Karachi, 15th July 2021: Indus Motor Company (IMC) has been honoured by The Professionals Network (TPN), Pakistan, for its exceptional contribution to the Global Goals, bagging awards in four categories at the 7th International Environment, Health and Safety Summit and Awards 2021. The awards were presented by the chief guest, DG Rangers-Sindh, Major General Iftikhar Hassan Chaudhary, to the Company’s CFO, Mr Mohammad Ibadullah and Manager-Safety, Health and Environment, Mr Faisal Meghani. The award ceremony hosted by TPN was attended by notables from the corporate sector, government organizations, NGOs, academia and media.

A total of sixty-nine companies competed in sixteen award categories, thirty-nine of which won the coveted awards. A few of these won multiple awards, including IMC which obtained the highest number, leading in categories for “Health & Safety Environment Performance”, “Natural Resources Conservation”, “Water Treatment” and “Support for Health Care Organizations”.

Chief Executive IMC, Ali Asghar Jamali, sharing his thoughts on the occasion, said “I will start by thanking The Professionals Network’s management for providing corporates this excellent opportunity to not just showcase their CSR initiatives but also acknowledge their efforts. It is an honour and we are very humbled to be conferred with these prestigious awards.

He added, “Being at the very forefront of the automobile industry in Pakistan, it is incumbent upon us that we demonstrate responsible corporate conduct and our CSR program ‘Concern Beyond Cars’ is a testament towards that commitment. One such very recent example has been the COVID-19 vaccination for 100% of our employees.”

As a signatory to the UN Global Compact, IMC is fully committed to support the UN Decade of Ecosystem Restoration by reducing its environmental footprint.

Karachi, 07, 2021: Indus Motor Company (IMC) in collaboration with the Government has initiated the COVID-19 Vaccination Drive for its workforce of 4,000 regular and contract employees. The vaccination process was completed over a period of four days.

The Company’s Chief Executive, Ali Jamali shared that: “The Coronavirus pandemic has completely changed the country’s social fabric, bringing with it despair and misery. In order to return some normalcy to life, the Government’s pro-active effort to control the pandemic through mass vaccinations, free of cost, is commendable.”

He further added, “Maintaining a safe and healthy working environment for our people is at the core of Toyota’s CSR Policy. This vaccination drive at IMC is in line with Government directives for organizations to ensure that all employees are inoculated. We are very grateful to the Government of Pakistan and Government of Sindh for assisting us in this effort and thank the Almighty for keeping us and Pakistan safe. As responsible individuals, it is important that we get ourselves vaccinated and continue to follow all COVID-19 safety protocols both at work and home.”

IMC has been at the forefront, in battling the COVID-19 pandemic since its onset last year, helping with its community services and supporting hospitals’ around the country, like the Shaukat Khanum Cancer Hospital, SIUT, Indus Hospital, etc.

Karachi, XX, 2021: Indus Motor Company (IMC) announced the launch of its facelifted Toyota Hilux Revo 2021. With more robust features, off-road driving capabilities and modern design, the new Revo V, Revo G AT and Revo G MT variants will be hitting the market with a price tag ranging between Rs 6.54 million and Rs 7.49 million.

The Company’s Chief Executive, Ali Asghar Jamali said, “Over the years, 4×4 pickup trucks in Pakistan, have garnered popularity and the Revo clearly takes the lead, preferred by both male and female drivers alike, whether for urban driving or off-roading in the deserts of Cholistan.”

He further added, “Following Toyota’s global philosophy of putting “customer first”, we focus on advancing our products that cater to the modern world requirement. The new Revo will soon be hitting the roads, sporting the powerful contemporary look, added technology as well as enhanced driving pleasure for our customers.”

The new Hilux Revo has been revamped with a New Generation 1GD engine with improved power and torque output across a wider power band (150 kW peak power & 500 Nm of peak torque). Other enhancements include the advanced Variable Flow Control power steering, refined suspension and cabin mounts, redesigned 18” alloy wheels and an upgraded 9” audio system to ensure an ultimate driving experience.

