Indus Motors Company (IMC) will support Saadi Abbas Jalbani, local karate athlete, and Zainab Barkat, national wheelchair table tennis champion, to represent Pakistan in the Olympic Games and Paralympic Games Tokyo 2020

“This is a part of the company’s global ‘Start Your Impossible’ initiative that reflects the Olympic and Paralympics spirit of encouragement, challenge and progress,” said CEO IMC Ali Asghar Jamali during a press conference at a local hotel here on Thursday.

He added that this global initiative highlights the company’s mission of creating a barrier-free society and reinforces its values of humility, hard work, overcoming challenges, and never giving up.

“IMC has supported athletes to keep Pakistani flag high in international events. We believe that Saadi Abbas and Zainab Barkat will achieve marvelous success in their journey towards Olympic Games and Paralympics Games Tokyo 2020” said Ali.   

Briefing the media, President Pakistan Olympics Association, Lt. Gen. (Retd.) Syed Arif Hasan HI(M), said “There is a dire need of corporate sector coming up to support local athletes and IMC’s job in this regard is commendable. This does not only motivate local talent but help project the softer image of Pakistan globally. Pakistan Olympics Association is striving diligently to bridge resource gap for Olympics participation,” he added.

Talking to media on the occasion, Saadi Abbas Jalbani said “I will put in all my efforts to make my country proud. I am thankful to everyone who supported me and I appreciate Toyota’s role in this regard. It’s great that Toyota is also supporting other Pakistani talent in fulfilling their dreams and aspirations”.

Zainab Barkat said, “My dream will come true if I get to represent Pakistan in various Paralympic games through this support. My mission is to motivate other PWDs (persons with disabilities) so that they start believing in themselves and fulfil their dreams.”

“Other organizations should also come forward like Toyota to support national athletes as it will give hope to athletes of the country to achieve their best in respective domains,” she added.

It is to be noted that Saadi Abbas Jalbani hailing from a small town, Lyari, has risen sharply to become the first South Asian to win Asian Karatedo Championship. Some of his achievements include gold medal in 4th South Asian Karate Championship 2017 Colombo Sri Lanka; silver medal in 4th Islamic Games 2017 BAKU Azerbaijan; gold medal in 7^th Commonwealth Karate Championship 2014, Montreal, Canada and many more.

Being a local hero athlete, Saadi aims to bulid community support through training Karate to underprivileged children. He aims to teach and motivate the younger generation through these trainings. IMC will also help Saadi in this great initiative by renovating the facility of “National Institute of Karate Do Pakistan” in Lyari. This initiative will provide a platform to the young athletes to practice Karate and represent Pakistan on various international platforms.

Similarly, Zainab Barkat is a prominent wheelchair Table Tennis player who has shown incredible performance in national events. She started her Ping-Pong career on February 2, 2005 and striving since with a dream to win Paralympics gold medal for Pakistan.

 The National awards of The 13^th Toyota Dream Car Art Contest was held today to announce the nine winners who competed in the World Contest in Japan.

The Toyota Dream Car Art contest is a global initiative organized annually by Toyota Motor Corporation (TMC), Japan and one of the biggest drawing competitions in the world reaching out to children across more than 80 countries. It welcomes children under 16 years of age who are encouraged to use their imagination to create the car of their dreams in the form of art.

Previously, Pakistan has had two World Contest Winners. This year Pakistan has two World Winners in two age categories i.e. 8 to 11 Years and 12 to 15 years.  10 year old girl, Palwasha Azeem from Rahim Yar Khan for her “Lantern Car” and 13 year old boy Ibrahim Kureshy from Lahore for his “Car of Invisibility”

Children are broadly divided into 3 age categories. Additionally, the contest has a special “Royal” category to entertain differently-abled children as well. This category has seen active participation from differently abled children, growing by 41% with 1600 drawing submissions this year against 1100 in 2018.

