Karachi, Mar. 3, 2021: To further its Million Tree Plantation Program, Indus Motor Company (IMC), has signed a Memorandum of Understanding (MoU) with the United Nations Association of Pakistan (UNAP). The MoU was signed at IMC headquarters, by the Company’s CEO, Ali Asghar Jamali and President UNAP, Moohi Shaheen.

Under the partnership, UNAP will undertake to plant over 150,000 tree saplings in Karachi and surrounding areas.

Expressing his views, Mr. Ali Asghar Jamali, CEO IMC, said “Deforestation is becoming a serious concern for Pakistan. What is needed is a fast, equally serious and collective endeavour to overcome this predicament and our collaboration with UNAP for the Million Tree Plantation Program aims to do just that. As a signatory to the United Nations Global Compact (UNGC), we are committed to support the SDGs and our social responsibility initiatives are aligned accordingly, in addition to the Toyota Environmental Challenge 2050.”

UNAP is dedicated to promoting the UN’s development agenda outlined in its 17 Sustainable Development Goals (SDGs). By signing the MoU with IMC, UNAP aims to broaden its span of activities regarding SDG 13 and 15 (climate action, life on land). At the same time, it will be promoting the concept behind SDG 17 (partnership for goals), which asks for all-inclusive and collective efforts for achievement of the SDGs.

Karachi – 26th February 2020: The Board of Directors of Indus Motor Company (IMC) released its financial results for the half-year ended December 31, 2020.

IMC’s combined sales of Completely Knocked Down (CKD) and Completely Built-up Units (CBU) units increased by 82% to 26,362 units against 14,453 units sold in the same period last year. The Company produced 26,383 vehicles, registering an 81 % increase, as compared to 14,555 units produced in the same period last year. IMC’s market share in the overall market stood at approximately 24.7% for the half year ended December 31, 2020.

The Company’s net sales turnover for the half year ended December 31, 2020, increased to Rs. 79.65 billion as compared to Rs. 42.78 billion, for the same period last year, while profit after tax increased to Rs. 4.8 billion as against Rs. 2.3 billion achieved in the same period last year.

The increase in turnover and profitability for the half-year period was mainly owing to higher CKD and CBU volumes, and increased other income due to improved cash flows. However, cost increases mainly due to Rupee devaluation eroded the gross profit margin to 7.55% against 8.81% in same period last year.

The Company experienced an overwhelming response to Toyota Yaris in the first, as well as second quarter of fiscal year 2020-21 which contributed to volume increase in Passenger Car segment. Moreover, Fortuner TRD variant was launched in October 2020 which too was well received by customers.

The Auto policy introduced in 2016 will end by June 2021. The policy enabled green field investments in the auto industry to reach the 500,000 units of annual production capacity, with multiple brands and product offerings. Consumer purchasing power was revitalized, and a reduction in interest rates led to an increase in auto financing, which contributed to demand in the first half of FY 20-21.

The Earnings Per Share of the Company for half year ended December 31, 2020 stood at Rs.61.08 as compared to Rs. 29.32 reported during the same period last year. The Board of Directors with pleasure, have declared second interim cash dividend of Rs. 25 per share for the half year ended December 31, 2020, compared to Rs. 6 per share, for the same period last year.

Expressing his views, CEO IMC, Ali Asghar Jamali, stated, “Overall, the automobile industry is clearly bouncing back. The economic upturn following the gloom and despair hovering over the auto industry during the COVID-19 lockdown, owes itself to the Government’s timely decision to ease the lockdown and introduction of favourable policies. Reduction in interest rates has been another factor that led to an increase in auto financing, bolstering consumer confidence.”

He further added, “We thank our valued customers who have always placed their trust in our products, as well as all our employees, stakeholders and shareholders for their sustained support.”

During the period, the Company received accolades, winning the “Most Outstanding Company in Pakistan 2020 (Automobiles and Component Sector)” awarded by Asiamoney, and the “Best Sustainability Report Award 2019” conferred by the Joint Committee of Institute of Chartered Accountants of Pakistan and Institute of Cost and Management Accountants of Pakistan.

Karachi, Feb.18, 2021: Indus Motor Company (IMC) has introduced the Toyota Smart Purchase portal that allows customers the experience of making an on-line purchase from the company’s diverse product line up, sans a dealership visit.

