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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Owing to the increasing trend of selling national flags made of paper and plastic, people enthusiastically buy such flags with a sense of national pride to celebrate national days, but sadly we find these flags trampled upon the roads.

Indus Motor Company initiated a drive and collected fallen flags after Independence Day celebrations under “Clean Pakistan Drive” to pay respect to beloved country.

A large number of employees of IMC voluntarily participated in the drive and cruised through a fleet of five vehicles across the major arteries of Karachi city, that include Steel town, North Karachi, Super Highway, National Highway, Landhi, Korangi, Malir and Clifton. Volunteers picked up the flags and showed their respect and unity for the celebration of Independence Day.

“It is always good to celebrate our national day in exuberant way but we should not forget the dignity and respect which our national symbols like National Anthem and National Flag deserve. Clean Pakistan Drive shows IMC’s continued efforts  and its commitment with our country that IMC will always be on the forefront in serving Pakistan in all times.” said IMC CEO Ali Asghar Jamali.

Indus Motor Company (IMC) has again won the 16^th Annual Environment Excellence Award (AEEA) at the Annual Conference on Environment 2019 held in Karachi recently.

The conference was organized by the National Forum for Environment and Health (NFEH), a non-profit organization focused on creating public awareness on environmental, healthcare and educational issues in Pakistan.

Recognized among the top 10 organizations of Pakistan for leading efforts to protect the environment, the award secured by IMC underlined the company’s vision, contribution to environment conservation, as well as its robust corporate social responsibility program.

Expressing his views, CEO IMC, 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 Toyota 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.” The awards were presented after the assessment and unanimous agreement of a panel of esteemed judges including government officials and corporate dignitaries.

Hosted by Toyota Global, an annual competition for Toyota Technicians, the Asia Pacific Skill Contest 2019 was held in Thailand. There were 121 participants in the contest belonging to 12 Toyota affiliated companies from 8 countries of the Asia Pacific region.

The Indus Motor’s technicians from various categories participated in the Contest and had an opportunity to display their skills and talent on the international platform. They bagged five medals this year. The winners were:

Three Silver Medals: In Paint category Ather Mirza, Team Member, in Assembly category Yasir Ahmed, Team Leader and in Quality category Ghadeer Abbas, Team Member.

Two Bronze Medals: In Press category Asif Khan, Team Leader and in Quality category Haris Moin, Team Member. The IMC CEO, Mr. Ali Asghar Jamali welcomed the success of the IMC team with great enthusiasm. He said, “The IMC technicians have the talents and skills of international standards. They have an excellent understanding of the scope of their specific skill levels and their training is of the highest level. They really made us proud because it is through their efforts that IMC has become an outstanding name in the Toyota world. This encourages us to offer our customers even higher standards of service and unmatched quality in our products.”

Karachi: Toyota-IMC held its annual Customer Satisfaction Kaizen Evolution Cup (CSKE) event recently with great fanfare. The CSKE celebration was attended by all qualifying dealerships and their principals, guests from Toyota Motor Asia Pacific, and IMC top management. The theme of this year’s CSKE was “1 Million Interactions”, which is part of the Vision 2020 to serve and engage over a million Toyota-IMC customers.

The event marked the culmination of the 4^th cycle of the year-long CSKE activities held by IMC every year to cultivate and sustain the Kaizen philosophy and mindset across its dealerships nationwide. The CSKE is held by Toyota affiliates across Asia Pacific and focuses on developing human resources and training dealer staff in the concepts of the Toyota Way, Toyota Business Practices, and Kaizen Culture Development.

Speaking on the occasion, CEO IMC, Ali Asghar Jamali said, “We take great pride in our customer relationships and it was memorable to be part of this activity again. At IMC, we believe in growing together and this event signifies that philosophy. We aim to build on this and with the help of our ever-supporting customers, take this initiative to even greater heights.”

The event revealed the decision to merge the CSKE with the Quality Control Circle (QCC) – a global Toyota Motor Corporation activity that inculcates the concept of Kaizen, or continuous improvement, across all Toyota employees and practices. The three finalists of the CSKE will now be competing in the QCC Convention for the title of “Best of the Best”. The three best performing dealerships to win the Key to QCC were Toyota Islamabad Motors, Toyota Lyallpur Motors, and Toyota Central Motors.

We congratulate our dealerships on their victory and are excited for IMC customers who will experience an even greater standard of customer satisfaction.

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. “