CEO Indus Motor Company Ali Asghar Jamali said, “Pakistani children are immensely gifted. It is unfortunate that we don’t have proper platform to nurture their talent. The Toyota Dream Car Art Contest is focused to facilitate untapped potential of our youth and providing them avenues to show their talents to the world.”

“It’s been an interesting journey for the Dream Car since it revved up its engine in 2011 with the 5^th Toyota Dream Car Art Contest. It all started with a humble 10,500 artwork submissions from just 250 schools nationally and over the years has grown exponentially, with 2019 – 13^th Toyota Dream Car Art Contest – receiving a record 48,500 artworks from 1,550 schools across the country, making Pakistan the 3^rd nation globally to have received the highest number of artwork submissions,” he added.

The national winners of the first category (children under 8 years) were

Gold: Fatima Hassan, Silver: Ahmad, Bronze: Imran Mirza.

The national winners of the second category (children aged 8 to 11) were

Gold: Muhammad Asmad Yaqoob, Silver: Muhammad Shazam Yaqoob, Bronze: Palwasha Azeem.

The national winners of the third category (children aged 12 to 15) were

Gold: Ibrahim Ahmad Qureshy, Silver: M. SUFIYAN SALMAN, Bronze: EMAN ASIF

The national winners in “Royal” category were

Gold: Maryam Junaid, Silver: Maaz Ali Baqrani, Bronze: Ahmad

To contribute to Indus Hospital’s extension plans and reach out to poor and needy patients, Indus Motor Company has donated Rs.10 million as a part of its CSR activities.

CEO IMC Ali Asghar Jamali handed over the cheque to CEO Indus Hospital Dr. Abdul Bari Khan in a brief ceremony held at Indus Hospital. Member of Board and Former CEO IMC, Pervez Ghias was also present at the occasion.

IMC CEO Mr. Ali Asghar Jamali, said, “IMC is a socially responsible organization with a keen sense of sustainability and giving back to the community. Health sector is one of the most challenging sectors in Pakistan with a dire need of attention.  The hospitals are the focal point of our collective national health system for generations. Indus Hospital is doing a commendable job to bridge the gaps in provision of healthcare to underprivileged and we are proud to support them in this cause.”

Meanwhile, CEO Dr Abdul Bari Khan of Indus Hospital appreciated the corporate philanthropy of Indus Motor and its support for the community at large. He added, “we are thankful to IMC that has been supporting the Indus Hospital so that marginalized communities can avail better health care services and treatment without any difficulty and misery”. IMC is a regular donor to a number of hospitals, blood banks and health care institutions in Pakistan who provide life-care and health-care services to downtrodden and poverty-stricken people, so that they can meet their catastrophic medical needs.

Indus Motor Company (IMC) recently re-launched its Toyota University Motors after converting it into a state-of-the-art dealership facility.

Situated on Main University Road in Karachi, Toyota University Motors (TUM) is equipped with all the latest tools and technology to provide the best services to its customers.

Mr. Ali Asghar Jamali (CEO IMC) along with Syed Iqbal Hussain Shah (CEO TEM & TUM) inaugurated the new facility.

Speaking on the occasion, Ali Asghar Jamali said, “We are constantly striving towards optimum conditions for our customers and we strongly believe that our relationship with them will only strengthen after offering this state-of-the-art facility.”

Toyota trained technicians are also available at the facility for efficient operations and to provide fast, accurate and excellent customer services.

The Indus Motor Company has announced that it has revised and extended its warranty policy for Toyota vehicles. The previous 50,0000KM (2 years) is now 100,000KM or 3 years for its Toyota customers.

The new 100,000KM or 3 years warranty (whichever comes first) policy will be significant to Toyota vehicles which are  booked and delivered based on the latest price tariff  implied from April 20, 2019.

In reference to the commitment by Toyota, CEO Indus Motor Company Ali Asghar Jamali said, “Indus Motor has always given priority to its customers. It believes in delivering quality vehicles which are stylish and dependable while maintaining its identity in the automobile industry.” He further added, “We make this announcement with the belief that the extended warranty period will strengthen customer’s trust in Toyota.” With hard work and commitment, Indus Motor Company aims to captivate its customers with top notch engineering products through the passage of time. Particularly, safety measures are taken highly into consideration as the Company believes that safety comes first. While installing the latest state-of-the-art safety details to a Toyota vehicle, a customer gets sense of surety and reliability.

