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.
| Company type | Public (Joint venture) |
|---|---|
| PSX: INDU | |
| Industry | Automotive |
| Founded | 1 July 1990 |
| Headquarters | Port Qasim, , Pakistan |
Area served | |
Key people |
|
| Products | Automobiles |
| Revenue | Rs. 177.7 billion (US$620 million) (2023) |
| Rs. 16.9 billion (US$59 million) (2023) | |
| Rs. 9.5 billion (US$33 million) (2023) | |
| Total assets | Rs. 122.7 billion (US$420 million) (2023) |
| Total equity | Rs. 60.1 billion (US$210 million) (2023) |
Number of employees | 3,129 (2023) |
| Parent | Overseas Pakistan Investors AG (44%) Toyota Motor Corporation (31.8%) Toyota Tsusho Corporation (16%) Thal Limited (6.25%) General public (5.7%) |
| Website | www |
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 109.5 acres (0.443 km2) manufacturing plant at Port Qasim Industrial Zone, outside Karachi.[4]
History edit
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 the L500 series Daihatsu Mira in Pakistan which was locally sold as the Daihatsu Cuore and featured an 850-cc engine.[5]
In 2008, Toyota acquired 9.83 million shares from Overseas Investors AG and general public at the price of PRs. 370 per share.[6]
In January 2012, the company halted production of the L500 series Daihatsu Cuore in Pakistan.[7]
Former Chairman of Indus Motor Company Ltd, Ali Suleman Habib died on 18 April 2020.[8]
Operations edit
In May 2023, Toyota Indus announced that the Corolla Cross Hybrid would be locally assembled in Pakistan.[9]
Toyota Indus started exporting automotive parts to Toyota Egypt in July 2023.[10]
After an investment of over $100 million, the company inaugurated its hybrid electric vehicle assembly line on 6 December, 2023.[11] 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.[12]
Financial Performance edit
| Year ended | Revenue (PKR million) | Operating income (PKR million) | Net income (PKR million) | Total assets (PKR million) | Total equity (PKR million) |
|---|---|---|---|---|---|
| 30 June 2010[13] | 60,093 | 5,386 | 3,443 | 27,138 | 12,588 |
| 30 June 2011[13] | 61,703 | 4,088 | 2,743 | 26,835 | 14,120 |
| 30 June 2012[13] | 76,963 | 6,374 | 4,303 | 27,576 | 17,014 |
| 30 June 2013[13] | 63,829 | 5,000 | 3,358 | 25,106 | 17,693 |
| 30 June 2014[13] | 57,064 | 5,055 | 3,873 | 26,111 | 19,916 |
| 30 June 2015[14] | 96,516 | 14,184 | 9,110 | 50,399 | 24,036 |
| 30 June 2016[15] | 108,759 | 17,397 | 11,455 | 57,537 | 27,630 |
| 30 June 2017[16] | 112,272 | 19,141 | 13,001 | 63,880 | 31,197 |
| 30 June 2018[17] | 140,208 | 22,999 | 15,772 | 81,927 | 36,744 |
| 30 June 2019[18] | 157,996 | 18,976 | 13,715 | 64,783 | 40,045 |
| 30 June 2020[19] | 86,167 | 7,287 | 5,082 | 80,279 | 41,169 |
| 30 June 2021[20] | 179,162 | 18,199 | 12,828 | 133,906 | 48,201 |
| 30 June 2022[21] | 275,506 | 25,453 | 15,802 | 213,965 | 54,011 |
| 30 June 2023[22] | 177,711 | 16,797 | 9,554 | 122,764 | 60,070 |
Products edit
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 edit
Imports edit
See also edit
References edit
- ^ Profile of Indus Motors Company Forbes.com website, Published 27 September 2007, Retrieved 23 April 2020
- ^ a b Profile of Indus Motors Company Business Recorder (newspaper), Published 14 March 2017, Retrieved 23 April 2020
- ^ Indus, Company. . Archived from the original on 29 August 2022. Retrieved 3 May 2019.
- ^ "CORPORATE – Toyota Indus". Retrieved 23 October 2023.
- ^ "Cuore Production Under Way in Pakistan". DAIHATSU Global Website.
- ^ "Toyota to acquire 9.8m more shares in Indus Motors". Dawn. Pakistan. 29 April 2008. Retrieved 12 October 2019.
- ^ "Indus Motor pulls the plug on Coure". The Express Tribune. 2 April 2012.
- ^ Dawn.com (18 April 2020). "Ali Habib, prominent businessman and chairman of Indus Motors, passes away in Karachi". DAWN.COM. Retrieved 28 May 2020.
- ^ Desk, BR Web (6 May 2023). "Indus Motor Company to launch locally-assembled Hybrd Electric Vehicle next year". Brecorder. Retrieved 23 October 2023.
- ^ Hussain, Bilal (11 July 2023). "Pakistan's Indus Motor Company starts exports to Toyota Egypt: CEO". Brecorder. Retrieved 23 October 2023.
- ^ "Indus Motor Company inaugurates its hybrid electric vehicle assembly line". 6 December 2023. Retrieved 20 December 2023.
- ^ "Locally Assembled Toyota Corolla Cross Rolls Off the Assembly Lines". 7 December 2023. Retrieved 20 December 2023.
- ^ a b c d e "Indus Motor Company Ltd - 2014 Annual Report" (PDF). Indus Motor Company. 30 June 2014. Retrieved 23 October 2023.
- ^ "Indus Motor Company Ltd - 2015 Annual Report" (PDF). Indus Motor Company. 30 June 2015. Retrieved 23 October 2023.
- ^ "Indus Motor Company Ltd - 2016 Annual Report" (PDF). Indus Motor Company. 30 June 2016. Retrieved 23 October 2023.
- ^ "Indus Motor Company Ltd - 2017 Annual Report" (PDF). Indus Motor Company. 30 June 2017. Retrieved 23 October 2023.
- ^ "Indus Motor Company Ltd - 2018 Annual Report" (PDF). Indus Motor Company. 30 June 2018. Retrieved 23 October 2023.
- ^ "Indus Motor Company Ltd - 2019 Annual Report" (PDF). Indus Motor Company. 30 June 2019. Retrieved 23 October 2023.
- ^ "Indus Motor Company Ltd - 2020 Annual Report" (PDF). Indus Motor Company. 30 June 2020. Retrieved 23 October 2023.
- ^ "Indus Motor Company Ltd - 2021 Annual Report" (PDF). Indus Motor Company. 30 June 2021. Retrieved 23 October 2023.
- ^ "Indus Motor Company Ltd - 2022 Annual Report" (PDF). Indus Motor Company. 30 June 2022. Retrieved 23 October 2023.
- ^ "Indus Motor Company Ltd - 2023 Annual Report" (PDF). Indus Motor Company. 30 June 2023. Retrieved 23 October 2023.
External links edit
- Indus Motor Company Limited 18 August 2022 at the Wayback Machine
- Indus Motor on Asia's 200 Best Under A Billion 2007 (Forbes.com website)
- Toyota Global (in English)