KARACHI, February 27, 2020: The Global Compact Network Pakistan (GCNP) has conferred the first prize of “Living the Global Compact Best Practices Sustainability Award 2019 to Indus Motor Company (IMC) in the category of Multinational Companies. This prestigious award is granted in recognition of integrating the ten principles of United Nations Global Compact (UNGC) and for embracing the Sustainable Development Goals (SDGs).

Winning this prestigious award fifth time in a row signifies IMC’s continuous commitment towards its objective of enhancing quality of life and contributing towards a healthier future in complete alignment with UN’s SDGs. Hence, the company places the highest priority on good governance, steering the management and employees to follow strict procedural controls, regular audits and disclosures to ensure transparency, work through clear management lines and respect labor laws to provide an equitable environment for all staff. The company promotes environmental conservation by adhering to best operational practices and maintaining strict health and safety standards.

Sharing his views on the occasion, Ali Asghar Jamali, Chief Executive Officer, IMC, said, “We are honored to be recognized by GCNP for our dedication to maintain the best practices across our business operations. The acknowledgement not only motivates us further to continue our mission in line with UNGC principles but also maximize our support to SDGs.”

He further expressed, “In today’s business world, sustainable movement is gaining traction worldwide among governments and businesses, which is not only good for the environment and the communities they operate in, but beneficial to the bottom line as well.”

Members of the National Assembly Standing Committee on Industries and Production visited Indus Motor Company to witness the manufacturing process of vehicles.

The delegation was led by the Chairman of standing committee Mr. Sajid Hussian Turi, MNA. Members include Mr. Nasir Khan Musazai, Mr. Muhammad Akram, Sahibzada Sibgatullah, Ms. Sajida Begum, Mr. Usama Qadri, Mr. Muhammad Pervaiz Malik, Mr. Riaz Ul Haq and Mahar Irshad Ahmed Khan. Senior officials from the ministry of industries were also present.

The Committee paid its visit to different sections of the manufacturing plant and was amazed to witness the localization, which the company has achieved. They applauded the efforts of IMC to create local engineering activity, local economic activity and the company’s contribution towards the distribution of wealth and employment generation.

The committee was pleased with the extent of investment IMC has undertaken and capacity expansion. The committee members were pleased to see the elements of discipline and skilled workforce and investment by IMC in human capital development. At every step quality is being ensured through Process Automation and Coordinate Measuring Machines. It has been observed that Toyota Global Standards have been followed in all processes.

The committee also lauded IMC’s contribution and value sharing through CSR. Million tree drive and other key initiatives are examples of responsible corporate citizens and should be followed by other organizations.

The Committee appreciated the role of Management for providing the good quality/ standards products in Pakistan and launching of new models of cars.

“Government should ensure the consistency of policies to provide a predictable and transparent environment which is a prerequisite for industrialization and economic growth,” said CEO IMC, Ali Asghar Jamali.

He added that the Government should support in promoting localization which will ultimately lead to employment opportunities, transfer of technology and open doors to export.

The auto industry is home to 3 million direct and indirect labour and the Government has to ensure that investment and localization achieved by the auto industry for the past many decades should be safeguarded so that existing players and new entrants are motivated to invest more.

Highlighting the challenges to industry, CEO said that rupee devaluation, imposition of Federal Excise Duty and Additional Custom Duty has impacted the auto industry adversely. Government should promote Make in Pakistan by encouraging industrialization.

Hence, he added, the current situation requires that the Government and policymakers should not digress from their commitment to promote the local industry.

The committee has promised to take up the taxes and duties matters to the relevant authorities in order to support the biggest manufacturing sector of Pakistan.

Karachi: Toyota-IMC says demand for automobiles declined significantly in Pakistan during the first half of the fiscal year 2019-2020, due to a slowdown in the economy, devaluation of the PKR against the US Dollar, and various structural reforms and policies of the Government.

It says demand was also affected by Additional Custom Duty and FED coupled with rising inflation and declining purchasing power of consumers. Industry growth remained heavily dependent on consistent government policies and favourable economic conditions.

Mr. Ali Asghar Jamali, CEO, Indus Motor Company, says, “I am happy to state that during this period, IMC has remained focused on improving its operational efficiencies, maintaining high quality standards, effectively managing cost pressures and delivering maximum value to its customers.”

