Toyota Indus

Indus Motor Company Limited (Urdu: انڈس موٹر شرکه محدودہ), operating as Toyota Indus, is a Pakistani automobile manufacturer which is a subsidiary of Japanese multinational automaker Toyota Motor Corporation. It is based in Karachi, Pakistan.

Indus Motor Company Ltd.
TypePublic (Joint venture)
PSX: INDU
IndustryAutomotive
Founded1 July 1990
HeadquartersKarachi, Pakistan
Key people
Mohamedali R. Habib (chairman), Mr Ali Asghar Jamali (CEO), Shinji Yanagi (director & vice chairman)
ProductsAutomobiles
RevenueIncrease Rs. 96.516 billion (US$330 million) (2015)
Increase Rs. 14.184 billion (US$49 million) (2015)
Increase Rs. 9.11 billion (US$32 million) (2015)
Total assetsIncrease Rs. 50.399 billion (US$170 million) (2015)
Total equityIncrease Rs. 24.036 billion (US$83 million) (2015)
Number of employees
3,349
ParentToyota Motor Corporation (25%)
Overseas Pakistan Investors AG (35%)
Toyota Tsusho Corporation (13%)
Thal Limited (6%)
General public (7%)
Websitewww.toyota-indus.com

Founded in 1989, as a joint venture between House of Habib, Toyota Tsusho and Toyota Motors.[1][2][3]

Indus Motor is the authorized assembler and manufacturer of Toyota and Daihatsu vehicles, auto parts and accessories in Pakistan since 1 July 1990 at its 105 acres (0.42 km2) manufacturing plant at Port Bin Qasim Industrial Zone, outside Karachi.[4]

Indus Motor has employed 3,349 persons.[5]

History

Indus Motor was incorporated as a public limited company in December 1989 and started commercial production in March 1993. Shares of the company are quoted on the Pakistan Stock Exchange.[2]

In March 2000, the company started production of Daihatsu Cuore in Pakistan which was based on the domestic Mira and features an 850-cc engine.[6]

In 2008, Toyota acquired 9.83 million shares from Overseas Investors AG and general public at the price of PRs. 370 per share.[7]

In January 2012, the company halted Cuore production in Pakistan.[8]

Former Chairman of Indus Motor Company Ltd, Ali Suleman Habib died on 18 April 2020.[9]

Products

Cars

Offroaders

Buses & Vans

See also

References
  1. Profile of Indus Motors Company Forbes.com website, Published 27 September 2007, Retrieved 23 April 2020
  2. Profile of Indus Motors Company Business Recorder (newspaper), Published 14 March 2017, Retrieved 23 April 2020
  3. Indus, Company. "Company Profile-Toyota Indus". Archived from the original on 29 August 2022. Retrieved 3 May 2019.
  4. "Indus Motor Company Limited". Business Recorder. Pakistan. 19 June 2014. Retrieved 3 May 2019.
  5. "Company Profile". Toyota Indus. Archived from the original on 5 June 2020. Retrieved 28 May 2020.
  6. "Cuore Production Under Way in Pakistan". DAIHATSU Global Website.
  7. "Toyota to acquire 9.8m more shares in Indus Motors". Dawn. Pakistan. 29 April 2008. Retrieved 12 October 2019.
  8. "Indus Motor pulls the plug on Coure". The Express Tribune. 2 April 2012.
  9. Dawn.com (18 April 2020). "Ali Habib, prominent businessman and chairman of Indus Motors, passes away in Karachi". DAWN.COM. Retrieved 28 May 2020.
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