcing daily sanitization, daily body temperature screening and use of face masks for all employees.
• Daily disinfection of the entire facility and transport vehicles.
• Educating employees on the risks of coronavirus and proper personal hygiene measures.
• Promoting the development and adherence to SOPs throughout the 3S Dealership network

As part of these proactive efforts, IMC conducted COVID-19 tests for a number of its employees and some of the employees tested positive. We are pleased to update that none of them are in a serious condition and all are currently isolated and quarantined. The Company remains in regular contact with the employees to support them during this difficult time.

In line with our ‘Safety First’ philosophy and in compliance with government regulations, IMC immediately suspended its manufacturing operations and temporarily closed the Company’s facilities for thorough disinfection of its premises. The Company has further decided to y test all employees at its facility. Operations are targeted to resume from 12th June 2020 after the sanitization is complete.

We will continue to work with the relevant local authorities and take preventive measures to deal with the pandemic.

Karachi, June 9: The auto industry in Pakistan has entered into a new era with AuVitronics Limited, a House of Habib company geared up to export the “Absorber FR Bumper” to Toyota Motor Vietnam Co, Ltd. (TMV), joining the league of part suppliers in the Toyota global supply chain.

The said part will be installed on the rear side of the front bumper cover in the upcoming Corolla and approved after a rigorous process and stringent quality checks.

The impact absorbers are made of Expanded Polypropylene (EPP) that effectively reduces the vehicle weight when used in rear seat benches or wheel cases – a seriously good basis for safety-related parts in the vehicle build.

As Toyota Motor Vietnam was also adopting the same Toyota Corolla model, Indus Motor Company (IMC) had requested Toyota Motor Corporation to have the part as aforementioned, supplied to TMV through AuVitronics Limited.

TMV’s time lines though tight, IMC along with the local supplier reduced the development lead time to half in order to meet the customer’s demand.

“IMC has been striving for the development of the auto sector for the last thirty consecutive years. We have fulfilled our commitment to the country and promoted the auto and engineering industry in Pakistan and today we are achieving new successes,” said CEO, IMC, Ali Asghar Jamali.

He added that now as part of the global supply chain of Toyota they will further develop the industrial base of the country since IMC has already helped local vendors to have around 30 technical assistance agreements with foreign companies.

He also added that the consistency in policies can only make long term export objective a reality. Government should nurture the industry and induct growth oriented interventions and generate revenue from higher volumes rather than increasing tax rates.

Meanwhile, CEO, AuVitronics Limited, Syed Abbas-ul-Hussaini said, “It is a great pleasure for Pakistan to become part of the global supply of Toyota and it is the beginning of a new era for the local auto industry as it has opened new export markets for the sector”.

Muhammad Tayyab Tareen, Vice Chairman, Auto Engineering, House of Habib, said, “As exports are very essential to accelerate the country’s economic growth, we are making efforts in same direction. This is our first step towards this initiative and we are all striving together to do more.”

It is pertinent to mention here that AuVitronics Limited is one of the largest companies in the field of plastics and automotive parts and it has Technical Assistance from world renowned organizations of the auto sector.

The recent Covid-19 pandemic has exposed several unprecedented challenges for governments and organizations across the globe. As a responsible corporate organization, IMC is committed to support and comply with Government mandates, and to do our part to confront this public health crisis.

Safety Measures by IMC

The Company’s ‘Safety First’ philosophy remains the cornerstone of our approach to tackling these challenges. Our priority remains the safety of our employees and communities. In compliance with government directions, the company has put in place various protocols for when the lockdown is relaxed and the Company’s operations can resume.

• We have implemented remote working during this time, and intend to return to work with minimum staff at our premises in order to maintain social distancing.
• Enforcing avoidance of large gatherings at our premises.
• Suspension of business travel.
• Enforcing daily sanitization and daily body temperature screening for all employees.
• Daily disinfection of the entire facility and transport vehicles shall be carried out.
• Mandatory use of face masks.
• Educating employees on the risks of coronavirus and proper personal hygiene measures.

We have been informed by one of our employees that they have tested positive for COVID-19 on 18 April 2020, during the lockdown. In accordance with the government mandate, IMC’s premises have been closed since 23 March 2020, and the subject employee was last at work on 20 March 2020. Hence, the employee has not been in contact with any of the Company’s employees or stakeholders since commencement of the lockdown. Our prayers are with the employee and their family as they make their way towards recovery, and we will continue to support our employees during this challenging time.

Community Support

We have extended our support to our dealer and vendor communities, and together we strive to better serve the needs of our customers. In order to support those impacted COVID-19 crisis, we have also taken various actions to date, including

• Donated PKR 2.50 million to Saylani Welfare Trust towards grocery hampers for distribution amongst 2,000 families in neighboring communities.
• Distribution of food hampers amongst 7,350 under privileged families worth PKR 22.50 million.
• Donated 50,000 surgical masks to SIUT help our hospitals and medical staff on the front lines.
• Donated a ventilator to a Karachi hospital.
• IMC authorized Dealers across the country have also extended assistance to under privileged communities through financial assistance, distribution of food hampers and Personal Protective Equipment for hospital staff.