Under the government`s ‘Roshan Apni Car’ scheme, overseas Pakistanis wishing to purchase Hilux Revo for their families back home, will also be able to make a purchase through the ‘Toyota Smart Purchase’ online portal. These customers will have the added advantage of preferential vehicle delivery time.

Karachi, 22 June 2021: At its Port Qasim plant, the Management and team of Indus Motor Company (IMC), engaged to plant 1,000 tree saplings on an area measuring two acres. The event was part of a series of activities organized by IMC around the Environment Month, celebrated across the Toyota world in June every year. The plantation activity which was spread over two days generated enthusiastic participation from the entire IMC team.

IMC has pledged to plant a million trees across Pakistan through its One Million Tree Plantation Program partnering with the United Nations Association of Pakistan and aligned with the Global Goal – 3: Climate Action and the Toyota Environmental Challenge 2050 which aims at achieving zero CO2 emissions and a net positive environmental impact.

Sharing his thoughts, CEO IMC, Asghar Ali Jamali said “Pakistan is on the fifth spot on the list of countries most vulnerable to climate change and unfortunately, has one of the highest deforestation rates, considering the unabated destruction of forests and felling of trees to make way for urban development.”

He further added, “It is our collective responsibility, as a nation, to take sustainable actions and IMC is committed to reduce its carbon footprint and support the Government in its efforts for a greener Pakistan. So far, we have planted approximately half a million trees across Pakistan and our Dealers too have joined hands with us in the One Million Plantation Program”.

In April this year, IMC in its efforts to achieve Carbon Neutrality, became Pakistan’s first company to install one of the largest roof-top mounted solar Photovoltaic (PV) plant and biggest Solar PV plant in the automobile industry in Pakistan. It is also the first such unit in the Toyota Asia-Pacific region.

Karachi, June 12, 2021:  Indus Motor Company (IMC), true to its commitment to UNs Global Goal 3: Good Health and Well-being, has made a Rs 5 Million donation to the Sindh Institute of Urology and Transplantation (SIUT), in furtherance of the hospital’s mission. The cheque was presented by Asad Abdullah, Head of CSR at IMC, to Professor Anwer Naqvi, Professor of Urology SIUT and Provost, SIUT Institute of Medical Sciences.

Sharing his thoughts, Chief Executive, Indus Motor, Ali Asghar Jamali observed, “As a developing country with less than 2% of its GDP allocated for total health expenditures, Pakistan struggles to maintain a proper healthcare system with regard to quality and accessibility. It is essential that Corporates step forward and lend a hand.”

He further added, “SIUT is doing a remarkable job, serving the country’s less privileged, providing them quality healthcare, absolutely free, in particular, its efforts to combat the continuing COVID-19 crisis. I will take this opportunity to congratulate Dr Adib ul Hasan Rizvi’s team for living up to SIUT’s mission under his enlightened leadership.”

IMC is a regular donor to some of the biggest healthcare centers in the country including the JPMC, Shaukat Khanum Memorial Hospital, Indus Hospital, The Kidney Centre, etc.

Karachi, May 24, 2021: : Indus Motor Company (IMC), launched the much awaited Toyota Fortuner model lineup which has been given a fresh look. Toyota Dealers across the country are now booking orders from customers with an upfront payment of Rs 3 million, for a diesel or gasoline engine available in three new variants i.e. Fortuner Sigma 4 (4X4 1GD Hi Diesel), Fortuner V (4X4 2TR Hi Petrol) and Fortuner G (4X2 2TR Std Petrol). The ex-factory RSP range between Rs.7.99 million and Rs 9.65 million.

The Company’s Chief Executive, Mr Ali Asghar Jamali, observed, “The Fortuner is in a league of its own. The SUV undeniably, is great value for money, offering unmatched performance and power which is why customers have been vying its arrival. The newly added features are sure to please the discerning taste and needs of our premium customers and new buyers.”