Combined sales of CKD and CBU produced by IMC-Toyota during the half year ended December 31, 2019, stood at 14,453 units. This was down by 56% over 33,087 units for the same period in the previous year. IMC has reported that the decline was mainly due to custom duty increase and levy of FED. It also said that while rise in interest rates reduced auto financing, the devaluation of Pakistan Rupee was also a factor in the decline.

IMC’s net sales revenues for the half year ended December 31, 2019, declined to Rs 42.8 billion as compared to Rs. 76.4 billion for the same period last year. The Company’s profit after tax, declined to Rs 2.3 billion as against Rs. 6.9 billion in the same period the previous year. The marked decline in sales and profit for IMC was also a result of the devaluation of the Pak Rupee against the US Dollar.

The Earnings per Share of IMC for the half year ended December 31, 2019, was Rs. 29.3 as compared to Rs. 87.9 in the same period last year. Even then, a second interim cash dividend of Rs. 6 per share was declared by the company Board of Directors for the half year ended December 31, 2019.

IMC received the Pakistan Stock Exchange (PSX) Top 25 Performing Companies Awards for 2018 for its dedication and excellent performance. IMC was also declared as the Most Outstanding Company in the category of Automobile & Components during 2019 by Asiamoney, an influential business publication. It also won the Commendable Kaizen Award in the seventh cycle of Customer Satisfaction Kaizen Evolution (CSKE) hosted by Toyota Motor Asia Pacific (TMAP).

IMC also won the Corporate Social Responsibility Award 2020 from the National Forum for Environment and Health for its contribution to sustainable development of society.

Karachi, February 07, 2020: Indus Motor Company (IMC) has signed a Memorandum of Understanding (MoU) with Dr. Ruth K. M. Pfau Civil Hospital, commonly known as Civil Hospital, with an objective to innovate and realize better shelter options in the premises for the attendants of hospitalized patients.

It will provide the framework for a partnership between the Civil Hospital and IMC for undertaking fabrication of a number of shelters inside the hospital as per the design approved by IMC. All these shelters would be meant only for the attendants of patients hospitalized there.

Expressing his views, IMC Chief Executive Officer Ali Asghar Jamali said, “We are elated to have an opportunity to do our part in fostering a responsible society. We at IMC, take utmost pride in always striving to lead the way and setting an example through our corporate social responsibility (CSR) initiatives. Through the MoU today, we proudly reaffirm our commitment to the people of Pakistan and will continue to do everything possible to improve our environment.”

IMC has built an impressive reputation both, through manufacturing high quality cars and by taking initiatives that have created value for the society. The passion to give back to the people through projects that encourage sustainable development in the socio-economic spectrum and the environment at large is what has always set IMC apart from its contemporaries. Recognizing the company’s outstanding CSR services towards health and education, IMC has been honored with multiple awards.

The Civil hospital is a teaching hospital affiliated with the Dow University of Health Sciences. It is the largest teaching hospital of Pakistan, catering not only to all areas of the province of Sindh but the neighboring province of Balochistan as well. The 1,800-bed tertiary care public facility imparts both, undergraduate and postgraduate teaching and training, and is currently being run under the jurisdiction of the provincial government of Sindh.

Karachi, Jan 23, 2020: Indus Motor Company (IMC) has won the Corporate Social Responsibility Award 2020, for its contribution towards sustainable development of society which has been recognized by the National Forum for Environment & Health, Karachi.

The Award Distribution Ceremony was held at a local hotel in Islamabad. Mr. Malik Ameen Aslam, Federal Minister and Adviser to Prime Minister of Pakistan for Climate Change graced the event and handed over the prize shield to all recipients. Mr. Babar Salim Khan, Chief Regulatory Officer, IMC received the Award on behalf of the company.

Commenting on the win, IMC Chief Executive Officer, Ali Asghar Jamali said, “It is a moment of joy for us to be recognized again by NFEH. This honor that has been bestowed on us again goes a long way to show the commitment we have for our environment and society. We take pride at Indus Motors in our CSR initiatives and have always strived to set an example as a leader in corporate social responsibility.” He further added, “IMC reaffirms its commitment to the people of Pakistan and will always do everything possible to improve our environment.”

Indus Motor Company identifies itself as a socially responsible corporate citizen, investing in initiatives beyond simply manufacturing cars. Creating value for the society we operate in is as important to us as it is to create value for our shareholders and our customers. IMC’s predominant concerns beyond cars include the transfer of knowledge, health care, road safety, innovative technologies and sustainable cities.