Indus Motor Company (IMC), manufacturer of Toyota vehicles in Pakistan, announced the launch of the all-new Toyota Yaris at an attractive price starting at PKR 2.349 million. The company commenced bookings of its new vehicle on 19th March 2020.

Staying true to its focus on continuous improvement and high level of localization, IMC has invested around Rs. 8 billion in all-new model Toyota Yaris which will give customers a value for money car, catering to the discerning needs of the Pakistani consumer.

Talking about the new Toyota Yaris, Ali Asghar Jamali, CEO IMC, said, “We are glad to commence bookings for Toyota Yaris, which will be available for delivery in the month of April. Under the development concept of “The New Value Pioneer” we have focused on enhancing the design and comfort to offer the best in class value to our customers. With our Company’s commitment to delight customers with a wide range of products, Toyota Yaris would be an addition to our wide product range, providing customers with a choice based on their driving needs.”

Toyota Yaris will be available in 1300cc and 1500cc engine displacement in 6 variants. The introductory ex-factory prices for the 1300cc sedan starts at Rs.2,349,000 for GLi MT whilst the ex-factory price for the 1500cc top-of-the-line version, 1.5 ATIV X CVT, is Rs. 2,809,000.

The gasoline only vehicle is set to attract new customers with exciting key features including Smart entry & Push start, 5 speed Manual Transmission & 7 speed CVT, MID with 4.2-inch TFT screen, Auto AC, Steering switches and 6.8-inch capacitive touchscreen infotainment system.

Toyota Yaris also has best in class safety features in all its variants which include Dual SRS airbag, Standardized ABS, EBD & TRC, Vehicle Stability Control (VSC), Brake Assist, Hill-start assist control (HAC), New Seat belt reminder for both Driver & passenger, ISOFIX child seat anchors, Reverse camera and Traction Control.

Moreover, Toyota Yaris meets all the environment regulations; it is more fuel efficient and effectively reduces air pollution. It will offer environment friendly motoring experience with cutting edge eco technology.

Karachi: Indus Motors Company (IMC) organized its Career Day recently at all three Toyota Technical Education Program (T-TEP) institutes, functioning in three regions of Pakistan, in order to familiarize young generation with the latest automobile technology as well as to create employment opportunities to serve the society.

The T-TEP program is to support Dealer’s recruitment activities and reinforce the capabilities of Toyota After-sales service network. Toyota started its global T-TEP (Toyota Technical Education Program) in 1970’s which is now widely recognized across the globe for its effectiveness.

Expressing his views, Ali Asghar Jamali, CEO IMC, said, “Our automobile industry is evolving with time and there’s a dire need to enhance the quality and build relevance into the current skill development programs. Through our T-TEP program, we aim to scale up the students’ skill level and provide them with better employment opportunities.”

Indus Motor Company is involved in providing direct training to instructors and students of the T-TEP institutes to ensure technical knowledge is adequately transferred. Since the inception of all three T-TEP institutes in Karachi, Lahore and Islamabad, a total financial assistance of Rs.74.36 Million has been provided so far to all institutes in shape of training hardware (local & Imported) ,SSTs, Technical Literature, and training operating expenses.

This year, 115 candidates appeared for the test in Government College of Technology (GCT), Lahore which was established in September 2000 and is also IMC’s first T-TEP institute. A total of 23 candidates from the St. Patrick’s Institute of Science & Technology, Karachi which is the second T-TEP institute and was established in December 2004, while 113 candidates appeared from the Construction Technology Training Institute (CTTI), Islamabad which is IMC’s third T-TEP institute and was established in February 2009. 27% of students were hired this year at Toyota Network from all three institutes. –End.

Indus Motor Company (IMC) has won the Best Corporate Excellence Award in the category of Automobile Assembler, as adjudged by the Management Association of Pakistan (MAP), while recognizing and honoring companies that exhibit outstanding performance and demonstrating progressive management practices during the year 2019. The award was received by Mr. Mohammad Ibadullah, Chief Financial Officer, IMC, in a ceremony held by MAP at Karachi. The Chief Guest on the occasion was Asad Umar, Federal Minister for Planning, Development, Reforms and Special Initiatives.

IMC is one of the largest car manufacturers in Pakistan and one of the biggest tax contributors. This is the 5th time IMC has won this Best in Sector Corporate Excellence Award since 2010, whereas IMC has already won the Overall Industrial Corporate Excellence Awards four times.

The evaluation for the Awards comprised of four phases i.e. (a) shortlisting on the basis of dividend payouts during the last three years, (b) detailed financial assessment, (c) review of management practices, and (d) management interviews. The evaluation of awards was carried out and the results were compiled by a neutral third party consultant hired by MAP.

Mr. Ali Asghar Jamali, CEO IMC said, “We are thrilled to receive the award. Though quite diverse, these awards are all linked to one inseparable outcome: that is to make Indus Motor more successful and better than what we are today.” He further added, “Excellence is more than a set of year-end results. So it’s more than a destination, it’s a journey.”