Karachi, April 2019: IMC has won ‘Outstanding Customer Service Excellence Award’ in CSEA 2018. The company has been participating in this program for the last 11 years and has bagged this prestigious Gold Title for the first time. This program is hosted every year by Toyota Motor Corporation, Japan and all affiliates of Toyota world i.e. Thailand, Taiwan, Indonesia etc. participate in it and strive towards one common objective of providing better customer service, to become the most admired automotive brand in its territory.

Through CSEA, IMC has improved the efficiency of its aftersales and CR operations and have created numerous Customer Engagement touch points. Commenting on the victory, IMC Chief Executive Officer, Ali Asghar Jamali said, “I and all my colleagues at IMC are delighted that our company has been awarded the Gold Award in Customer Service Excellence Award Program (CSEA). I congratulate all those who are responsible for this great success. Through CSEA, we have taken numerous initiatives to engage our customers and create value for them. And we will keep on sustaining these standards to achieve the highest level of Customer Delight”.

We wish to achieve greater success in order to take IMC forward in the future.

Karachi, April 26, 2019: The Quarterly Board Meeting of Indus Motor Company Ltd. for the quarter and nine months ended 31^st March FY 2018-19 was held on April 26, 2019.

The company’s combined sales of CKD & CBU vehicles for the nine months period ended March 31, 2019, increased by 7%, to 50,181 units as against 47,103 units sold for the same period last year. Accordingly, the market share stood at 27% of the locally manufactured PC & LCV vehicles for the nine months period.

The company’s net sales turnover for the nine months ended March 31, 2019 increased by 18% to Rs. 117.98 billion as compared to Rs. 99.83 billion for the same period last year, while profit after tax decreased by 12% to Rs. 10.26 billion as against Rs. 11.64 billion achieved for the same period last year. The overall revenue mainly increased due to improved volumes of Toyota Corolla, whereas, the net profit declined mainly on account of rise in input costs due to depreciation of PKR against USD and JPY.

Commenting on the performance, Mr. Ali Asghar Jamali, CEO, Indus Motor Company, said that the recent imposition of 10% FED has drastically reduced the sales volumes of 1700cc and above vehicles. This needs to be revisited by the Government in order to attain sustainable volumes for the sector, that will not only support the auto sector but will also result in higher overall revenue to the Government.

The Board of Directors declared third interim cash dividend of Rs. 30 per share for the quarter ended March 31, 2019 which, on cumulative basis, adds up to Rs. 87.5 per share for the nine months ended March 31, 2019 as compared to Rs. 95 per share for the same period last year.

The Company has extended the warranty period from 2 year or 50,000 km to 3 years or 100,000 km, for all CKD and CBU products in line with its commitment to the ‘Customer First’ philosophy.

During the quarter, Indus Motor Company won the 34th Corporate Excellence Award from the Management Association of Pakistan for the Industrial Awards Category, the Global SAP Innovation Award in the category of Process Innovator along with the Corporate Social Responsibility Award in the category of Sustainable Initiatives by National Forum for Environment and Health.

Karachi, April 11, 2019:   Indus Motor Company (IMC) has been awarded with the Management Association of Pakistan’s (MAP) Corporate Excellence Award 2018 in the “Overall Industrial Category” for demonstrating excellence in corporate management during the year 2018.

This is the 34^th MAP Corporate Excellence Awards, aimed at acknowledging and honouring companies that exhibit outstanding performance and demonstrating progressive management practices.

IMC is one of the largest car manufacturers in Pakistan and one of the biggest tax contributors. Consecutive to last year, this is the 4^th time IMC has won top ranked Corporate Excellence Award in overall industrial category. In the past, it has won the Corporate Excellence Awards several times in the category of Automobile & Parts.

