(April XX, 2022): Indus Motor Company Limited (IMC), announced its financial results for the nine months ended March 31, 2022, that witnessed profit after tax of Rs. 15.29 billion, an increase of 81.6% over the corresponding period last year.

The Company’s combined sales of Completely Knocked Down (CKD) and Completely Built-up Units (CBU) vehicles for the quarter ended March 31, 2022, increased by 12.7% to 18,735 units as against 16,266 units sold in the same period last year. Moreover, sales for the nine-month period ended March 31, 2022, increased by 33.4% to 57,637 units as against 42,988 units sold in the same period last year. The company’s market share for locally manufactured passenger cars and light commercial vehicles, stood at approximately 20.3%.

The net sales turnover for the nine months ended March 31, 2022 increased by 55.1% to Rs. 203.41 billion, as compared to Rs. 131.16 billion in the same period last year, while profit after tax increased to Rs. 15.29 billion, as against Rs. 8.42 billion achieved in the same period last year. The net profit has increased mainly due to higher CKD and CBU sales and increase in other income due to higher fund size on account of increase in customer advances.

Ali Asghar Jamali, Chief Executive of IMC, commented, “Alhamdolillah, IMCs third quarter performance is indeed very encouraging. The overwhelming response which the new Toyota Hilux Revo Rocco & Toyota Fortuner Legender garnered, added to the already robust demand. However, amidst all this, we have had to grapple with rising input costs attributable to the sharp depreciation of PKR against USD and soaring international commodity prices, and increase in FED rates on vehicles by Government. All these factors, as a consequence, have given no choice to the Company, other than to pass on the burden to our customers.

The new Auto Policy 2021-26 encourages investment in new technologies such as Hybrid Electric Vehicles (HEVs), Plug-in Hybrid Vehicles (P-HEVs) and Battery Electric Vehicles (BEVs) to mitigate climate change and reduce dependency on oil imports. Based on the said incentives, IMC is investing around USD 100 million for local production of Hybrid vehicles in Pakistan. We would urge the Government to devise and promote consistent policies, without frequent policy changes, that encourage sustainability and growth of the country’s burgeoning automobile industry.”

The Board of Directors declared an interim cash dividend of Rs. 26 per share for the quarter, thus making the total dividend for the nine months ended March 31 2022, Rs. 90.5 per share. – END

(April XX, 2022): Remaining steadfast to its commitment to the Global Goals, Indus Motor Company (IMC) made a Rs.5 million, donation to the Sindh Institute of Urology and Transplantation (SIUT). The company’s, Chief Executive, Ali Asghar Jamali met with the esteemed Dr. Adibul Hasan Rizvi, founder of SIUT, and presented the cheque to him.

SIUT has established itself as Pakistan’s largest kidney disease centre where around 1,700 dialysis treatments are carried out daily. This initiative is yet another effort to lend a helping hand to SIUT and its healthcare system.

Expressing his views, Ali Asghar Jamali reiterated IMC’s long-standing spirit of “Concern Beyond Cars” and giving back to the community and said, “Pakistan’s healthcare system is one of the country’s pressing concerns and hospitals such as the SIUT, are doing a lot of good work helping thousands, especially the less privileged, with quality healthcare for free.

Dr. Adibul Rizvi is one of the most recognized and respected names in the health sector and it is an honour for us to have formed a long-lasting relationship with SIUT, that allows us, as a socially conscious company, to do our part in giving back to our people.”

IMC remains strong in its resolve for the well-being of deserving communities through its diverse, need-based Corporate Social Responsibility Programme implemented in partnership with creditable organizations. IMC is a regular donor to some of the biggest healthcare centres in the country including the JPMC, Shaukat Khanum Memorial Hospital, Indus Hospital, The Kidney Centre, etc. – END

Indus Motor Company (IMC) won the Corporate Social Responsibility Award for Corporate Community Programs for the year 2022, at the 14th Annual Corporate Social Responsibility Awards ceremony, hosted by the National Forum for Environment & Health (NFEH), at Islamabad. State Minister for Information & Broadcasting, Farrukh Habib, presented the award to IMC’s Saqib Abbas, Regional Manager.