Adding further, he said, “Under the Government’s ‘Roshan Apni Car’ scheme, non-resident Pakistanis will soon be able to purchase vehicles for their families from the Company under the scheme. IMC is supportive of this initiative and will facilitate such customers with preferential vehicle delivery times.”

All 3 variants have a new Prestigious Exterior look, a more Premium Feeling Interior, and for the Diesel variant, a Performance Refinement. Notable spec features in the flagship model include new generation 1GD engine with power, torque and fuel-efficiency improvements, addition of Variable Flow Control in the steering which improves steering feel based on vehicle speed, improved drive modes, Electro-chromic rear-view mirror and Balance Shaft addition in the engine which significantly improves the NVH of diesel variant. To further augment the traction control system, Limited Slip Differential functionality has also been included.

Besides the regular bookings at Toyota authorized Dealerships, Fortuner customers will soon be able to place an on-line order through the one-stop “Toyota Smart Purchase”. The portal allows customers to shop for any Toyota product of their choice from the safety and comfort of their homes or workplaces, placing their order in just four easy steps.

[Karachi, May 19, 2021]: As a tribute to the late Ali Suleman Habib, Founding Chairman of Indus Motor Company (IMC), the Company has pledged support to the Shaukat Khanum Memorial Cancer Hospital & Research Centre (SKMCH), through a Rupees 60 Million donation towards the hospital’s under construction facility at Karachi.

Indus Motor’s Vice Chairman, Shinji Yanagi and Chief Executive, Ali Asghar Jamali presented the cheque to Prime Minister, Imran Khan, at Islamabad.

Sharing his thoughts on the occasion, Mr. Jamali said: “IMC’s association with the Shaukat Khanum Cancer Hospital stretches back over two decades. Cancer treatment in Pakistan is very expensive and beyond reach of the common man. This is where the SKMCH steps in and provides the much needed support to the less privileged of our country and I congratulate its management for a commendable job. This pledge pays homage to our late Chairman, Ali Habib san and the legacy he’s left behind. It not only serves as sadqa e jaaria but also an aide-memoire of his compassion and kindness that he possessed.’

The SKMCH at Karachi is the third and most modern cancer facility being built on 20 acres of land at DHA City where over 75 percent cancer patients will receive free cancer care. Construction is expected to be completed over a period of three years at an estimated cost of Rs.13 billion with state-of-the-art diagnostic, radiation and treatment facilities under one roof, catering to patients in Karachi, Sindh and Baluchistan.

According to a WHO report, in 2020 there were over 178,000 new cancer cases and 177,000 plus cancer deaths documented in Pakistan. Over the next five years, the number of prevalent cases has been estimated to reach an alarming 329,524 cases, the most common cancers in both sexes related to breast, oral cavity, lung, digestive tract and leukaemia.- End

[Karachi, 17th May 2021]: Committed to its resolve to support the Sustainable Development Goal 2 – Zero Hunger, Indus Motor Company (IMC) in partnership with the Saylani Welfare International Trust (SWT) distributed Ramadan food rations to the underprivileged communities under its flagship CSR initiative, Toyota Community Uplift Program.

The annual Ramadan campaign benefits families residing in goths (villages) neighbouring IMC at Karachi. This year the Company has expanded its outreach to around 1,200 destitute families residing in six villages. The Toyota Community Uplift Program, supports the less privileged communities through several regular services such as food distribution, medical and psychiatric camps, targeting families in villages as aforesaid.

Sharing his thoughts, the Company’s Chief Executive Ali Asghar Jamali said, ‘The COVID-19 continues to ravage the country and especially during these trying times it is our social, moral and religious obligation to step up and support our people in the best possible way. Our collaboration with Saylani Welfare Trust goes back many years and I must commend its management for all the work it does with selfless passion.”

The Toyota Goth Education Program is another facet of the Community Uplift Program which provides full financial support for elementary and secondary school education to out-of-school children from economically disadvantaged communities living in villages neighbouring IMC.

