Toyota Indus

From Wikipedia, the free encyclopedia

Indus Motor Company Ltd.
TypePublic (Joint venture)
PSX: INDU
IndustryAutomotive
Founded1 July 1990
HeadquartersKarachi, Pakistan
Key people
Mohamedali R. Habib (chairman), Mr Ali Asghar Jamali (CEO), Shinji Yanagi (director & vice chairman)
ProductsAutomobiles
RevenueIncrease ₨96.516 billion (US$600 million) (2015)
Increase ₨14.184 billion (US$89 million) (2015)
Increase ₨9.11 billion (US$57 million) (2015)
Total assetsIncrease ₨50.399 billion (US$310 million) (2015)
Total equityIncrease ₨24.036 billion (US$150 million) (2015)
Number of employees
3,349
ParentToyota Motor Corporation (25%)
Overseas Pakistan Investors AG (35%)
Toyota Tsusho Corporation (13%)
Thal Limited (6%)
General public (7%)
Websitewww.toyota-indus.com

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. It is a based in Karachi, Pakistan.

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 105 acres (0.42 km2) manufacturing plant at Port Bin Qasim Industrial Zone, outside Karachi.[4]

Indus Motor has employed 3,349 persons.[5]

History[]

Indus Motor was incorporated as a public limited company in December 1989 and started commercial production in May 1993. Shares of the company are quoted on the Pakistan Stock Exchange.[2]

In March 2000, the company started production of Daihatsu Cuore in Pakistan which was based on the domestic Mira and features an 850-cc engine.[6]

In 2008, Toyota acquired 9.83 million shares from Overseas Investors AG and general public at the price of ₨370 per share.[7]

In January 2012, the company halted Cuore production in Pakistan.[8]

Former Chairman of Indus Motor Company Ltd, Ali Suleman Habib died on 18 April 2020.[9]

Products[]

Cars[]

  • Toyota Yaris
  • Toyota Corolla[2][4]
  • Toyota Camry
  • Toyota Prius[4]

SUVs[]

  • Toyota Corolla Cross
  • Toyota Rush
  • Toyota Fortuner[2][4]
  • Toyota Prado
  • Toyota Land Cruiser

Pickups[]

  • Toyota Hilux Single Cabin[2]
  • Toyota Hilux E
  • Toyota Hilux Revo[2]

Buses & Vans[]

  • Toyota Hiace
  • Toyota Coaster

See also[]

References[]

  1. ^ Profile of Indus Motors Company Forbes.com website, Published 27 September 2007, Retrieved 23 April 2020
  2. ^ a b c d e f Profile of Indus Motors Company Business Recorder (newspaper), Published 14 March 2017, Retrieved 23 April 2020
  3. ^ Indus, Company. "Company Profile-Toyota Indus". Retrieved 3 May 2019.
  4. ^ a b c d "Indus Motor Company Limited". Business Recorder. Pakistan. 19 June 2014. Retrieved 3 May 2019.
  5. ^ "Company Profile". Toyota Indus. Retrieved 28 May 2020.
  6. ^ "Cuore Production Under Way in Pakistan". DAIHATSU Global Website.
  7. ^ "Toyota to acquire 9.8m more shares in Indus Motors". Dawn. Pakistan. 29 April 2008. Retrieved 12 October 2019.
  8. ^ "Indus Motor pulls the plug on Coure". The Express Tribune. 2 April 2012.
  9. ^ Dawn.com (18 April 2020). "Ali Habib, prominent businessman and chairman of Indus Motors, passes away in Karachi". DAWN.COM. Retrieved 28 May 2020.

External links[]

Retrieved from ""