The National Forum for Environment & Health presented the CSR Award to Indus Motor Company in recognition of its outstanding CSR services over the year and how these services have benefitted the community in which it operates.

Indus Motor Company has won NFEH Awards for its contribution to health, education and CSR in previous years as well.

Karachi, Dec, 2019: Faizan Mustafa of Indus Motor Company (IMC) has won “The Global CIO 200 Summit 2019 Award” in the category ‘Inspiring Business Transformation’.

The CIO 200 Awards celebrate digital transformation leaders and recognize their undeniable merit in leading the digital revolution.

The award ceremony was held on Dec 9-10, 2019 at DoubleTree by Hilton, RAK (Ras Al Khaimah), UAE. Overall, there were 3200 nominations from 15 countries for the coveted award and only 200 nominations were selected to participate in the Global event. Finally, 20 CIOs were awarded Global CIO Award under 10 different categories.

Congratulating Faizan Mustafa on winning the Global CIO Awards, Mr. Asghar Jamali, CEO, Indus Motor Co., said, “I am very encouraged and hopeful that the win would further motivate IMC IT team to deliver business value by creating a competitive advantage and optimizing processes, enabling growth and improving relationships with customers. It is certainly an honor that everyone at IMC can take pride in.”

Toyota Indus Motor anticipates that his endeavor will continue for making persistent efforts in digitally transforming Indus Motor Co. into a more customer-centric organization.

Karachi, December 26, 2019:  Toyota Indus Motor Company (IMC) and the Saylani Welfare Trust have joined hands for taking forward the execution of IMC’s philanthropic activities at the underprivileged neighboring localities of IMC.

These two iconic activities are Weekly Medical Camps at three locations and Weekly Food Distribution, which are being run under IMC’s Community Uplifting Program since last 30 years.

So far, IMC has served around 2 million people through these two projects. Both of these two projects will now be run by Saylani under IMC’s support.

According to details, Mr. Muhammad Ghazzal, COO accompanied by Mr Rais Fatah, Trustee of Saylani Trust along with other delegates visited IMC for signing the MOUs.

Speaking on the occasion, Mr. Ali Asghar Jamali, CEO, IMC, said, “I am confident that our collaboration with the Saylani Welfare Trust will turn out to be a greatly fruitful initiative as we will now be able to extend our services to more people in our neighboring underprivileged communities. While community improvement has been a basic pillar of our initiatives from day one, it will now receive a greater fillip.”

Mr. Muhammad Ghazzal  thanked IMC and opined that serving to humanity with the support of reputed corporate, like Indus Motor Company, will not only boost our morale but will also impact in larger scale.

Toyota Indus Motor Company is honored as the Most Outstanding Company in the category of Automobile & Components during the year 2019 in Pakistan by the Asiamoney, an influential 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.

The Asia’s Outstanding Companies Poll was designed by Asiamoney to acknowledge the listed companies that have excelled in areas such as financial performance, management team excellence, Investor Relations activities and CSR initiatives. The awards were decided on the basis of votes each company received by fund managers, buy-side analysts, ratings agencies and bankers.

Expressing his views, Ali Asghar Jamali, CEO Indus Motor Company said, “We are proud to have received this award from one of the leading business publications in the world. It is a testimony of hard work that Indus Motor Company puts into its work and an acknowledgment of the quality that we always strive to maintain in our philosophy. This milestone will give us further motivation to improve on our standards and we realize that it sets a benchmark which is our responsibility to maintain as one of the leading automobile manufacturers in the country.”

IMC racked up the most votes in Pakistan, demonstrating the voters’ recognition of its steady business model, innovative approaches, emphasis on quality, superior customer service and most importantly its worthiness of recognition.

IMC has been awarded the Commendable Kaizen Award in the seventh cycle of Customer Satisfaction Kaizen Evolution (CSKE). The competition is hosted by Toyota Motor Asia Pacific (TMAP) every year and all affiliates from the Asia Pacific region take part in it to strive towards the common objective of providing an incredible customer service experience to customers.