Mr Ali Asghar Jamali, CEO of IMC said, “we are thrilled to receive this recognition once again for our industrial practices that are outcome of the collective efforts of our management and team members”. He further added, “We truly believe that providing a valuable service to our customer begins with creating an atmosphere where employees are genuinely happy and excited about where they work and what they do.”

This private racing track was surrounded by mountains along with a 11km track with a 100% visibility which made it a treat for the audience to watch Toyota Hilux, Toyota Landcruiser, Toyota Fortuners and many others in action. Hub Rally has garnered a lot of attention as more female rally drivers, sports stars, and celebrities joined the event. This event was based on following four categories;

Fast Fun Fest activity for Customers, Media, Television and Sports celebrities
Female Stock category competition for Amateurs
Male Stock Category for Amateurs
Race of Prepared Category

The Hub Rally 2019 results are as follows:

KARACHI, January 8, 2019: The Global Compact Network Pakistan (GCNP) has conferred the second prize of Business Sustainability Award 2018 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 fourth 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 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.”

Indus Motor Company (IMC) has won the Consumer Choice Awards for Corolla and Fortuner as Best Car and the Best Four Wheel Drive of 2018 respectively.

The ceremony was held in Karachi where Mr. Sardar Masood Khan, President of Azad Kashmir and Mr. Khalid Maqbool Siddiqui, the Federal Minister for Information Technology and Telecommunication presented the award.

CEO IMC Ali Asghar Jamali said, “These awards are the recognition of our vision to facilitate and make Pakistani auto industry one of the best manufacturers in the world. Our commitment towards quality, technology and innovations along with best services to consumers led us to it.”

Consumers Choice Awards are awarded every year to those consumers’ friendly companies, traders and organizations who offer their products and services in the best interest of Pakistani Consumers.

The company also announced PKR 3.3 Billion new investment to enhance its vehicle manufacturing productivity, resulting in capacity increase to 76,000 units per annum.

Karachi, August 28, 2018: The Board of Directors of Indus Motor Company (IMC) Ltd. met on August 28, 2018 to review the company’s financial and operating performance for the year ended June 30, 2018.

The company posted net sales revenue of Rs. 140.2 billion, up by 25% as compared to Rs. 112.27 billion last year, while profit after tax grew by 21% to 15.8 billion from Rs. 13 billion posted last year and profit before tax grew by 20% from Rs. 19.1 billion last year to Rs. 23 billion in the year ended.

The overall increase in the revenue and net profits is attributed to higher sales volume on account of the launch of new models, change in sales mix and higher other income owed to increase in fund size. Demand momentum for automobiles remained solid throughout the period, due to increased spending power, despite rising fuel prices and accessibility to reasonably priced auto financing.

The company operated its manufacturing facilities beyond capacity working daily in overtime hours and off Saturdays to produce 62,886 units, up by 5% compared to 59,945 units last year.

Keeping in view the sustained growth in demand year on year, the Board of Directors approved a new investment of PKR 3.3 Billon to further enhance vehicle manufacturing productivity, which is expected to result in capacity increase to 76,000 units per annum by 2020-21. This plan will take the overall investment by the company to around PKR 7 Billion on improvement of production volumes.

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. We are delighted to announce a new investment of PKR 3.3 billion to further enhance annual manufacturing productivity, resulting in increased capacity to 76,000 units”

The combined sales of Toyota CKD and CBU vehicles stood at 64,000 units, up by 5.7% compared to 60,586 units in the previous year. In spite of the increased volume, IMC’s market share declined from 28% to 24%, mainly due to overall market expansion and growth.

In August 2017, the Company launched Toyota Corolla Big Minor Model Change consisting best-in-class safety and luxury features, which kept the demand strong for the flagship vehicle. The sales for Toyota Corolla stood at 51,412 units for the period, down by 2.4%, compared to 52,676 units last year.

