Are Toyota’s Days Numbered in Pakistan?

Toyota Indus Motor Company (IMC) is planning to halt production in Pakistan for an extended period due to difficulties in complete knockdown (CKD) kit imports and plummeting local currency value vs US Dollar.

Are Toyota’s Days Numbered in Pakistan

The company had previously announced non-production days (NPDs) to cope with slow CKD imports. However, recent reports suggest that Toyota IMC will be seizing production for a significant duration, without mentioning the exact number of days. They also add that IMC will refund customers who had booked cars. Toyota IMC CEO Ali Asghar Jamali corroborated this report by Profit stating Toyota IMC’s situation has prompted rumors that its days might be numbered in Pakistan.

ProPakistani reached out to an industry expert, who stated that these rumors are completely false. He said that the company is looking to clear the backlogged orders in the interim and start fresh soon. Toyota IMC’s situation has prompted rumors that its days might be numbered in Pakistan. ProPakistani reached out to an industry expert, who stated that these rumors are completely false. He said that the company is looking to clear the backlogged orders in the interim and start fresh soon. Once the crisis subsides, Toyota (IMC) will return to its regular operating schedule. Toyota has been facing production issues across the globe. Most of its problems in Japan are due to natural calamities, the resurgence of COVID-19, and the chip shortage, which hampered its exports. Although Toyota IMC does not import its CKDs directly from Japan, the chip shortage and other logistical issues have impacted its vehicle assembling operations. Toyota’s sales are likely to take a massive hit as the automaker continues to struggle in Pakistan and several other markets.

Source: This news is originally published by propakistani