Indus Motor Company Limited, 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.
Founded in 1989, as a joint venture between House of Habib, Toyota Tsusho and Toyota Motors.Profile of Indus Motors Company Forbes.com website, Published 27 September 2007, Retrieved 23 April 2020Profile of Indus Motors Company Business Recorder (newspaper), Published 14 March 2017, Retrieved 23 April 2020
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 manufacturing plant at Port Qasim Industrial Zone, outside Karachi.
History Indus Motor Company was incorporated as a public limited company in December 1989 and was listed on the Karachi Stock Exchange in 1992. The company started its commercial operations in March 1993.
In March 2000, the company started production of the L500 series Daihatsu Mira in Pakistan which was locally sold as the Daihatsu Cuore with an 850-cc engine.
In 2008, Toyota acquired 9.83 million shares from Overseas Investors AG and general public at the price of per share.
In January 2012, the company halted production of the L500 series Daihatsu Cuore in Pakistan.
Former Chairman of Indus Motor Company Ltd, Ali Suleman Habib died on 18 April 2020.
Operations In May 2023, Toyota Indus announced that the Corolla Cross Hybrid would be locally assembled in Pakistan.
Toyota Indus started exporting automotive parts to Toyota Egypt in July 2023.
After an investment of over $100 million, the company inaugurated its hybrid electric vehicle assembly line on 6 December, 2023. Following the inauguration of the assembly line, the company commenced the production of the Corolla Cross Hybrid, making it Toyota's first hybrid electric vehicle to be assembled in Pakistan.
In August 2024, Toyota Indus began exporting Corolla Cross, Hilux and Fortuner models to Oceanian countries.
Financial performance +Indus Motor Company financial performanceYear endedRevenue (PKR million)Operating income (PKR million)Net income (PKR million)Total assets (PKR million)Total equity (PKR million)30 June 201060,0935,3863,44327,13812,58830 June 201161,7034,0882,74326,83514,12030 June 201276,9636,3744,30327,57617,01430 June 201363,8295,0003,35825,10617,69330 June 201457,0645,0553,87326,11119,91630 June 201596,51614,1849,11050,39924,03630 June 2016108,75917,39711,45557,53727,63030 June 2017112,27219,14113,00163,88031,19730 June 2018140,20822,99915,77281,92736,74430 June 2019157,99618,97613,71564,78340,04530 June 202086,1677,2875,08280,27941,16930 June 2021179,16218,19912,828133,90648,20130 June 2022275,50625,45315,802213,96554,01130 June 2023177,71116,7979,554122,76460,07030 June 2024152,48123,32715,072145,82067,226
Products Toyota Indus sells two different types of vehicles; complete knock-down kits (CKD) which are locally assembled at their plant in Karachi and completely built units (CBU) which are imported from the Toyota plants in Japan or Thailand, depending on the vehicle.
Locally assembled Toyota Yaris Toyota Corolla Toyota Corolla Cross Toyota Hilux Toyota Fortuner
Imports Toyota Camry Hybrid Toyota Land Cruiser Toyota Land Cruiser Prado Toyota HiAce Toyota Coaster
See also List of automobile manufacturers Toyota Motor Corporation Toyota Tsusho Corporation
References
External links Indus Motor Company Limited Indus Motor on Asia's 200 Best Under A Billion 2007 (Forbes.com website) Toyota Global