Toyota Hilux was launched in February 2018, with minor improvements and with advanced features aimed at luxury and a superior off-road performance. The combined sales of Hilux LCVs grew 27.5% to 7470 units compared to 5860 units sold during the same period last year.

In March 2018, Toyota Fortuner underwent a minor model change with cutting-edge features and another variant of diesel engine was launched. This resulted in increased sales of 4186 units, up 204% compared to 1375 units last year. Camry Hybrid Vehicle was also an addition to the product line-up this year.

Based on the results, the Board of Directors announced a final dividend of PKR 45 per share, making the annual dividend for the year PKR 140 per share. During the year, the Company contributed a sum of Rs. 48 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 15: Indus Motor Company conducted a 5S beach cleaning drive at sea view Karachi after Independence Day’s celebration. 5S is a Toyota philosophy which contains 5 principles, all of which revolve around ensuring a clean, neat and organized work space to maximize efficiency. Employees volunteered to apply the 5S concept to garbage fallen on the beach post-independence day celebrations.

CEO IMC Ali Asghar Jamali said that “The key is not to collect garbage but to dispose it responsibly.” He also said that “The idea behind the drive is to share this Toyota practice with the community as well so that more people can benefit. At the moment, waste management is one of the biggest issues in Pakistan and especially in Karachi. IMC, being a socially responsible corporate citizen and firm believer in the Sustainable Development Goals, has taken up the challenge of making Karachi a sustainable city. “

Lahore, 28^th June 2018: National Award of the 12^th Toyota Dream Art Contest held today to announce 36 winners who will have a chance to compete in World Contest in Japan.

Toyota Dream Car Art Contest is a global initiative organized annually by Toyota Motor Corporation (TMC), Japan. The contest, held in around 80 countries across the globe, welcomes children under 16 years of age who are encouraged to bring their imagination in creating dream cars in the form of art. Pakistan has celebrated its victory as Global Winner twice in past years.

Children are broadly divided into 3 categories as per age. Additionally, the contest has a special “Royal” category to encourage differently-abled children as well.

CEO Indus Motor Company Mr. Ali Asghar Jamali said, “Pakistani children are immensely gifted and so is our nation. It is very unfortunate that we do not have sufficient platforms to bring this talent out to its full extent. Dream Art Car Contest is focused on showcasing the talent of Pakistani children to the world. Indus Motor Company has been arranging this contest for the last 6 years and this competition is getting bigger and better every year. This time around, we extended our circle and reached 1,147 schools across Pakistan. Total number of artworks received this year was around 38,000, placing Pakistan in the 3^rd position in the world to have received the highest number of drawings,” he added.

“In the future, there is nothing cars can’t do. Cars will not only remain the mode of transportation but will become a resource to help people in need, conserve energy, save endangered species and they will continue to provide entertainment. These are the visions for cars of the young artists and national champions of Toyota Dream Car Art Contest,” said Ms. Meher Afroz, member of jury.

The National winners of the Under 8 Years category were

(Gold Award: Umamah Asif, Silver Award: Seemal, Bronze Award: Syed Wali Zaidi).

The National winners of the 8 to 11 Years category were

(Gold Award: Amna Tassaduq, Silver Award: Muhammad Yousuf, Bronze Award: Halima Sadia).

The National winners of the 11 to 15 Years category were

(Gold Award: Moosa Satti, Silver Award: Sufiyan Salman, Bronze Award: Laraib Zainab).

The National winners in “Royal” category were

(Gold Award: Umais Rasheed, Silver Award: Hira Arslan, Bronze Award: Arsalan Bin Ayub).

Team of Indus Motor Company (IMC) wins 4 medals, at “Asia Pacific Skill Contest 2018” in Thailand, defeating India, among other countries.

Asia Pacific Skill Contest is an annual competition, hosted by Toyota Global. This year’s contest, attracted at least 146 contestants, from 12 Toyota affiliated companies of 8 countries in Asia Pacific including IMC (16 members) from Pakistan who displayed their skills and talents on the international platform.