The Toyota Smart Purchase is the first ever end-to end on-line booking and payment system introduced by any automobile company in Pakistan. It promises customers unmatched convenience at their doorstep anytime, anywhere.

CEO IMC, Ali Asghar Jamali sharing his thoughts observed, “The one-stop Toyota Smart Purchase promises to take shopping to a whole new level. Customers now have the luxury of shopping for their favourite Toyota from the safety and comfort of their homes or workplaces, placing their order in four easy steps.”

He further added, “Keeping customers convenience foremost, is fundamental to Toyota’s Customer First principle. The COVID-19 outbreak has completely altered the way we think and creating the new normal through kaizen and smart use of technology is the need of the hour.”

IMC has received several customer orders both with partial and full payment. The public response to the new digital platform has been encouraging and expected to catch on further.

Karachi, February 8, 2021: Indus Motor Company (IMC) has been recognized by The Professionals Network (TPN), Pakistan for its exceptional contribution towards social development, bagging awards in four categories at the 10th Annual International Corporate Social Responsibility Summit and Awards 2021. The awards were presented by President, Karachi Chamber of Commerce and Industry, Mr Shariq Vohra. The award ceremony hosted by TPN was attended by prominent personalities belonging to the corporate sector, government organizations, NGOs, academia and media.

Over 100 companies competed in 25 award categories, 51 of which won the coveted awards. IMC led categories for “Sustainability Initiatives”, “Business Leadership”, “Reporting & Transparency” and “Green Environmental Stewardship”. The award is the first and only CSR Award platform in Pakistan registered as an Intellectual Property Organization (IPO) with the Government.

Sharing his thoughts on the occasion, CEO Indus Motor Company, Ali Asghar Jamali said “It is an honor and a privilege to be conferred with these prestigious awards. I congratulate The Professionals Network’s management for its commendable effort and providing corporates the platform to showcase their CSR initiatives”.

Further, he added, “Being socially responsible, IMC takes CSR as an obligation to society which extends beyond economic and legal duties. Our activities, contributions and impacts are aligned with the United Nations SDGs that help us create a better environment, products and socially uplift the communities where we operate”.

The company has been focused on working simultaneously on various SDGs including SDG 8 – Decent Work and Economic Growth, the Pakistan Business Council having declared IMC as the Industry Leader; SDG 4 – Quality Education through its flagship Toyota Goth Education Program and Toyota Technical Training Program; SDG 3 – Good Health and Well-being and SDG 7 – Zero Hunger both through collaboration with Saylani Welfare Trust; SDG 13 – Climate Action through the Company’s Million Tree Plantation Drive and 5S Ecological Conservation both in collaboration with the United Nations Association of Pakistan.

Karachi 28 Jan 2021: Indus Motor Company (IMC) has signed a MoU with The Citizens Foundation (TCF), renewing its pledge, for the 13th running year, to provide quality education from grass root level to the country’s less privileged children.

This collaboration will entail managing the Company’s flagship Toyota Goth Education Program (T-GEP) through TCF schools as well as TCF campuses built and supported by IMC in multiple cities.

The T-GEP was initiated in 2008 under IMC’s Neighbouring Community Uplift Program for out-of-school children living in ‘goths’ (villages) neighbouring IMC, providing full financial support for elementary and secondary school education. There are currently over 250 students enrolled under the program. In addition to this, around 1,100 students are currently studying at three IMC built and supported, TCF campuses located at Karachi, Hyderabad and Muzzafargarh.

Speaking on the collaboration, CEO Indus Motor Company, Ali Asghar Jamali observed, “Pakistan has the world’s second-highest number of out-of-school children aged between 5-16 years. IMC is committed to play its role in making a difference by supporting to educate the less privileged children of our country. Our continued collaboration with The Citizens Foundation in furthering this cause is a testament to that promise.”

He further added, ‘Every child has a right to education and girls have the same right to education as boys. I am proud to say that 48 percent of total students enrolled with T-GEP and at the three schools, are girls. Clearly, there is a shift in parents being more receptive today to educating their daughters which is very encouraging. Educating girls saves lives and builds stronger families, communities and economies.”

IMC as a signatory to the UNs Sustainable Development Goals, supports SDG 4 – Quality Education, which focuses on inclusive and equitable quality education and promotes lifelong opportunities for all.

