The Toyota Corolla made its debut in November 1966 in Japan as a 1-litre compact 5-seater sedan, and within two years, doubled its annual production from 480,000 to 1.1 million vehicles. The introduction of the Toyota Corolla was a catalyst for mass car ownership in Japan, and the rest of Asia.

There was no looking back, and its sales grew from strength to strength over the past 55 years. Today the Toyota Corolla celebrates a spectacular global sales milestone of 50 million cars. This milestone underscores the robust confidence and belief in the Corolla’s build quality, reliability, safety and durability.

In 1966, Tatsuo Hasegawa, then Chief Engineer, was adamant that the Corolla must encompass features that bring happiness and well-being to people around the world. Toyota has continued to hold fast to this philosophy over these last 55 years.

The Corolla then evolved through generations from 1966, with each generation offering more advanced features than the previous.

Available in more than 150 countries around the world, the Corolla is regarded as a ‘well-loved member of the family’. It continues to serve faithfully and dependably for different purposes – from reliable family car; to covering long commute distances and as a fun, sporty choice customised to changing customer lifestyles.

TOYOTA COROLLA IN ASIA

Hundreds of thousands of motorists in Asia have enjoyed and appreciated the Toyota Corolla from its early genesis. For many, the Corolla has been a centrepiece in the building of “treasured memories”. A common sentiment from many Corolla owners, regardless of country or region, is that many choose to keep their Corolla, or replace it with another Corolla.

Mr. Hao Tien, Chief Operating Officer of Toyota Motor Asia Pacific said: “We are absolutely delighted that we can celebrate this stunning sales milestone across Asia. The Corolla in many ways, mirror the growth story of Toyota around the world. It has kept faithful to its heritage and ethos of bringing happiness to every person who drives one; it has also stayed nimble with the times, always keeping several steps ahead in terms of design, comfort, and technological features to ensure uncompromising safety, performance and reliability.

“On behalf of Toyota, we would like to thank and express our deep appreciation to all Toyota dealers and Corolla owners who have contributed to this global milestone. We are confident with your continued and enthusiastic support, Corolla will remain a well-loved and trusted model for decades to come.”

There are many stories of Corolla fans owning multiple generations of the model since its 1966 launch. One customer from Pakistan, Mr. Zeerak Khan owns various different generations of Corolla since 1967 and has been using it as a family car and also prefers to use it for work and long route travelling due to its reliability and comfort.

TOWARDS CARBON NEUTRALITY & CONTRIBUTING TO SUSTAINABILITY

Toyota is very much committed to achieving zero CO² emissions and a net positive environmental impact towards the future. The goal is to reduce CO² emissions from new vehicles by 35% or more by the year 2030.

Among Toyota models, the Corolla offers hybrid electric options that provide all the torque and acceleration needed on everyday driving and highways. It is drawing from the leadership of Toyota in electrification technology since the launch of the Prius Hybrid 21 years ago.

LAUNCH OF COROLLA CROSS: MOVING INTO A NEW ERA

Over the past 55 years, the Toyota Corolla has been available in different variations. In Asia, the most popular Corolla option is the 4-door sedan.

Now, in response to changing lifestyles, Toyota has introduced an SUV to the Corolla line-up to seamlessly satisfy diverse customer needs, with a full menu of advanced features in safety, performance and comfort.

Based on the “Corolla Meets SUV” concept, the Corolla Cross signals the transition to a new era of changing consumer preferences. This new model was globally introduced in Thailand last year and Pakistan has also launched Corolla Cross in April 2021 which is the first and only hybrid crossover SUV, equipped with latest fourth-generation Hybrid Powertrain Technology. By adding a new model to the Corolla series to suit the growing demand of SUVs, the enhanced Corolla line-up enables customers to select the model that better suits their diverse lifestyles and life stages.

While its rich heritage and history has kept the Corolla grounded with the same values that it was founded on, Toyota looks ahead to pursue constant “kaizen”, or continuous improvement.

Karachi: 16-August – Following 14th August celebrations, Indus Motor Company (IMC) with its team of volunteers, organized an activity to collect national flags littered around the city of Karachi under the slogan “Respect Our Nation’s Pride”

The Independence Day is celebrated with a lot of energy and enthusiasm across the country, every city and neighbourhood ubiquitously decorated with national flags, buntings, balloons, available in all sizes. However, in all the excitement, these flags which earlier were fluttering high above ground, are eventually found either hanging torn or strewn at ground level and carelessly trampled under-foot, an insult to our national pride.

To mitigate the desecration, a team of IMC employees under the company’s Employee Volunteering Program, set out on the morning of 15th August, to gather these strewn flags and buntings, around the city, travelling along pre-determined routes. This is the fourth running year; Indus Motor has been carrying out this activity.

On the occasion Ali Asghar Jamali, IMC’s Chief Executive expressed, ” The patriotism and gusto which goes into celebrating 14th August, across the country is just incredible and why not. It’s every Pakistani’s right. Sadly, the desecration of the flags and buntings thereafter, is pitiful. Considering it as our patriotic duty, our charged volunteers got together to collect flags strewn on roads and open spaces across the city. Let’s not forget that the “Qaumi Parcham” is our pride and demands our ultimate and collective respect.”

Mindful of the company’s Safety First policy, the team engaged in the activity strictly following safety protocols against protection of the on-going COVID-19 pandemic.

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.