Toyota Indus To Completely Shut Down Its Operations

Toyota Indus Motors Pakistan has shared some terrible news. The biggest manufacturer of vehicles in Pakistan has announced they will shut their production down for some days. The company is set to close its doors and halt production for a total of 10 days.

There will be no manufacturing done in these 10 days and all its work will be shut down completely. The company communicated this terrible news via all of its official and formal channels. While the news is troubling, the shareholders and fans were expecting the news considering the current economic conditions of the country.

Toyota Indus Shuts Down Production

Toyota Indus communicated to all of its traders and vendors that it will be halting all production from the 20^th of December till the 30^th of December. An official letter was issued that the State Bank of Pakistan in which Indus Motor Pvt. Ltd. has made it necessary for the car manufacturers to get prior approval for all of their imports of their Complete Knock Down (CDK) kits and all of the parts for their passenger cars.

The addition of this new approval has made acquiring imported auto parts as well as CKD kits has made the process too complicated and time-consuming. The approval was delayed which has led to a delay in the acquisition of the consignments of all the raw materials.

All of these changes and delays have created a deficiency in the inventory for Toyota Indus motors. The company is not able to produce any more vehicles and parts, which is why there is a delay in the supply chain. This is why Toyota Indus, also known as Indus Motors Pakistan has to halt all products and operations for the remainder of the year.

The new regulations from the State Bank of Pakistan seem to be behind this inevitable loss and also at the end of the year. It is still unclear how this halt in production and manufacturing will affect the pre-bookings that were meant to be fulfilled in these 10 days by the customers.

The company will remain shut down from 20^th December to 30^th December, regardless of the issues and their consequences.