Karachi: The Centre of Excellence in Responsible Business (CERB) – an outreach initiative of the Pakistan Business Council (PBC) – in collaboration with Indus Motor Company (IMC) recently organised a webinar in celebration of National Working Women’s Day. The webinar which focused on UN’s SDG – 8 (Decent Work and Economic Growth), acknowledged the important role women in Pakistan have played in the country’s socio-economic development. IMC has been identified as the industry leader for SDG – 8 by the PBC under its CERB Leadership Program.

The panelists included Ms. Anam Fatima Khan from IMC, Ms. Neelofar Hameed from HBL and Ms. Maliha Hussain from Mehergarh who shared their experiences and best practices with regards to ‘decent work’ in their respective organisations. This included discussion on workplace stability and security, safe work environment (free from harassment, occupational and COVID safety), work and family life balance, equal opportunities and treatment and facilitation of female employees.

Ms. Anam Fatima Khan highlighted that as a leader in the manufacturing sector, IMC has maintained a strong commitment to the creation of a decent and safe workplace for all its employees. This has, amongst other things, allowed IMC to become the first and only Auto manufacturer (OEM) to employ and retain talented women on its assembly production line; and to maintain a strong representation of women with in senior management, with 9 percent of such roles being held by women.

CEO Indus Motor Company, Ali Asghar Jamali in his closing remarks observed, ”With 49 percent of the country’s total population comprising of women, Pakistan has witnessed constant growth of women participation in the workforce. It is important to consistently set the tone through top management for women empowerment and ensure that appropriate policies, procedures and systems are in place at the Company, so that women feel comfortable working at IMC at all times.”

Karachi: Indus Motor Company (IMC) recently inaugurated Toyota Port Qasim Motors at Karachi, making it the 12th dealership in Karachi and 17th in the Southern region. Present were IMC Chairman Mohamedali R.Habib, Vice Chairman Yuji Takarada and CEO Ali Asghar Jamali who unveiled the dealership amidst tight COVID-19 SOPs.

The new state-of-the-art 3S facility located at Port Qasim Authority is designed to offer customers a premium Toyota shopping experience in a refreshingly chic ambiance. The dealership sales and aftersales staff and technicians are trained to provide high quality service to customers, all under one roof.

CEO IMC, Ali Asghar Jamali, said on the occasion, “Toyota is a brand loved by our people. IMC’s philosophy is expanding outreach to all corners of the country for our customers’ ease and convenience. The addition of this 49th dealership to the network is a testament to that commitment.”

He further added, “Based on Toyota’s cornerstone principle of Customer First and QDR (Quality, Dependability and Reliability) which is synonymous with the brand, IMC aims to provide innovative, safe, and high-quality products and services through its widening dealership network, meeting the high expectations demanded by Toyota customers.”

The location of the dealership has been selected strategically at Port Qasim, an industrial hub of the city and will cater to all adjoining areas.

Dec 7, Karachi: Indus Motor Company (IMC) recently signed a Memorandum of Understanding (MoU) with the United Nations Association of Pakistan (UNAP) for Toyota 5S Ecological Conservation Program. The MoU was signed electronically by IMC CEO, Ali Asghar Jamali and UNAP President, Moohi Shaheen.

Under the terms of the MoU, UNAP will train around 50,000 students across the country, with the objective of creating awareness on the importance of environmental protection through Toyota’s world renowned 5S Philosophy. Owing to the COVID-19 outbreak, to ensure safety of all concerned, the sessions will be held online through webinars.

The 5S methodology is a workplace organization method and systematic form of visual management that increases productivity, efficiency, safety and organization of one’s immediate environment. It refers to five Japanese terms used to describe the steps of the 5S system of visual management, each term starting with an ‘S’ i.e. Seiri, Seiton, Seiso, Seiketsu, and Shitsuke, translated to English as Sort, Set in Order, Shine, Standardize, and Sustain, respectively.

“5S is simply a mindset”, said CEO IMC, Ali Asghar Jamali. “At IMC we have a robust 5S culture in place that has gradually spread to our Dealer network. The goal of this program is to educate children and young adults on environmental conservation and help develop this mental attitude. To drive this program, we have chosen to collaborate with UNAP who have the know-how and the required outreach to schools and universities nationwide.”

