Indus Motor Company Limited, the assembler of Toyota vehicles in Pakistan, has announced its decision to temporarily close its production plant once again. According to a notice sent to the Pakistan Stock Exchange (PSX), the company plans to shut down production from September 28, 2023, until October 9, 2023, inclusive.
This closure follows a series of shutdowns earlier in the year. The company previously closed its production plant from August 25, 2023, to September 6, 2023, citing low demand and inventory levels as the reasons for the decision.
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Furthermore, Indus Motor Company Limited temporarily halted production from July 21, 2023, to August 3, 2023, due to ongoing challenges related to the import of raw materials and clearance issues with certain foreign vendors. These challenges disrupted the company’s supply chain, resulting in insufficient inventory levels to sustain production.
Similar supply chain issues and import hurdles led to the closure of the production plant from June 26, 2023, to June 27, 2023.
The decision to once again suspend production reflects the ongoing difficulties faced by the company and its vendors in maintaining a stable supply chain for vehicle manufacturing. The temporary closure is intended to align production with current inventory levels and market demand.