A total of ninety-three companies competed in thirty-five award categories, with eighty-four bagging the awards.
IMCs Chief Executive, Ali Asghar Jamali expressed, “I thank the NFEH for this honour and recognition and laud its efforts for creating public awareness for corporate social consciousness. The corporate world needs such platforms to not only showcase its CSR initiatives but also take inspiration from what others are doing.”

He further said, “We’re morally obliged to come forward and help the less privileged and uplift communities. Like I always say, education is the biggest change maker for Pakistan and our flagship Toyota Goth Education Program is a big step in that direction.”

IMC has been actively engaged in upliftment initiatives for communities neighbouring the company, such as the Toyota Goth Education Program run in tandem with The Citizens Foundation, free food distribution and medical camps in collaboration with Saylani Welfare Trust, free psychiatric camps in partnership with Karwan e Hayat and very recently, the Childhood Blindness Prevention Program run in partnership with Al Ibrahim Eye Hospital. During Ramadan, these communities will also benefit from free food rations. – End

(March 22, 2022): Indus Motor Company (IMC), aligning itself with the spirit of Toyota’s global corporate initiative, “Start Your Impossible” (SYI), has signed on an emerging mountaineer, Asad Ali Memon as its newest SYI champion.

Asad is a 24-year-old, high potential sportsman from Larkana, Sindh. Since the beginning of his mountaineering career in 2016, he has summitted several peaks both in Pakistan and internationally and made multiple records, which brought Pakistan under the spotlight of international attention. In 2021, he set a world record when he climbed the Kilimanjaro and back in 20 hours.

The Seven Summits Challenge is a mountaineer’s ultimate dream that entails climbing the seven tallest mountains in each of the world’s seven continents. Of these seven peaks, Asad has already conquered three in Europe, South America and Africa.

His next stop is Mount Denali in Alaska, USA, the 3rd most prominent and 3rd most isolated peak on Earth, after Mount Everest. Asad will be the first Asian to scale the impressive 23,000+ feet mountain in May this year. Until then, he will be training for the climb in Sindh, Islamabad and Skardu.

At the tripartite contract signing ceremony with Asad Ali Memon and HANDS, at the Company’s head-quarters at Karachi, IMCs Chief Executive Ali Asghar Jamali expressed, “We believe in fostering opportunities for young people with aspirations and this is a great one to promote extreme sports in Pakistan and creating awareness. It also aligns with Toyota’s SYI and transformational vision, ‘Mobility for All’, for creation of a more inclusive and sustainable society in which everybody can challenge their impossible”.

Voicing his thoughts, Asad Ali Memon said, “I want to thank Indus Motor for making it possible to live my dream to be the first Asian and first ever in Pakistan to achieve the target of climbing the Seven Summits. My ultimate vision is to promote mountaineering as a key sport and help young people train and become professionals in this unexplored extreme sport.”

Earlier in 2018, IMC had supported two national athletes, Saadi Abbas, the Asian Karate Champion from Lyari in Karachi and Zainab Barkat, the star wheelchair Table Tennis Champion from KPK, standing by their side in their journey towards the Olympic Games and Paralympic Games in Tokyo 2020. – END

Karachi, XX March 2021 IMC added yet another feather in its cap as it received an accolade for its exceptional contribution to the UN Global Goals, bagging the Sustainability Innovation Award at the 11th Annual Corporate Social Responsibility Summit & Awards 2022, organized by The Professionals Network (TPN).

Ninety-eight companies competed in 34 award categories, fifty-four of which won a total of seventy-nine awards. Chief Guest, Muhammad Iqbal Memon, Commissioner Karachi Division presented the award to the company’s CFO, Mohammad Ibadullah. The ceremony hosted by TPN was attended by notables from the corporate sector, NGOs, academia and media.