He added, “IMC has always aimed at demonstrating a responsible corporate conduct throughout the entire spectrum of its activities and operations – from providing high quality and safe products, to voluntary support of a broad range of social activities. As a signatory to the United Nations Global Compact, our initiatives are aligned with the Sustainable Development Goals (SDGs), mainly focused towards Quality Education (SDG 4), Climate Action (SDG 13), Good Health & Well-Being (SDG 3), to name a few. ”

Karachi: Indus Motor Company (IMC) has realized a 12-year old dream via its Toyota – Goth Education Program (T-GEP) with its first batch of students from the under-privileged neighboring localities.

The Company instituted the Toyota – Goth Education Program in 2008 under its Community Uplift Initiative to provide full financial support for elementary and secondary school education to children from economically disadvantaged communities of neighboring localities where IMC operates. To this end, IMC has partnered with The Citizens Foundation (TCF) for imparting quality education from grassroot level.

The Program has gradually expanded its area of operation and has resulted in not only improving the living standard and way of thinking but also helped in reducing the long tradition of early marriage of girls in the neighboring communities.

“Through our notable contributions in education, IMC as a signatory to the UNs Sustainable Development Goals, supports SDG 4 – Quality Education, which focuses on inclusive and equitable quality education and promotes lifelong opportunities for all, explains Ali Asghar Jamali, CEO – IMC.

He further added, “Our first batch of T-GEP consisted of two boys, who have completed their Intermediate and having shown interest in building their career through IMC`s flagship Apprenticeship Program, I am happy that they have joined the Company. The girl, meanwhile, has plans to pursue her graduation.” The CEO also met the two boys and congratulated them.

Currently, Pakistan has the world’s second-highest number of out-of-school children with an estimated 22.8 million children aged 5-16 not attending school, representing 44 per cent of the total population in this age group, according to a UNICEF report.

Indus Motor Company (IMC) is geared up to introduce a fresh look to its flagship Toyota Corolla, the Corolla X Package, expected to roll out in January.

Despite being the most competitive vehicle locally produced, Corolla offers top of the line performance and safety features.

Whilst Pakistani consumers today have many available choices, Toyota Corolla has stood the test of times, its wide popularity owed to the brand’s promise of quality, durability and reliability and high resale value.

The new Corolla X Package, 2021 model has aggressive styling, appealing to a large audience. Available in Altis 1.6 and 1.8 variants, the new model sports an all-black interior along with passenger seat belt warning, EC mirror and an appealing cosmetic body kit change. IMC is expected to shortly commence booking and unveil the new price simultaneously.

It is pertinent to mention here that around 40% of the OEM RSP comprises of Government duties and taxes i.e. 30% Customs Duty, 7% ACD, 17% GST, 7.5% FED and WHT upto Rs.150k.

No doubt Toyota is Pakistan’s most loved automobile brand with Corolla enjoying the top slot in terms of sales volume with close 750,000 units sold todate. It has been the No. 1 selling car in the Asia-Pacific region and the 4th highest selling car in the world for many years.

Karachi, Nov 12: CEO Engineering Development Board (EDB) Pakistan, Raza Abbas Shah visited Indus Motor Company (IMC) and lauded the Company’s role in enhancing the engineering base in Pakistan.

The CEO was accompanied by GM EDB Asim Ayaz and other members.

The delegation visited different sections of the plant and briefed on the aspects of manufacturing, quality, safety and capital investment made to upgrade the facility and the level of localization achieved.

The management of IMC briefed the delegation on the Company’s commitment towards “Make in Pakistan” that has materialized through more than 45 Technical Assistance Agreements leading to technology transfer and paving way for exports.

The management also briefed the guests that the largest tax manufacturing industry of Pakistan is the highest tax contributor that can help achieve the government in its macro-economic targets of employment generation, GDP growth and exports.

“We need support from the government and its departments like EDB in the form of transparent, predictable and consistent policies as these are prerequisite for industrialization and economic growth,” said Chief Executive IMC Ali Asghar Jamali.

CEO EDB appreciated the measures taken by IMC to ensure safety around the plant against the spread of Covid-19 pandemic evident by the strict SOPs in place.

Karachi: The Board of Directors of Indus Motor Company (IMC) released its financial results for the first quarter ended September 30, 2020.

The Company’s combined sales of Complete Knocked Down (CKD) and Complete Built-up (CBU) units for the quarter increased by 73% to 11,809 units against 6,839 units sold in the same period last year. The market share of IMC in the overall market stood at approximately 27% for the first quarter.

