Company type | Public ( Joint venture) |
---|---|
PSX: INDU | |
Industry | Automotive |
Founded | 1 July 1990 |
Headquarters |
Port Qasim, , Pakistan |
Area served | |
Key people |
|
Products | Automobiles |
Revenue | Rs. 177.7 billion (US$620 million) (2023) |
Rs. 16.9 billion (US$59 million) (2023) | |
Rs. 9.5 billion (US$33 million) (2023) | |
Total assets | Rs. 122.7 billion (US$420 million) (2023) |
Total equity | Rs. 60.1 billion (US$210 million) (2023) |
Number of employees | 3,129 (2023) |
Parent | Overseas Pakistan Investors AG (44%) Toyota Motor Corporation (31.8%) Toyota Tsusho Corporation (16%) Thal Limited (6.25%) General public (5.7%) |
Website |
www |
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 Motor Corporation. It is 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 109.5 acres (0.443 km2) manufacturing plant at Port Qasim Industrial Zone, outside Karachi. [4]
Indus Motor was incorporated as a public limited company in December 1989 and started commercial production in March 1993. Shares of the company are quoted on the Pakistan Stock Exchange. [2]
In March 2000, the company started production of the L500 series Daihatsu Mira in Pakistan which was locally sold as the Daihatsu Cuore and featured an 850-cc engine. [5]
In 2008, Toyota acquired 9.83 million shares from Overseas Investors AG and general public at the price of PRs. 370 per share. [6]
In January 2012, the company halted production of the L500 series Daihatsu Cuore in Pakistan. [7]
Former Chairman of Indus Motor Company Ltd, Ali Suleman Habib died on 18 April 2020. [8]
In May 2023, Toyota Indus announced that the Corolla Cross Hybrid would be locally assembled in Pakistan. [9]
Toyota Indus started exporting automotive parts to Toyota Egypt in July 2023. [10]
After an investment of over $100 million, the company inaugurated its hybrid electric vehicle assembly line on 6 December, 2023. [11] Following the inauguration of the assembly line, the company commenced the production of the Corolla Cross Hybrid, making it Toyota's first hybrid electric vehicle to be assembled in Pakistan. [12]
Year ended | Revenue (PKR million) | Operating income (PKR million) | Net income (PKR million) | Total assets (PKR million) | Total equity (PKR million) |
---|---|---|---|---|---|
30 June 2010 [13] | 60,093 | 5,386 | 3,443 | 27,138 | 12,588 |
30 June 2011 [13] | 61,703 | 4,088 | 2,743 | 26,835 | 14,120 |
30 June 2012 [13] | 76,963 | 6,374 | 4,303 | 27,576 | 17,014 |
30 June 2013 [13] | 63,829 | 5,000 | 3,358 | 25,106 | 17,693 |
30 June 2014 [13] | 57,064 | 5,055 | 3,873 | 26,111 | 19,916 |
30 June 2015 [14] | 96,516 | 14,184 | 9,110 | 50,399 | 24,036 |
30 June 2016 [15] | 108,759 | 17,397 | 11,455 | 57,537 | 27,630 |
30 June 2017 [16] | 112,272 | 19,141 | 13,001 | 63,880 | 31,197 |
30 June 2018 [17] | 140,208 | 22,999 | 15,772 | 81,927 | 36,744 |
30 June 2019 [18] | 157,996 | 18,976 | 13,715 | 64,783 | 40,045 |
30 June 2020 [19] | 86,167 | 7,287 | 5,082 | 80,279 | 41,169 |
30 June 2021 [20] | 179,162 | 18,199 | 12,828 | 133,906 | 48,201 |
30 June 2022 [21] | 275,506 | 25,453 | 15,802 | 213,965 | 54,011 |
30 June 2023 [22] | 177,711 | 16,797 | 9,554 | 122,764 | 60,070 |
Toyota Indus sells two different types of vehicles; complete knock-down kits ( CKD) which are locally assembled at their plant in Karachi and completely built units (CBU) which are imported from the Toyota plants in Japan or Thailand, depending on the vehicle.