Karachi, April 00, 2021: The Board of Directors of Indus Motor Company Limited (IMC) released its financial results for the quarter and nine months ended March 31, 2021.

The Company’s combined sales of Complete Knocked Down (CKD) and Complete Built-up (CBU) units for the quarter ended March 31, 2021, increased by 48.3% to 16,626 units as against 11,209 units sold in the same quarter last year. Moreover, sales for the nine month period ended March 31, 2021, increased by 67.5% to 42,988 units as against 25,662 units sold in the same period last year.

The net sales turnover for the nine months ended March 31, 2021 increased by 73% to Rs. 131.16 billion as compared to Rs.75.83 billion in the same period last year, while profit after tax also increased by 69% to Rs.8.42 billion, as against Rs.4.98 billion achieved in the same period last year. The increase in turnover and profitability for the nine month period was mainly due to higher sales volume and increase in other income. The gross profit margin declined to 8.2% against 10.3% in the same period last year, mainly on account of increase in material cost.

Expressing his views, CEO IMC, Ali Asghar Jamali, said, “I am glad to see that business is returning to some state of normalcy. Infact, March 2021 saw the highest ever production levels at IMC, as a consequence of marked improvements in global supply chain.”

He further added, “IMC has always emphasized the ‘Make in Pakistan’ approach and appreciates the Government’s efforts to promote this policy. We request the Government to draw up the new Auto Policy 2021 – 2026 that encourages incentives to promote HEV technology in addition to incentives currently offered for Electric Vehicles, as well as localization that generates employment not only for OEMs, but for auto parts-makers as well.”

The Company’s Board of Directors declared an interim cash dividend of Rs.30 per share for the quarter, thus making the total dividend for the nine months ended March 31, 2021, Rs. 67 per share. –End

Karachi, April 08, 2021: IMC becomes Pakistan’s first company to install one of the largest rooftop mounted solar Photovoltaic (PV) plant and biggest Solar PV plant in the automobile industry in Pakistan. It is also the first such unit in the Toyota Asia-Pacific region.

The new Solar PV Plant was inaugurated by the company’s Chairman, Mohamedali R Habib, the new Vice Chairman, Shinji Yanagi and CEO, Ali Jamali.

Alarmingly, the carbon footprint of the country has witnessed drastic increase over the past decade, increasing from 154 million tonnes to 248 million tonnes in 2019. To advocate sustainability, the government is committed to reduce the environmental impact by 2025.

The Solar PV Plant has more than 10k PV panels that have a capacity of 4.5 MWp rating. The unit is expected to reduce the factory’s carbon footprint by more than 3,000 tons annually and considerably reducing energy cost.

Sharing his thoughts on the occasion, CEO IMC, Ali Asghar Jamali, said “The world is moving towards renewable energy and Pakistan must move fast to reduce the growing impact on environment. This Solar PV Plant offers us the opportunity to make effective cost savings and will take us towards partial self-sufficiency in energy supply. We have plans to further enhance the solar capacity by an additional 1.3 MWp rating, in the near future.”

Further, he added, “Based on the global Toyota Environmental Challenge 2050, we aim to work towards a society where people, cars and nature can co-exist in harmony and we’re committed to do our part for achieving a more sustainable society”.

Indus Motor achieved yet another milestone, celebrating the highest ever production and sales volumes, historically in the month of March 2021. Following ease in the COVID-19 lockdown, economic activities began to normalize and the automobile industry experienced an increase in demand. Consumer purchasing power was revitalized, and a reduction in interest rates led to increase in auto financing, which contributed to demand increase. This has required local automotive companies to vigorously manage their manufacturing operations to overcome problems in inbound international logistics operations.

CEO IMC, Ali Asghar Jamali, stated, “We are overjoyed and thank the Almighty for this remarkable achievement. IMC has remained focused on improving its operational efficiencies, maintaining high quality standards, effectively managing cost pressures and delivering maximum value to its customers. We have been operating on double shifts basis, all Saturdays as well as working extended hours. These measures have been taken with the view to increase supply and timely meet our delivery commitments, while strictly following the SOPs put in place by the authorities.