Chief Executive IMC, Ali Asghar Jamali, sharing his thoughts said, “Over the years, IMC has been the recipient of several awards from The Professionals Network and I would like to thank its management for providing corporates this excellent opportunity to not just showcase their CSR initiatives but also acknowledge their efforts. “

He added, “It is our responsibility, as a socially responsible corporate citizen, to demonstrate responsible corporate conduct and our CSR program Concern Beyond Cars is a testament towards that commitment. The Toyota Environmental Challenge 2050 serves as a guide which aims moving 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.”

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. – End

Karachi, February 24, 2022: The wait leading up to the much-anticipated announcement of the new Toyota 4x4s finally came to an end as Indus Motor Company (IMC) unveiled the 2.8L Turbocharged 1 GD engine Fortuner Legender and Revo Rocco, carrying a price tag (ex-factory) of Rs.10.842 million and Rs.8.472 million, respectively.

Some of the notable new features that make both models second to none in terms of performance and luxury, include the re-designed front radiator grille, front and rear bumpers that give the Legender and Rocco an aggressive and adventurous look, as do the upgrades such as the latest built-in clearance sonar (2 FF, 4 RR) and dual-zone AC.

The new LED sequential headlamps, dual tone black and maroon perforated leather seats and ambient lighting lend the Fortuner Legender a premium feel.

“The Legender and Rocco have gathered a lot of buzz over the past months and I’m confident that these machines will exceed customer expectations with their fresh design, unmatched performance, power and great value for money. The newly added features will surely please the discerning taste and needs of our premium customers and new buyers alike,” expressed Chief Executive IMC, Ali Asghar Jamali.

Further adding, he said, “With Toyota’s built-in QDR, latest technology and features, unique design and Toyota’s stepped traction control for better off-roading feel, the Legender and Rocco are sure to up-hold the brand’s promise of building customers for generations” – End

(February XX, 2022): The Board of Directors of Indus Motor Company (IMC) met on February 24, 2022 to review, evaluate and announce the company’s financial and operating performance for the half year ended December 31, 2021.

The Company’s net sales turnover for the half year ended on December 31, 2021, increased to Rs.135.18 billion, as compared to Rs. 79.65 billion, for the corresponding period last year, while profit after tax have also increased to Rs. 10.18 billion as against Rs. 4.80 billion, achieved in the same period last year. The net profit for the six months have increased mainly due to higher CKD and CBU volumes and increase in other income due to higher fund size on account of increase in customer advances.

The overall market share of IMC in the overall market stood at approximately 20.4% for the half year ended December 31, 2021. Moreover, the combined sales of Locally produced vehicles and Completely Built-up Units (CBU) of the Company increased by 46.5% to 38,632 units against 26,362 units sold in the same period last year. The first half of the fiscal year has experienced an increase in demand mainly due to economic growth, lower auto financing rates and price reduction of vehicles on account of a reduction in Additional Custom Duty (ACD) and Federal Excise Duty (FED) from July 2021.

In comparison with previous quarter ended September 2021, the quarter ended December 31, 2021 has observed an increase in net sales turnover on account of higher CKD and CBU volumes. Despite higher turnover for the quarter, the profit after tax for the current quarter reduced as compared to previous quarter, mainly due to rising input costs as a consequence of depreciation of PKR against USD, higher commodity prices, rising cost of production, etc.

Chief Executive, IMC, Ali Asghar Jamali expressed, “Alhamdolillah, the first half of the fiscal year has been very good which is very uplifting. Government’s favourable policies and tax measures, critical for a conducive environment to operate in, greatly contributed towards the cascading positive impact on revenues. With the ever-present COVID threat continuing to ease and demand skyrocketing, we’ve been able to meet every challenge head-on, meeting the high expectations our customers’ demand of us.”

He added, “We appreciate Government’s initiative to finalise the new Auto policy with the stakeholders and for maintaining the Hybrid Electric Vehicle incentives. We urge the Government to promote consistent policies for long-term economic growth of the auto sector and provide incentives to local vendors for manufacturing of high tech parts and reduce duties and taxes to support the continued momentum of demand in the auto industry. On the whole, this will generate more taxes for the Government and will also create more employment opportunities.”

