KARACHI – Indus Motor Company Limited (IMC), the assembler and distributor of Toyota vehicles in Pakistan, reported its financial results for the fiscal year ending June 30, 2024. Despite a 14% decline in net sales turnover to Rs152.48 billion due to lower sales volumes, the company achieved a 36% increase in profit after tax, reaching Rs15.07 billion. This growth was driven by reduced input costs, positive exchange rate movements, and increased localization of parts.
IMC’s key achievement was the launch of the locally assembled Toyota Corolla Cross, Pakistan’s first Hybrid Electric Vehicle (HEV), featuring the highest localized content. CEO Ali Asghar Jamali emphasized the company’s efforts to improve productivity and align with market demand, particularly through its focus on Hybrid Electric Vehicles.
IMC invested Rs4 billion in local parts development as part of the “Make in Pakistan” initiative, reinforcing its commitment to localization. The Board of Directors declared a final dividend of Rs43 per share, making the total annual dividend Rs114.70 per share.
Looking ahead, IMC remains optimistic about future growth, highlighting its commitment to sustainability, technological advancement, and supporting the country’s economic development through localized production
