Indus Motor Company (INDU), the manufacturer of Toyota vehicles in Pakistan, has announced a temporary suspension of operations at its production plant. This decision comes as a result of ongoing supply chain disruptions and a shortage of essential raw materials and components.
The suspension will last from October 29 to October 31, 2024. This is the second time in recent months that INDU has been forced to halt production due to supply chain issues.
The company cited low levels of raw material and component inventory as the primary reason for the temporary shutdown. The ongoing global supply chain challenges, exacerbated by economic instability in Pakistan, have made it difficult for INDU to secure the necessary parts and components for vehicle production.
This development is likely to further impact the already struggling automotive industry in Pakistan. The industry has been facing challenges due to high inflation, rising interest rates, and a depreciating currency.
INDU remains hopeful that the supply chain disruptions will be resolved soon, allowing the company to resume normal operations and meet the growing demand for Toyota vehicles in Pakistan.