This year IMC won the Best Kaizen Award in the category of Body & Paint. Commenting on the win, IMC Chief Executive Officer, Ali Asghar Jamali said, “I and all my colleagues here at IMC are delighted that our talent has outshined in an international competition. Through CSKE, we have taken numerous initiatives to create value for our customers. And we will keep on sustaining these standards to achieve the highest level of Customer Delight”.

Kaizen team leader, Asif Raza, who has made it all possible has been associated with IMC for 2 years and has been looking after the Nationwide Body & Paint Business. CSKE promotes a sense of healthy competition among distributors and is the most celebrated event of the year. The theme for CSKE 2019 was ‘Reduction in Body and Paint Process Lead Time’ at dealerships in Pakistan. The final presentation and award distribution ceremony was held recently in Singapore.

Karachi, November 22, 2019: Indus Motor Company (IMC) celebrated its 30th anniversary at an impressive ceremony which was held at the company’s Toyota plant in Port Qasim Industrial Area near Karachi.

The 30-year anniversary celebration of Indus Motor Co. was attended by Mr. Yoichi Miyazaki, Operating Officer, Toyota Motor Corporation and Mr. Ali Habib, Chairman, Indus Motor Company. Guests from Toyota Motor Corporation and Toyota Tsusho Corporation also attended the ceremony, along with dealers, suppliers and employees of IMC.

Speaking at the ceremony, Mr. Miyazaki said, “I would like to express my sincere congratulations on this memorable event to Mr. Ali Habib, Chairman of IMC and to everyone who contributed to this great achievement. We have had a great partnership for 30 years and during my visit I was truly convinced, how trusted and established Toyota brand is among Pakistani customers. This achievement is outcome of outstanding effort of IMC management and the members as well as dealers and suppliers.”

He further added, “The market will become increasingly tough due to new entrants; we expect to overcome the difficulty as one team. We as Toyota will try our best to introduce better models into the market and I would like to ask IMC to try best to deliver the quality vehicle to every single customer. Pakistan’s market has a great potential and we have high expectations for it. Although current automotive market is facing the crisis situation, we are more than confident that the market will strongly grow again in near future.”

In his remarks, Mr. Ali Habib, the Chairman of IMC said, “For me personally this 30 year journey has been a tremendous learning of The Toyota Way, it has been a true privilege and honor.  When Tatsuro Toyoda San inaugurated the facility here, he made a very important comment which has been true, and this was that Toyota’s investment in Indus Motor Company was not just an investment but it was an investment in Pakistan and that indeed is true by the transfer of technology not only here but throughout our network of dealers and suppliers.”

He added, “The localization achieved would not have been possible without the constant support and endeavors of our partners at Toyota Tsusho, so thank you TTC.  Ever since we started, we have maintained a market leadership in our category. We have the capacity but more importantly, the team has the passion and the heart.”

The company started its operations in 1989 as a joint venture between the House of Habib, Toyota Tsusho and Toyota Motor Corporation.

Indus Motor Co. is the authorized assembler and manufacturer of Toyota vehicles, auto parts and accessories in Pakistan.

Karachi, Nov 8, 2019: Indus Motor Company accelerates the million tree plantation drive. Over 150 employees from Indus Motor Company and Thal Boshoku Pakistan carried out the tree plantation activity on Nov 7, 2019 in front of Thal Boshuko, which is spread over 5 acres, situated in Port Qasim.

The activity is a part of IMC’s ‘Million Tree Drive’ in which they have so far planted more than 300,000 trees.

In his remarks on the company’s on-going tree plantation drive, the CEO of IMC, Ali Asghar Jamali said, “The Million Tree Drive represents IMC’s commitment to support the government’s Clean and Green Pakistan Movement. We strive to bring down CO2 emissions from factories to zero as part of Toyota Environmental Challenge 2050. In pursuance of this, we have pledged to plant one million trees across Pakistan.”

As an active signatory of the United Nations Global Compact (UNGC), IMC has underscored its contribution towards achieving the UN sustainable development goals (SDGs).

The IMC’s ‘Million Tree Plantation’ project is also moving forward with the long-term aim of protecting the land against erosion, turning the country’s barren landscape into forests, enhancing rainfall prospects and helping mitigate the effects of climate change on ecosystems and biodiversity of the country.

Karachi, October 25, 2019: Indus Motor Company (IMC) has announced that there will be no layoff of employees despite slowdown in production.

IMC has resumed production to 50% capacity from October 1 after a closure over the last 15 days of September.