I would like to acknowledge the tremendous and dedicated efforts of my entire team at IMC, our extended family of Dealers and vendors and of course our business partners for making this possible.”

He further added, “The economic upturn following the despair soaring over the auto industry during the COVID-19, owes itself to the Government’s introduction of favourable policies. Reduction in interest rates has been a major factor that led to an increase in auto financing, bolstering consumer confidence.”

“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 loyal customers and their trust in us that IMC is working diligently to provide them with the best even during the times of global pandemic. We look forward towards the continued support as we move ahead and would like to appreciate them for their continued loyalty towards our products and services.”

IMC is the constant promoter of “Make in Pakistan” and has a very strong commitment towards localisation. Locally produced parts worth over Rs.200 million are used by IMC every day with purchases amounting to over Rs.45 billion annually. IMC has enabled over 30 Technical Assistance Agreements with local as well as global auto part makers which have resulted in technology and knowledge transfer to Pakistan.

Karachi, March 31, 2021: Indus Motor Company (IMC) won the top position at ‘Living the Global Compact Best Practices Sustainability Awards 2020’ hosted by the UN Global Compact Network Pakistan. This is the sixth year in a row that IMC has won this award in recognition of its integrating the 10 Principles of United Nations Global Compact and for embracing the UN Sustainable Development Goals in its business operations.

The objective of the Global Compact Network Pakistan is to promote the ten principles of UN Global Compact on human rights, labour, environment and anti-corruption and assist companies and other stakeholders to engage in strategic CSR initiatives and programs. So far over 80 business enterprises are on board with the network.

“We’re privileged to have been honoured with this top award. It not only acknowledges IMC’s commitment towards strategic and sustainable CSR, but also appreciates its efforts in reporting globally the practical implementation of all the SDGs through its various CSR projects. The Global Compact Network Pakistan is playing a critical role in creating awareness and helping to develop the social outlook of businesses in the country which is commendable”, said CEO Indus Motor, Ali Asghar Jamali.

Further, he added, “The Toyota Environmental Challenge 2050 too, aims at moving towards a society where people, cars and nature can co-exist in harmony and we’re committed to do our part for achieving a more sustainable society”.

IMC is a signatory to the UN Global Compact and the diversity of its CSR initiatives are aligned with the SDGs including SDG 8 – Decent Work and Economic Growth, for which the Pakistan Business Council has declared IMC as the Industry Leader; SDG 4 – Quality Education through its flagship Toyota Goth Education Program and Toyota Technical Training Program; SDG 3 – Good Health and Well-being and SDG 7 – Zero Hunger both through collaboration with Saylani International Welfare Trust; SDG 13 – Climate Action through the Company’s Million Tree Plantation Drive and 5S Ecological Conservation both in collaboration with the United Nations Association of Pakistan.

Karachi, March 27, 2021: For the third consecutive year, Indus Motor Company (IMC) won the 13th Corporate Social Responsibility Award 2021 conferred by the National Forum for Environment & Health (NFEH) in recognition of its initiatives in the Corporate Social Responsibility sector. The award was presented by Minister Information, Science & Technology, Department of Sindh, Mr Taimur Talpur, at a ceremony at Karachi.

The NFEH annual CSR Award is one of the coveted awards in the country. NFEH is affiliated with the United Nations Environmental Program and supported by the Ministry of Climate Change, Government of Pakistan.

Speaking on the occasion, the Chief Executive Officer of IMC, Mr. Ali Asghar Jamali said, “It is an honour receiving this accolade and I take this opportunity to appreciate the NFEH for its commendable efforts. It is encouraging to see that more and more companies in Pakistan are coming forward and actively contributing socially, environmentally and economically and the NFEH provides just the platform to showcase their CSR initiatives.”

IMC recently received four awards at the 10th Annual International Corporate Social Responsibility Summit and Awards 2021.

