Indus Motor production falls to all-time-low

KARACHI: The production of the Indus Motor Company (IMC) has declined to an all-time low in July due to low demand while the company will keep its production plant closed for six working days in August, a senior official of the company said on Monday.

“IMC would keep its production plant close for six days in August due to low demand of its cars,” said Parvez Ghias, chief executive officer of IMC at a press conference, adding that the company also kept its plant closed for five days in July.

He said that exact number of units produced in July is yet to be finalised but his marketing department has reported to him that production remained all-time low in July. One of his colleagues, however, told on sidelines of the conference that the company produced some 1,700-1,800 cars in July against an average of 4,500-4,600 units in the previous month.

Ghias did not give a prominent reason for the low demand but said that car booking remained low in the first 10-days of Ramazan. He added that the import of used cars and poor economic scenario also played their part in keeping the demand for cars low in the month. He, however, was optimistic to see a quick revival in demand before Eid-ul-Fitre or in September.