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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Safety Measures by IMC

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

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

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

Community Support

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Karachi: Indus Motor Company partnered with the Centre of Excellence in Responsible Business (CERB), an outreach initiative of The Pakistan Business Council (PBC) in conducting the first of a series of workshops under the Sustainable Development Goals (SDG) Leadership Program.

The workshop participants took part in a stimulating activity on Decent Work and universal Human Rights. Indus Motor Company shared its best practices on how the Toyota Way is being used to develop the Dealer eco system and on the key facets of the Toyota Production System that are used for quality and efficiency thus contributing to Pakistan’s economic growth.

Around 201 million people were out of work in 2018, whereas it will go up to 212 million by 2019. The global economy is growing at a slower rate. Amplified effort needs to be made to increase employment opportunities, particularly for young people, reduce the gender pay gap and work towards promoting safe and secure working environment to create decent work for all.

According to Ehsan Malik, CEO, The Pakistan Business Council, “Whilst creating the right environment to promote employment opportunities is primarily the government’s responsibility and “Make-in-Pakistan” is the PBC’s main advocacy thrust, we recognize the role that private sector has to play in providing conditions that are conducive to employee satisfaction, productivity and competitiveness. The “Toyota Way” offers valuable learning.”

Addressing the good practices of industry leader, Indus Motor Company, Fuad Hashimi, Executive Director, CERB said that decent work and economic growth go hand in hand.

Mr Ali Asghar Jamali, CEO, Indus Motor thanked PBC for providing the platform and sharing our good practices with other corporates. He added that Toyota’s well-known secret weapon is Lean production the revolutionary approach to business processes that it invented in the 1950s and has spent decades perfecting. The lean tools and techniques are the real foundation of Indus Motor’s success.

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.