Hub, Baluchistan – 14th March 2021: The 8th Toyota Hub Rally culminated here amidst huge fanfare after an exhilarating, adventure filled two days. Organised yearly under the Toyota Gazoo Racing umbrella, the Hub rally was sponsored by Indus Motor Company (IMC) in collaboration with the company’s dealer, Toyota Highway Motors. The event included the country’s renowned motorsports celebrities participating in the race, including women racers, who displayed their driving prowess to the tee.

Also at the event, the “Fast Fun Fest” organized by IMC was another crowd puller where motor enthusiasts got the opportunity to explore and unleash the adventure spirit of the Toyota Hilux Revo and Fortuner. Participants had a chance to enter a competition which required completing the track in minimum time.

The Rally route extended as far as the Gaddani coast where a 50 km track was prepared to excite off-roading aficionados. The total winning purse this time was more than Rs 2 million, doubled compared to 2020.

Commenting on the event, CEO IMC, Ali Asghar Jamali, said “First of all my congratulations to all the winners. I think everyone on the track did a wonderful job. Motorsports in Pakistan is a trend fast picking up pace. The thrill and the adrenalin rush the sport generates, is unmatched. At Toyota we call it the ‘waku-doki’ experience. I am happy to see that the turn out this year has been great, a welcome respite in the COVID-19 era”.

He added, “Toyota Gazoo Racing embodies Toyota’s commitment to overcoming every limit to make “ever-better” cars. The diversity of 4x4s, predominantly locally manufactured Toyotas, racing the tracks has been a visual spectacle. Over the years, the Rally has garnered considerable attention as more female rally drivers, sports stars, and celebrities joined the event. It was a proud moment to see that the women racers also participated with full enthusiasm and did really well.”

The introduction of motorsports in Pakistan has injected a new wave of excitement for rally drivers. Towards this end, the contributions of Shujaat Sherwani, CEO, Toyota Highway Motors, for the sport’s promotion are invaluable. His vision of the ‘Hub Rally’ concept has been key in the sport gaining popularity across the country at a rapid pace. IMC recently also sponsored the Cholistan Rally.

Karachi, March 11, 2021: Indus Motor Company (IMC) served as the official Women Leaders’ Partner in the annual youth leadership conference, Markhor, held between March 5 and 7 at Khanpur Dam, Haripur.

Organized by The Youth Impact (a non-profit organization), the Markhor is a wilderness based experiential learning program that aims to bring high potential youth of Pakistan together and inculcate a spirit of social leadership amongst them.

Of the total ten students sponsored, eight were from IMC’s flagship Toyota Goth Education Program (T-GEP) whilst two hailed from Quetta. The recipients of the scholarships are to serve as brand ambassadors and selected purely on merit and need basis.

CEO IMC, Ali Asghar Jamali, who attended the conference as a keynote speaker, said, “Our young people are the beacons who will lead Pakistan into the future. As a supporter for SDG 4 – Quality Education, we believe in an inclusive and equitable quality education for all. It is always our endeavour to support women empowerment and leadership and the Markhor is just the platform that provides the opportunity to a young diverse audience. As change catalysts, I am confident that they will become our advocates who will motivate other students as well and give back to society.”

The Company instituted the Toyota Goth Education Program (T-GEP) in 2008 under its Community Uplift Initiative to provide full financial support for elementary and higher secondary school education to children from economically underprivileged communities of neighboring localities where IMC operates.

Karachi, Mar. 3, 2021: To further its Million Tree Plantation Program, Indus Motor Company (IMC), has signed a Memorandum of Understanding (MoU) with the United Nations Association of Pakistan (UNAP). The MoU was signed at IMC headquarters, by the Company’s CEO, Ali Asghar Jamali and President UNAP, Moohi Shaheen.

Under the partnership, UNAP will undertake to plant over 150,000 tree saplings in Karachi and surrounding areas.