The Company’s net sales turnover for the quarter increased by 65% to 34.19 billion compared to Rs. 20.72 billion, for the same period last year; while profit after tax increased by 40% to Rs. 1.85 billion against Rs. 1.32 billion achieved in the same period last year.

The increase in turnover and profitability for the three-month period was mainly due to higher CKD and CBU volumes, and increased other income due to improved cash flows, however, due to the depreciation of Pak Rupee and absorption of costs, the gross margin of the company reduced to 6.7% against 9.7% in same period last year.

The overwhelming response received for Toyota Yaris has also led to volume increase. The Company opened booking for the Toyota Corolla 1.6 Manual Transmission vehicle, considering the customer demand, and is consistent with IMC’s policy of providing customers with more options and features.

The Earnings per Share of the company stood at Rs. 23.48 as compared to Rs. 16.78 reported during the same time last year in September, 2019. The Board of Directors is pleased to declare first interim cash dividend of Rs. 12 per share for the first quarter as compared to Rs. 7 per share, for the same period last year.

Expressing his views, CEO IMC, Ali Asghar Jamali, stated, “We would like to appreciate our customers for their continued loyalty towards our products as well as acknowledging the tremendous and dedicated efforts of our staff, vendors, dealers, business partners and the entire Indus team during these challenging times.” He further added, “We look forward towards the continued support of our staunch customers as we move ahead with an expectation of the revival of economic activities and improved business activities in coming months.”

In the Extra Ordinary General Meeting of Indus Motor Company Limited held on October 28, 2020, the existing Directors of the Company were re-elected as Directors and subsequently, in the Board of Directors meeting held on same day, Mr. Mohamedali R. Habib and Mr. Yuji Takarada re-elected as Chairman and Vice Chairman, respectively, and Mr. Ali Asghar Jamali re-appointed as Chief Executive, of the Company, for a term of three years commencing from October 31, 2020.

IMC remains committed to the ‘Customer First’ philosophy that demands a high level of contribution, dedication and efficiency from all levels in the Company, to ensure maximum customer satisfaction throughout the supply chain. This is the cornerstone of the ‘Toyota Way’ and critical for the long-term success of the Company.

Karachi: Indus Motor Company (IMC) has published its 5th Sustainability Report for the financial year 2019-20. It has been developed according to the Global Reporting Initiative (GRI) Standards, a widely recognized framework for sustainability reporting. The report highlights IMC’s contribution to different Sustainable Development Goals (SDGs) addressing the global challenges which we face today.

The report also states IMC’s contribution to the 10 principles of the United Nations Global Compact (UNGC), including the Company’s notable support to SDG-4 “Quality Education” which focuses on equitable quality education and lifelong learning opportunities for all.

Moreover, IMC’s exceptional performance to meet the targets of SDG-8 has led Pakistan Business Council to nominate IMC as the leader for SDG-8 which aims towards sustainable economic growth and decent working conditions.

IMC has also been striving to reduce the environmental burden attributed to automobiles while developing measures towards a cleaner environment. The company has aligned initiatives to address the environmental challenges defined under Toyota Environmental Challenge 2050 which include rising CO2 emissions, lack of recycling based systems and increasing water discharge management.

Expressing his views, Ali Asghar Jamali, CEO, IMC said, “We continue enriching lives of our communities through support in education and healthcare, promoting innovation and cleanliness. We fully support workforce volunteering and making a meaningful contribution towards society.”

He further stated, “Being a responsible automobile Company, we are committed to reducing environmental impact of our operations and supply chain partners through efficient management and adoption of cleaner technologies. We are aligned with the Toyota Environmental Challenge 2050 which strives to reduce the environmental burden attributed to automobiles as close to zero as possible.”

Indus Motor Company will keep delivering sustainable growth by following the 10 Principles of the United Nations Global Compact (UNGC) and Sustainable Development Goals.

Karachi: Indus Motor Company (IMC) has been honored once again as the Most Outstanding Company in Pakistan in the category of Automobile & Components during the year 2020 for the third successive year by Asiamoney, a leading business publication.

Asiamoney, a specialized business publication with the Euromoney Group, traditionally holds a competition among Asian institutions. The award established by the business publication is one of the most revered awards in the region.

