Toyota Pakistan Indus Motors Company faces a big setback
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ISLAMABAD - Toyota Pakistan Indus Motors Company faces a big setback as it's production unit has been shut down in Pakistan.
Indus Motors Company (IMC) has stopped car manufacturing for half of September, that is a total of 15 days of non-productivity. An official at IMC is stated to have said “*half of the current month is off.*”
This isn’t the first time that the automobile giant had to shut off its production cycle, according to an un-named official at IMC, the company has faced similar situation back in July with 8 days of Non-Production as well as 11 to 12 days of drought in August.
Apparently, there are several reasons to account for these droughts in production; from the imposition of the Federal Exercise Duty and the devaluation of the rupee, custom duty has also increased on various car parts. This has caused car prices to spike up to an extreme level of unaffordability by many.
According to sources, the IMC plant and countrywide dealership network has seen a decrease in purchase which has resulted in Toyota Cars piling up, numbering up to *3000*. For the month of September the Toyota Plant has been operating at a *50%* capacity.