The competing IMC Teams bagged four medals this year, including: In the category of Team Leader: The Bronze Medal was won by Rahatullah of Paint Shop and Yasir Hussain Shah of Assembly Shop. In the Team Member Category, Haseebullah of Assembly Shop earned the Silver medal. And in the Group Leader Category, Zohaib Mehmood of Assembly Shop won the Gold Medal.

CEO IMC Ali Asghar Jamali said “This is really a big achievement for our country at the international level that shows the acumen, training level and talent of our team members, making Pakistan a star in auto industry of the region. Once again we reiterate our commitment for best services and unmatched quality to the customers and will work further for improvement of performance of our people”

Karachi: Indus Motor Company (IMC) has been awarded with the Management Association of Pakistan’s (MAP) Corporate Excellence Award in the “Industrial Category” for demonstrating excellence in corporate management during the year 2017.

This is the 33rd MAP Corporate Excellence awards, aimed at acknowledging and honoring companies that exhibit outstanding performance and demonstrate progressive management practices. This year onwards, the award in the Industrial category is being named as the Amir S. Chinoy Corporate Excellence Award, to recognize the contributions made by Mr. Amir S. Chinoy towards Management Association of Pakistan.

IMC is one of the largest car manufacturers in Pakistan and one of the biggest tax contributors. This is the 3rd time IMC has won top ranked Corporate Excellence Award in overall industrial category. In the past, it has won the Corporate Excellence Awards several times in the category of sectors of Automobile & Parts.

CEO IMC Mr. Ali Asghar Jamali said, “This award is a testament to the collective efforts of our management and workers that are upholding the best industrial practices and team values for years which is resulting in continuous improvement of our processes and products. I would like to congratulate IMC family and hope that they keep the improvement process going to let the company set much higher standards for itself and its peers,” he added.

Karachi, March 02, 2018: The United Nations Global Compact (UNGC) Network Pakistan has granted the first prize of Business Sustainability Award 2017 to Indus Motor Company (IMC) in the category of Multinational Companies. This award is in recognition of the best practices adopted by the company in embracing Sustainable Development Goals (SDGs) and integrating the 10 principles of UNGC.

This is not the first time the Company has received an award from UNGC. In the past, Indus Motor Company was awarded “Living the Global Compact Business Excellence Awards” consecutively two years in recognition of its best practices in embracing and integrating the 10 principles of UNGC.

Expressing his views on the occasion, Ali Asghar Jamali, Chief Executive Officer, Indus Motor Company said, “We are honoured to be recognized by UNGC for the third time which not only motivates us further to continue our mission in line with UNGC principles but also maximize our support to SDGs.”

“Indus Motor Company (IMC) sources 126 million local parts every working day and if you touch the Corolla, there is a 90% chance that you are touching a locally manufactured part.”
This was stated by Tariq Ahmed Khan, Sr. Director of IMC while speaking at Pakistan Auto Parts Show (PAPS).

“The true growth of the industry lies in self-reliance and localization and as an auto manufacturer based in Pakistan, our vision is to make for Pakistan, in Pakistan and with Pakistan,” Tariq added

IMC is the platinum sponsor of the annual auto parts show organized by Pakistan Association of Auto Parts and Accessories Manufacturers (PAAPAM), which is being held in Lahore this year from 2nd March to 4th March 2018.

“The contribution of the auto industry to the economy of Pakistan can not be underestimated as Indus Motor Company (IMC), alone contributes 1% of the total revenue collection by the National Exchequer,” he added.

“According to an independent research conducted in Pakistan, the automotive market demand is expected to reach 500,000 units by 2025. However, if the current trend of growth continues, we will cross this mark much earlier,” said Tariq.

“Under ADP 16-21, new employment opportunities will be created and we are hopeful that this policy will generate employment for roughly 4 million people in Pakistan,” he added.

He said that IMC is working to the best of its capabilities to realize the ADP 16-21 vision but to achieve this vision, a vibrant domestic manufacturing industry is needed along with conducive economic conditions and stable policies.