Expressing his views, Mr. Ali Asghar Jamali, CEO IMC, said “Deforestation is becoming a serious concern for Pakistan. What is needed is a fast, equally serious and collective endeavour to overcome this predicament and our collaboration with UNAP for the Million Tree Plantation Program aims to do just that. As a signatory to the United Nations Global Compact (UNGC), we are committed to support the SDGs and our social responsibility initiatives are aligned accordingly, in addition to the Toyota Environmental Challenge 2050.”

UNAP is dedicated to promoting the UN’s development agenda outlined in its 17 Sustainable Development Goals (SDGs). By signing the MoU with IMC, UNAP aims to broaden its span of activities regarding SDG 13 and 15 (climate action, life on land). At the same time, it will be promoting the concept behind SDG 17 (partnership for goals), which asks for all-inclusive and collective efforts for achievement of the SDGs.

Karachi – 26th February 2020: The Board of Directors of Indus Motor Company (IMC) released its financial results for the half-year ended December 31, 2020.

IMC’s combined sales of Completely Knocked Down (CKD) and Completely Built-up Units (CBU) units increased by 82% to 26,362 units against 14,453 units sold in the same period last year. The Company produced 26,383 vehicles, registering an 81 % increase, as compared to 14,555 units produced in the same period last year. IMC’s market share in the overall market stood at approximately 24.7% for the half year ended December 31, 2020.

The Company’s net sales turnover for the half year ended December 31, 2020, increased to Rs. 79.65 billion as compared to Rs. 42.78 billion, for the same period last year, while profit after tax increased to Rs. 4.8 billion as against Rs. 2.3 billion achieved in the same period last year.

The increase in turnover and profitability for the half-year period was mainly owing to higher CKD and CBU volumes, and increased other income due to improved cash flows. However, cost increases mainly due to Rupee devaluation eroded the gross profit margin to 7.55% against 8.81% in same period last year.

The Company experienced an overwhelming response to Toyota Yaris in the first, as well as second quarter of fiscal year 2020-21 which contributed to volume increase in Passenger Car segment. Moreover, Fortuner TRD variant was launched in October 2020 which too was well received by customers.

The Auto policy introduced in 2016 will end by June 2021. The policy enabled green field investments in the auto industry to reach the 500,000 units of annual production capacity, with multiple brands and product offerings. Consumer purchasing power was revitalized, and a reduction in interest rates led to an increase in auto financing, which contributed to demand in the first half of FY 20-21.

The Earnings Per Share of the Company for half year ended December 31, 2020 stood at Rs.61.08 as compared to Rs. 29.32 reported during the same period last year. The Board of Directors with pleasure, have declared second interim cash dividend of Rs. 25 per share for the half year ended December 31, 2020, compared to Rs. 6 per share, for the same period last year.

Expressing his views, CEO IMC, Ali Asghar Jamali, stated, “Overall, the automobile industry is clearly bouncing back. The economic upturn following the gloom and despair hovering over the auto industry during the COVID-19 lockdown, owes itself to the Government’s timely decision to ease the lockdown and introduction of favourable policies. Reduction in interest rates has been another factor that led to an increase in auto financing, bolstering consumer confidence.”

He further added, “We thank our valued customers who have always placed their trust in our products, as well as all our employees, stakeholders and shareholders for their sustained support.”

During the period, the Company received accolades, winning the “Most Outstanding Company in Pakistan 2020 (Automobiles and Component Sector)” awarded by Asiamoney, and the “Best Sustainability Report Award 2019” conferred by the Joint Committee of Institute of Chartered Accountants of Pakistan and Institute of Cost and Management Accountants of Pakistan.

Karachi, Feb.18, 2021: Indus Motor Company (IMC) has introduced the Toyota Smart Purchase portal that allows customers the experience of making an on-line purchase from the company’s diverse product line up, sans a dealership visit.

The Toyota Smart Purchase is the first ever end-to end on-line booking and payment system introduced by any automobile company in Pakistan. It promises customers unmatched convenience at their doorstep anytime, anywhere.

