The auto goliath and producer of the Toyota cars in Pakistan, Indus Motor Company (IMC), has ended production for the remainder of September. This progression will carry the all outnumber to 15 “non-production days” (NPDs) this month because of a sharp decrease sought after.
An unknown authority at IMC said that Toyota had just observed 8 NPDs in July and 11-12 NPDs in August. There were various purposes behind this including the inconvenience of the government extract obligation (FED), ascend in costs because of downgrading of rupee combined with traditions obligation on parts and crude material and high loan costs which made their cars distant. He stated, in September, “half of the present month is off. The Toyota plant and across the nation vendor organize, as per sources, has seen unsold cars heap up numbering 3,000. This month, the plant had been working at half limit. The report about the NPD from twentieth Sept to 30th Sept has been approved by a Toyota seller.
In July and August, the production and sales of Corolla tumbled to 5,308 units and 3,708 units from 8,804 and 8,770 units in the comparing time frame a year ago, a fall of 40 and 57% respectively.
Toyota Hilux saw its production and sales fall from 1,383 units and 1,292 units to 793 units and 716 units a dive of 42% and 44% respectively. Besides, the Fortuner saw its production and sales plunge to 232 units and 162 units from 484 units and 424 units, a fall of 52% and 62% respectively.