The continuing increase in commodity prices, freight charges on imports, currency depreciation, etc. and recent increase in FED by Government, may have a negative impact on the sales volume and profitability of the auto sector in upcoming periods.

The Earnings per Share of the company for half year ended on December 31, 2021 is Rs. 129.45 in comparison to Rs. 61.08 reported in the same period last year. The Board of Directors announced a second interim cash dividend of Rs. 30 per share for the half year ended on December 31, 2021. – END

Toyota Pakistan celebrated the Top 10 Champions of the “Toyota 5S Competition 2021” held online – owing to the global health crisis. The Japanese Toyota 5S methodology stands for “Sort, Set in Order, Shine, Standardize and Sustain” which allows increased producitivty, efficiency and safety.

More than 60 sessions were held online in collaboration with United Nations Association of Pakistan with over 50,000 participants from across the country actively taking part in this activity. The Top 7 Champions were presented with Kansha Awards and the top 3 National Champions were awarded with the cash prizes and trophies. All the champions were also presented with certificates.

Right to education is every human’s right. With this belief, Indus Motors flagship, Toyota Goth Education Program intends to provide an opportunity and transform underprivileged communities through education. On the 4th International Day of Education, the Rung De 25 project, the brain-child of a group of fourteen young people, is a remarkable endeavor to uplift by education, the humble fishing village of Goth Mamum Mallah. The Markhor and Toyota 5S philosophy strives to bring positive change for a cleaner, greener, healthier, and sustainable environment. The Rang De 25 project is a culmination of the foresight, resilience and passion of all those involved, who collectively worked towards uplifting and educating the individuals of Goth Mamum Mallah.

January 14, 2022: Indus Motor Company (IMC) launches its all new Taglon Supreme SP/GF-6A 0W-20 Engine Oil formulated specifically for Gasoline and Hybrid Vehicles. Amongst the attendees of the launch ceremony were Vice President of Idemitsu Lube Pakistan Pvt. Ltd., Imran Zaib and After Sale Business Leader, Customer First Department, IMC, Azam Khan.

Taglong Supreme is the API SP and ILSAC GF-6 category oil, which is the most advance and latest in the world. Not only gasoline engines, Taglon Supreme Engine Oil is recommended for use in hybrid vehicles also, such as Toyota Cross, Prius, Aqua, and any other. Taglon Supreme has been designed and created in a way that it significantly improves fuel efficiency and engine life and reduces engine wear and tear by dispersing deposits and sludge by way of enhanced detergency. Taglon Supreme also possesses better fluidity at lower temperatures and provides exceptional cold start ease and protection against wear at the time of cranking. Furthermore, it is at par with the latest emission and environmental regulations.

Speaking on this occasion, Ali Asghar Jamali, CEO IMC, said, “This is indeed a big moment for us. This partnership and the launch of Taglon Supreme is a testament to our commitment to move towards carbon neutrality. We will always strive to provide products and services that are at par with international standards.”

December 9, 2021:  On World Sight Day this year, Indus Motor Company (IMC) pledged to fight childhood blindness in Pakistan. Fast forward December 2021, IMC and Al-Ibrahim Eye Hospital (AIEH), sealed the alliance by signing an MoU, at the company’s head office at Port Qasim. The company’s Chief Executive, Ali Asghar Jamali and AIEHs Director, Dr Abdul Fatah Memon, signed the document.

The Childhood Blindness Prevention Program functioning under IMCs Neighbouring Community Uplifting Program, aims to mitigate the risk of blindness and visual impairment, pervasive amongst both school going and out-of-school children belonging to low socio-economic communities, residing in adjoining villages supported the company.

The free vision screening camps, will be setup at The Citizens Foundation schools, where children from these villages study under IMCs Toyota Goth Education Program. For out of school children, camps will be setup at the villages. Post screening, children with refractive error will be provided free spectacles and medicines wherever needed, whilst patients requiring further treatment/surgery will be referred to AIEH. 