CEO IMC, Ali Asghar Jamali sharing his thoughts observed, “The one-stop Toyota Smart Purchase promises to take shopping to a whole new level. Customers now have the luxury of shopping for their favourite Toyota from the safety and comfort of their homes or workplaces, placing their order in four easy steps.”

He further added, “Keeping customers convenience foremost, is fundamental to Toyota’s Customer First principle. The COVID-19 outbreak has completely altered the way we think and creating the new normal through kaizen and smart use of technology is the need of the hour.”

IMC has received several customer orders both with partial and full payment. The public response to the new digital platform has been encouraging and expected to catch on further.

Karachi, February 8, 2021: Indus Motor Company (IMC) has been recognized by The Professionals Network (TPN), Pakistan for its exceptional contribution towards social development, bagging awards in four categories at the 10th Annual International Corporate Social Responsibility Summit and Awards 2021. The awards were presented by President, Karachi Chamber of Commerce and Industry, Mr Shariq Vohra. The award ceremony hosted by TPN was attended by prominent personalities belonging to the corporate sector, government organizations, NGOs, academia and media.

Over 100 companies competed in 25 award categories, 51 of which won the coveted awards. IMC led categories for “Sustainability Initiatives”, “Business Leadership”, “Reporting & Transparency” and “Green Environmental Stewardship”. The award is the first and only CSR Award platform in Pakistan registered as an Intellectual Property Organization (IPO) with the Government.

Sharing his thoughts on the occasion, CEO Indus Motor Company, Ali Asghar Jamali said “It is an honor and a privilege to be conferred with these prestigious awards. I congratulate The Professionals Network’s management for its commendable effort and providing corporates the platform to showcase their CSR initiatives”.

Further, he added, “Being socially responsible, IMC takes CSR as an obligation to society which extends beyond economic and legal duties. Our activities, contributions and impacts are aligned with the United Nations SDGs that help us create a better environment, products and socially uplift the communities where we operate”.

The company has been focused on working simultaneously on various SDGs including SDG 8 – Decent Work and Economic Growth, the Pakistan Business Council having declared IMC as the Industry Leader; SDG 4 – Quality Education through its flagship Toyota Goth Education Program and Toyota Technical Training Program; SDG 3 – Good Health and Well-being and SDG 7 – Zero Hunger both through collaboration with Saylani Welfare Trust; SDG 13 – Climate Action through the Company’s Million Tree Plantation Drive and 5S Ecological Conservation both in collaboration with the United Nations Association of Pakistan.

Karachi 28 Jan 2021: Indus Motor Company (IMC) has signed a MoU with The Citizens Foundation (TCF), renewing its pledge, for the 13th running year, to provide quality education from grass root level to the country’s less privileged children.

This collaboration will entail managing the Company’s flagship Toyota Goth Education Program (T-GEP) through TCF schools as well as TCF campuses built and supported by IMC in multiple cities.

The T-GEP was initiated in 2008 under IMC’s Neighbouring Community Uplift Program for out-of-school children living in ‘goths’ (villages) neighbouring IMC, providing full financial support for elementary and secondary school education. There are currently over 250 students enrolled under the program. In addition to this, around 1,100 students are currently studying at three IMC built and supported, TCF campuses located at Karachi, Hyderabad and Muzzafargarh.

Speaking on the collaboration, CEO Indus Motor Company, Ali Asghar Jamali observed, “Pakistan has the world’s second-highest number of out-of-school children aged between 5-16 years. IMC is committed to play its role in making a difference by supporting to educate the less privileged children of our country. Our continued collaboration with The Citizens Foundation in furthering this cause is a testament to that promise.”

He further added, ‘Every child has a right to education and girls have the same right to education as boys. I am proud to say that 48 percent of total students enrolled with T-GEP and at the three schools, are girls. Clearly, there is a shift in parents being more receptive today to educating their daughters which is very encouraging. Educating girls saves lives and builds stronger families, communities and economies.”

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.