“The country is going through an economic slowdown and the overall market has remained volatile. This has indeed been a great struggle. The factors largely contributing to this include Rupee depreciation, reduction in car financing, increase in Federal excise duties (FED) and higher input costs,” said a spokesman of IMC.

“Over a 12-month period, the rupee depreciated over 31.6%. Additionally, the Government of Pakistan has imposed 7% ACD, 3% additional sales tax on all imports and 7.5% FED for vehicles of 2000cc and above. There is also a fresh Federal Excise Duty of 2.5% and 5% FED on locally manufactured vehicles. All this is having an adverse impact on the auto sector and has resulted in a major decline in sales. Of the total cost of a vehicle, 40% comprises the taxes and levies imposed by the government. It is a misconception that the rising rate of tax collection will not affect vehicle sales and total tax collection; in fact, the decline in sales will result in decline in tax collection from the auto sector,” he added.

“Yet, we have decided not to go for layoffs despite the hard times. We are absorbing this financial crunch,” he said.

A general perception exists in Pakistan that cars assembled locally have gradually become expensive without any value addition. The prices of cars have not increased but have been adjusted according to the depreciation of the Pakistani rupee against the dollar. Prices have, in fact, been reduced by the manufacturers but it seems as if they have increased since the PKR is depreciating in relation to the US dollar and the customer is paying more in rupee terms.

The spokesperson pointed out that with every model change; IMC has successfully incorporated more localization, increased specifications and reduced the dollarized cost by procuring local parts worth over PKR 200+ million every working day.

The spokesman added that in 1993, the price of Corolla was $19,630 with 15% GST and the PKR value was Rs.27 against the dollar. Now, in 2019, the same Corolla is available for $15,618 despite 17% sales tax and 5% FED while the PKR value against the dollar is Rs.160. This means better specifications at low price.

He said this clearly showed that over the years, IMC had localized more and sustained the burden of heavy taxation and PKR devaluation to keep providing quality vehicles at low prices to its valued customers.

Karachi, Sept 25, 2019: Indus Motor Company fully recognizes the importance of disclosing information concerning its approach to its triple bottom line responsibility. To this end, the Company has published its 4th Sustainability Report for the financial year 2019. The Report presents a holistic view of IMC’s contributions to sustainable development. It has been prepared according to the Global Reporting Initiative (GRI) Standards, which is the most widely recognized framework for sustainability reporting.

Over the years, Indus Motor Company has actively benchmarked its operations and has duly implemented the 10 principles of the United Nations Global Compact (UNGC). It also supports the Sustainable Development Goals (SDGs) to achieve its strategic objectives in terms of sustainability.

Mr Ali Asghar Jamali, CEO IMC, in commenting on release of IMC’s 4th Sustainability Report, said, “We consider this integral to achieving our corporate goals by adhering to the highest standards of ethics, integrity and compliance”. He added, “We now intend to set more aggressive goals in sustainability practices and will more forcefully pursue innovation, as this will help improve the sustainability of industry as a whole”.

The women employees of Indus Motor Company (IMC) planted trees to contribute to the company’s ‘Million Tree Drive’.

More than 80 women employees of IMC have planted trees to mark their participation in the company’s environment initiative.

It is to be noted that IMC launched its ‘Million Tree Campaign’ last year as its commitment towards supporting the government’s Clean and Green Pakistan movement.

“More than 175,000 plants have been planted across Pakistan till now. The purpose of this campaign is to engage IMC employees and senior management in a collective effort to stimulate a positive impact on their surroundings,” said CEO IMC Ali Asghar Jamali.

He added their inspiration comes from the government’s vision for a greener Pakistan and they are hopeful that their efforts would serve as an example for other individuals and businesses to emulate.

With the ambition to reduce its carbon footprint and support Toyota’s pledge to zero CO2 emissions from factories by 2050, the company aims to plant one million trees across the city over the next few years.

As an active signatory of the United Nations Global Compact (UNGC), the company underscored its contribution in achieving sustainable development goals, particularly goal number 13 regarding climate action.

The ‘Million Tree Plantation’ project has a long-term aim to protect the land against erosion, turn the country’s barren landscape into forests, enhance rainfall prospects and help mitigate the effects of climate change on ecosystems and biodiversity of the country.