Commenting on the partnership, IMC Chief Executive, Ali Asghar Jamali, expressed, “Vision is one very important blessing of the Almighty. Three quarters of all blindness can be prevented or treated during childhood which if not addressed timely, can have adverse effects for the poor, especially in Pakistan. The two exciting aspects of this collaboration with AIEH, is capacity building and more importantly, creating awareness of childhood vision impairment, which will have far reaching results in the communities.”

Karachi – December 9, 2021 – Coordinated by the International Road Federation (IRF) and supported by TotalEnergies Foundation, Indus Motor (IMC) together with a group of leading private sector companies in Pakistan, have entered into a partnership to use their combined knowledge and expertise to reduce road fatalities and injuries in the country. This initiative is rooted in the belief that one road crash victim is one too many.

The founding members of this coalition which besides IMC, include TOTAL PARCO Pakistan, Shell Pakistan, Unilever Pakistan Limited, PARCO Pearl Gas Limited, Coca Cola Pakistan, Engro Fertilizers Limited and Niaz Malik Consultants, signed the Coalition Charter at a virtual ceremony, hosted by the IRF in Geneva, Switzerland. IMC Chief Executive, Ali Asghar Jamali, signed the Charter along with other CEOs/MDs of these organisations.

The project aims to mobilise and federate private sector stakeholders to support road safety efforts in Pakistan and to substantially improve road safety via hands-on, impact-oriented and scalable activities.

According to WHO, most road crashes occur in developing countries where road transport constitutes one of the leading causes of death. In recognition of this global crisis, the United Nations has declared the years 2021 to 2030 as the new Decade of Action for Road Safety, setting the ambitious target of reducing road traffic deaths and injuries by at least 50%. The United Nations have urged all stakeholders, including business leaders, to support the implementation thereof.

Expressing his views at the ceremony, Chief Executive IMC, expressed, “Road safety is taking a serious turn in Pakistan and addressing it is not any one person’s job. As a shared responsibility, this coalition – a first for Pakistan – is a great step forward and coupled with IRFs experience and expertise will bring great value to the table, which on our own, we would be unable to do by ourselves. However, at the end of the day, the impact has to be created by us, the stakeholders, for whom there is greater value and create a real difference in the society. As Safety Leaders, Toyota values safety, be it the Company’s products or safety on roads.”

“IRF strongly believes that partnerships are the key driver of success and long-term impact in the reduction of road crashes. We are delighted to coordinate this work and to pro-actively engage private sector into collaborative and coordinated initiatives. This will help us step-up efforts to reach the targets set by the new Decade of Action” commented Susanna Zammataro, IRF Director General, at the launch of the coalition.

Besides Pakistan, IRF has already launched a private sector coalition in Tanzania this year and is currently working on the launch in Morocco.

Toyota Yaris proudly co-sponsored the Karachi Music Revival held on 28^th November, 2021 at Moin Khan Academy. Touted as the first revival of music and concerts in Karachi after a pandemic hit couple of years, this concert was an impeccable success. Toyota Yaris came together with Reet Solutions to bring the “Karachi Music Revival” featuring the music superstar of the nation, Asim Azhar as well as Natasha Baig and Taha G. This concert provided one of the most vivacious live performances of recent times in Karachi.

The efforts of Toyota Yaris and Reet Solutions was quite evident from the entire event which did not just included enthralling performances by Asim Azhar and Natasha Baig but also had a lot of recreational activities for the audience through food, drinks and photo opportunities for the attendees at the Yaris booth.

An electric stall of Toyota Pakistan featuring the fantastic Toyota Yaris – co-sponsors of the event – was the centre of attention with an enchanting back theme, electric lighting and a photo booth for the audience to capture their memories of the night. Toyota Yaris is Pakistan’s highest selling sedan, with a cool sleek design, in dash 6.8-inch, capacitive touch infotainment system and 6 SP speaker make its virtual dream to drive. Ali Akbar, the brand manager of Toyota Yaris had to say, “We feel very passionately about the music scene in Pakistan!” When asked why Yaris sponsored the event he stated, “Yaris is young, sporty and fun and we are exactly where we want to be, providing the youth of our nation with an affordable sedan that is as fun and sporty as them!”