“The increasing trade deficit coupled with pressures on the Pak Rupee, point towards a difficult time for local manufacturers in Pakistan. Rising fuel prices as well as regulatory duties do not make the situation any better,” he added.

He said that as part of our vision to develop Pakistan’s local automotive industry, we warmly welcome the new players with the hope and expect that they will play their part in localizing critical vehicle components and drive growth in the local industry, generating employment opportunities for thousands and contributing significantly to the GDP of Pakistan.

He congratulated Paapam on organizing PAPS and said that this has now become a great event in Pakistan assisting local vendors as they provide a platform to stimulate investments.

The Half Yearly Board Meeting of Indus Motor Company Ltd. for FY 2017-18 was held on February 23rd , 2018.

The combined sales of IMC CKD and CBU for the half year ended December 31, 2017 was 30,651 units, up 6% over 28,833 units for the same period last year. The company’s sales revenue increased to Rs. 63.3 billion from Rs. 51.4 billion for the same period last year, with an after tax profit of Rs. 7.36 billion, against Rs. 6.07 billion achieved in the same period last year. The increase in revenues and profits is mainly due to improved turnover of both CKD and CBU vehicles against the same period last year, along with improvement in operational efficiencies and sales mix.

An interim cash dividend of Rs. 32.5 per share was announced for the half-year ended December 31,2017, as against same period last year of Rs. 25 per share.

Mr. Ali Asghar Jamali, CEO Indus Motor Company, commenting on the occasion, said that demand for automobiles remained robust throughout the period, stemming from the favourable macroeconomic indicators, positive consumer sentiment and the availability of consumer credit. Industry-wide sales of locally manufactured PCs/LCVs stood at 124,138 units during the first half of FY 2017-18, up 27% from 97,533 units sold during the same period last year. The import of used cars has increased significantly to 44,760 units for six months, as against 24,100 units last year for same period.

The abrupt and significant depreciation in the rupee towards the end of first half of the year, has increased the cost of imported inputs by the company and its vendors. This ultimately forced the company to regretfully pass on certain impact to the customers in terms of price increase of vehicles.

During the period, the company achieved the milestone of production of 750,000 vehicles since its inception. In December 2017, the company showcased its Camry Hybrid Vehicle, a luxury sedan with a powerful shape and captivating style, to key customers. A multi-billion rupee investment is being made in the paint shop to increase production capacity, which is expected to yield results starting from the last quarter of this financial year.

Indus Motor Company (IMC) initiated a Clean-drive campaign across the city of Karachi in partnership with Society for I Am Karachi (IAK). Spread over 4 months, the drive aims not only to clean Karachi but to bring citizens together to foster a sense of civic responsibility, ownership and unity among the Karachi-ites for keeping their city clean and litter-free.

The drive was initiated in an opening ceremony from the Umair Memorial Football Ground in Steel Town which was attended by members of IMC, IAK, civil society, and the local community.
The spirit shared by IMC at the ceremony was one that goes beyond producing cars. IMC believes in playing a leading role in owning the cities of Pakistan and partnering with local communities to make our cities better, cleaner and vibrant places to live.

Through this clean drive, IMC aims to share its Toyota philosophies that have made the company successful, with the local communities. One such concept is the 5S principle. These principles and concepts can be applied by citizens to every task that they do to become more efficient and deliver quality results while maintaining cleanliness and becoming more organized.

In his address, Feroz Khan, Executive Committee Member, Society for I Am Karachi, said the Society is a city-wide platform that aims to create a counter-narrative message of hope, pride and ownership against the current backdrop that is replete with extremism and despondency by uniting all groups belonging to Karachi and embracing the Toyota 5S principles to make a difference.

The campaign entails a series of awareness and mobilization sessions in which the organizers will visit different communities, towns, schools, colleges and vocational institutes to engage citizens in a meaningful way. These awareness sessions will help develop a sense of cooperation and ownership among the communities in promoting and maintaining cleanliness in their respective areas and in their neighborhoods.