Karachi, September, 2019: Indus Motor Company (IMC) has pledged to serve as the official Women Leaders’ Partner in the upcoming Youth Leadership Conference, Markhor 2019, to be held from October 2 to 6, 2019 at Makra Peak Base, Shogran.

The five-day conference will be held under the theme ‘Innovate for Impact’. It will bring together around 100 participants from Pakistan and other countries in South Asia on a rigorous training platform, focused on instilling the Markhor Spirit amongst the youth. The Markhor Spirit signifies the ability to go beyond one’s limits and achieve the unachievable.

Expressing his views, Mr. Ali Asghar Jamali, CEO, IMC said, “We are delighted to collaborate with the Youth Impact for yet another Markhor Conference this year with the ambition to encourage Women Empowerment and Leadership. This time we are supporting the students of our ‘Toyota – Goth Education Program’ being run under our iconic Neighboring Communities Uplifting Activities.”

The conference is being organized by Youth Impact (YI), a non-profit organization committed to develop leadership potential in the youth, with the support of several corporate sponsors.

10 female delegates in the conference will be fully sponsored by IMC to encourage female participation in this leadership conference and facilitate women empowerment. The females, aged between 17 and 24, hail from Lyari, Jacocabad and neighboring villages around IMC facility.

Karachi, August 27, 2019: The Board of Directors of Indus Motor Company (IMC) Ltd. met on August 27, 2019 to review the company’s financial and operating performance for the year ended June 30, 2019.

The company posted net sales revenue of Rs. 157.9 billion, up by 13% as compared to Rs. 139.7billion last year, while profit after tax declined by 13% to 13.7 billion from Rs. 15.8 billion posted last year and profit before tax declined by 17% from Rs. 22.9 billion last year to Rs. 18.9 billion in the year ended.

The decline in the automobile industry is attributed to an overall economic slowdown, rising interest rates, and escalating vehicle prices on the back of the plunging Pakistani rupee against the US dollar and sky-rocketing inflation. The recent restriction on the import of used vehicles into the country is a positive step to promote local manufacturing in Pakistan.

Application of 10% FED in Oct 2018 on vehicles above 1700cc negatively impacted on luxury vehicle segment during last 9 months of FY 2018-2019. FED application for all types of passenger vehicles and has introduced three slabs of 2.5% – 7.5%, along with increase in rates of additional customs duty from 2% to up-to 7% on inputs to manufacture vehicles. Industry-wide production capacities surpass total market demand and the vehicles are now readily available while new products offer wider customer choices.

The company, despite an economic slowdown, operated its manufacturing facilities beyond capacity working daily in overtime hours and off Saturdays and has achieved the highest ever production record of 65,346 units, up by 3.91% compared to 62,886 units last year.

Ali Asghar Jamali, CEO Indus Motor Company said, “We are committed to the Pakistani market and to our loyal customers who have shown great trust in our products year on year. The combined impact of tax increases and PKR devaluation has increased cost of inputs and ultimately result in further price increases. For sustained growth, consumer confidence is necessary. We urge the government to introduce policies that will restore market confidence and accelerate economic activities across the board.”

The combined sales of Toyota CKD and CBU vehicles stood at 66,211 units, up by 3.5% compared to 64,000 units in the previous year. The market share stood at 22% of locally manufactured PC and LCV vehicles for the period.

The Company introduced a minor improvement in Toyota Corolla during this period along with the introduction of the first of its kind application, Toyota Connect. The Company with the launch of Toyota Corolla XLI AT, further strengthened its Automatic transmission lineup. The sales for Toyota Corolla stood at 56,720 units for the period, up by 10.3%, compared to 51,412 units last year.

Toyota Hilux celebrated a legacy of unstoppable adventure on its 50th global anniversary in FY19. The Company launched minor improvement model of Hilux lineup- Hilux Revo in February 2019. The combined sales of Hilux LCVs decreased by 18.7% to 6,070 units compared to 7,470 units sold during the same period last year.

Fortuner Model Improvement was also launched in early 2019, building on its futuristic aesthetics; it has been equipped with Dual Front Powered Seats as well. The combined sales of decreased by 37.6% to 2,609 units compared to 4,186 units sold during the same period last year.

Based on the results, the Board of Directors announced a final dividend of PKR 27.5 per share, making the annual dividend for the year PKR 115 per share. During the year, the Company contributed a sum of Rs. 56 billion to the national exchequer, which amounts to about 1% of the total revenue collection by the Government of Pakistan for the year.