Sharing his thoughts, Chief Executive Officer, IMC, Ali Asghar Jamali, stated, “We are grateful to be recognized again by one of the influential business publications in the world. This is an affirmation of our continued commitment and our dedicated efforts that have earned IMC this honor.” He further added, “This accolade has further strengthened our resolve to uphold higher standards of excellence which are expected from us as being one of the leading automobile manufacturers in the country.”

IMC garnered the most votes in Pakistan, exhibiting the worthiness of its recognition amongst leading publically listed companies across Asia in their industry sectors due to their financial performance, management team excellence, concise and coherent strategy, IR activities and CSR initiatives.

Karachi, September 28: The Pakistan Automotive Manufacturers Association (PAMA) has announced the results of its elections for the term of 2020-21 held on September 25th under the terms of Trade Organization Rules 2013. The newly elected office bearers and Executive Committee members of the association will take charge effective 1st October.

Mr. Ali Asghar Jamali has been elected as the association’s new Chairman whilst Mr. Saquib H. Shirazi and Mr. Muhammad Kuli Khan Khattak as Senior Vice Chairman and Vice Chairman, respectively.

All the office bearers have a long association with the local auto industry and are well-known and highly respected in the auto and business sectors.

Mr Ali Asghar Jamali has an extensive relationship with the automobile industry and has been associated with Indus Motor Company for the last 20 years and currently serves as its Chief Executive since 2017. He is a Fellow of the Institute of Chartered Accountants of Pakistan and has attended the Advance Management Program at the Harvard University, USA.

Expressing his views, the newly elected Chairman said, “The automobile industry in Pakistan has seen rapid growth over the years. It is an honor to serve the sector and I am fully committed to address the challenges and to steer the industry towards a better future especially during these turbulent times of a global pandemic.”

He further said that, “the prosperity of Pakistan lies in the ‘Make in Pakistan’ approach and it will be our endeavor to give our very best to promote it.”

Karachi: Indus Motor Company (IMC) has once again been recognized for its unwavering commitment towards the environment after it bagged the 17 th Annual Environment Excellence Award 2020. The ceremony was organized by the National Forum for Environment & Health (NFEH) at Karachi.

Since 2004, this is the 10 th time and the 4 th consecutive year since 2017, this award has been bestowed upon the Company by the NFEH, a non-profit organization focused on creating public awareness on environmental, healthcare and educational issues in Pakistan.

Recognized amongst the top organizations of Pakistan for its leading efforts to protect the environment, the award secured by IMC underlines the Company's vision, contribution to protect environment conservation, and its robust CSR programs.

Expressing his views, CEO IMC, Ali Asghar Jamali said, "We are pleased that this honor has been conferred upon us again by the NFEH as we strive to show our commitment to the people of Pakistan and do everything in our capacity to improve our environment." He further added "IMC takes pride in its CSR initiatives and we are keeping shoulders to the wheel to make a meaningful impact for our communities and set an example as a leader in corporate social responsibility."

IMC was awarded after the assessment and congruence of a panel of valued jury consisting of corporate and government dignitaries.

Karachi: Following 14th August celebrations, Indus Motor Company (IMC) launched a drive to gather national flags littered around the city of Karachi under the Company’s ‘Clean Pakistan Drive’.

Pakistan’s National Day is celebrated every year across the country with much enthusiasm and national pride. The celebration is incomplete without the wide range of decorations available on sale, top-seller being the national flag, which comes in all forms and sizes. In all the excitement, these buntings find the way to the ground, littering wide expanses of area across the city, sadly leading to the un-avoidable under-foot trampling.

To mitigate the incidence of desecration of this national symbol, IMC for the third running year, set out on a drive for collection of national flags buntings littered around the city on 15th August 2020. Employees of IMC, under the Employee Volunteering Program participated in the activity moving along pre-determined routes spanning the city.

On the occasion Ali Asghar Jamali, CEO IMC expressed, “Celebrating Pakistan’s National Day with patriotic fervor is every Pakistani citizen’s privilege but at the same time upholding sanctity and showing due respect for the national flag is our principal duty. IMC under the ‘Clean Pakistan Drive’ has launched this initiative to gather flags found strewn on roads and open spaces across the city of Karachi by our team of volunteers. Mindful of the company’s Safety First policy, the team engaged in the activity strictly following all safety protocols for protection against the COVID-19 pandemic.”

The activity sparked interest in the general public too who considering it a civic duty, also briefly participated.

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.