Karachi, August 2019: Toyota Central Motors (TCM) becomes Pakistan’s first dealership to clear the Asia Pacific-Eco Dealership audit and Toyota Service Management’s Fix-It-Right (TSM-FIR) evaluations. These were conducted by international representatives of Toyota Motors Asia Pacific, Singapore. TCM acquired both benchmark certifications on the same day.

Fix-It-Right is a part of Toyota Global After Sales Service standards that ensures the fixing of vehicle issues accurately at the first service, thereby delivering the best customer service experience for Toyota customers.

Commenting on the success, the CEO of Indus Toyota Motor Co., Mr. Asghar Jamali said, “I congratulate Central Motors on becoming Pakistan’s first Toyota dealership to clear the Asia Pacific-Eco Dealership audit and Toyota Service Management’s Fix-It-Right evaluations. This is because of the spirit of positive competitiveness that pervades the entire Toyota-IMC network.  It enables us to focus on the task at hand with more enthusiasm and more confidence because we are willing to accept challenges at every step.”

TCM’s Eco Dealership program is focused on the reduction of waste and CO₂ emissions, along with the preservation of key resources such as water and electricity. This is in line with Toyota’s Environmental Vision 2050 – to save resources for tomorrow. Toyota believes that all individuals share a responsibility to protect the environment and, therefore, prioritizes sustainability throughout its dealership network.

All Toyota-IMC dealerships currently monitor their natural resource usage and waste disposal and are further encouraged to take action on reducing their carbon footprint. Toyota-IMC’s dealerships take one step further in the fight for environmental preservation by holding activities to raise customer awareness.

Indus Motor Company plans to certify 100% of its dealership network as Eco dealers by the year 2020.

Karachi, August 26, 2019: Indus Motor Company (IMC) held its 26^th Annual Quality Control Circle (QCC) Convention under the theme “Workplace Development & Employee Motivation – Way to Standardized Work” in Karachi recently.

The convention was aimed at recognizing the spirit of Kaizen (Continuous Improvement), one of the two core pillars at IMC and its business partners. Raheel Asghar, Senior Director Technical IMC welcomed the participants and attendees at the QCC Convention. He highlighted Kaizen as the essence of IMC’s business operations.

Speaking on the occasion, Chief Guest, Barrister Murtaza Wahab, Adviser to Chief Minister of Sindh on Law, Environment, Climate Change, Coastal Development and Spokesperson for Sindh Government, said “Engaging the employees for continuous improvement as practiced by IMC is absolutely essential element for our national progress. I would also like to adopt this approach by engaging citizens for our campaigns on Tree Plantation and Say No to Plastic. We would only be able to achieve positive results if we have a strong government- citizen partnership.” He further added, “If I would abbreviate QCC for me it would be, Quality, Care and Control. If all of us try to focus on quality, taking care of our surroundings and then controlling the situation; so I feel a very positive partnership between the government and the citizens.”

Expressing his views, Ali Asghar Jamali, CEO IMC, said, “As one of the leading companies in the country, we take our responsibilities regarding quality checks very seriously. One of our core pillars is to continuously improve our standards while adhering to the global qualitative benchmarks. It gives us immense pride to host our 26^th QCC Annual Convention and we look forward to hosting it for many more years to come.” He added, “We would like to support the government and would like to pledge a workforce of 1,000 people for the cleanup drive. We have pledged to plant 1 million plants across the country, out of which we have already planted 150,000 plants and we ensure our full support to the government for the Tree Plantation campaign.  ”

A total of 15 teams, including 10 from IMC, 2 from its network of vendors and 3 teams from the network of dealerships, presented their Kaizen efforts in improving quality within their respective business areas.

The coveted Gold Medal was won by the Quality Assurance and Quality Control Department, which will represent IMC at a Global Quality competition in Japan later this year. The ‘Jig Shop’ bagged the Bronze Medal whereas the Silver Medal was presented to the ‘Weld Shop.’ Product Development Commercial department won the non-manufacturing category, Atlas battery won the supplier category and Toyota Lyallpur Motors won the dealership category. Over 500 attendees convened at the event comprising IMC suppliers, dealerships, senior management from IMC and House of Habib (HoH). Eminent business personalities and distinguished officials from the automobile and engineering industry, educational institutions, and the government were also present at the event.