indu - - Company - Business Recorder

Business & Finance

Indus Motor Company announces another plant shutdown

Indus Motor Company (IMC), the assembler of Toyota vehicles in Pakistan, has once again announced that it will shut...

Published 27 Sep, 2023 04:22pm

Business & Finance

Pakistan’s car sales jump 49% MoM in August

Car sales in Pakistan witnessed an increase of 49% on a month-on-month (MoM) basis in August 2023, clocking in at...

Published 11 Sep, 2023 08:37pm

BR Research

Ode to localization?

Sometime last week when Indus Motors (PSX: INDU) submitted its financial statements to the PSX, BR Research...

Published 08 Sep, 2023 08:40am

Business & Finance

Import of used cars crippling local auto industry: IMC chief

LAHORE: Chief Executive Indus Motor Company (IMC), Ali Asghar Jamali has lamented that total used car imports have...

Published 07 Sep, 2023 06:21am

Business & Finance

Indus Motor counting on its hybrid Corolla Cross as petrol prices hit record high

KARACHI: Indus Motor Company, the maker of Toyota-brand vehicles in Pakistan, is betting on its upcoming hybrid car,...

Updated 30 Aug, 2023 08:03pm

BR Research

Indus Motors: Fortune favours the bold

Exactly one year ago in August, Indus Motors (PSX: INDU) had reduced prices for all locally assembled models in the...

Published 30 Aug, 2023 06:35am

Business & Finance

Indus Motor Company’s profit falls 39% YoY to Rs9.66bn in FY23

Company declares final cash dividend of Rs29 per share

Updated 28 Aug, 2023 10:10pm

Business & Finance

Indus Motor Company again announces 12-day plant shutdown

Indus Motor Company, the assembler of Toyota automobiles in Pakistan, has decided to shut production from August 25,...

Published 24 Aug, 2023 04:02pm

Business & Finance

First month of FY24: Car sales down 57% YoY as rising prices suppress demand

Pakistan Automotive Manufacturers Association says only 5,092 units were sold in July

Published 11 Aug, 2023 10:36pm

Business & Finance

Indus Motor announces another plant shutdown

Indus Motor Company (IMC), the assembler of Toyota vehicles in Pakistan, has once again announced that it will shut...

Published 20 Jul, 2023 09:42pm

Perspectives

Indus Motor Company and its export: Pakistan needs to do a lot more

The responsibility lays with the govt to ensure Pakistan's long-term interests are kept in mind

Updated 20 Jul, 2023 08:58pm

Business & Finance

Fiscal year 2022-23: car sales drop 56% due to high prices, low purchasing power

Automobile firms sell 126,879 cars in previous fiscal year

Published 11 Jul, 2023 09:33pm

Business & Finance

Pakistan’s Indus Motor Company starts exports to Toyota Egypt: CEO

Agreement signed, Ali Asghar Jamali says 'too early' to deem it turning point for struggling auto sector

Updated 11 Jul, 2023 06:52pm

Business & Finance

Pakistan’s Toyota assembler shuts production plant yet again

This is Indus Motor’s fifth announcement of production closure this year

Published 23 Jun, 2023 05:18pm

Pakistan

A day after company delegation meets PM, Indus Motor announces 1-week plant shutdown

Cites insufficient inventory levels to maintain production in notice to PSX on Friday

Updated 02 Jun, 2023 07:34pm

IMC team meets PM to showcase first locally-made Toyota Corolla Cross HEV

ISLAMABAD: A delegation from Indus Motor Company, led by Vice Chairman Shinji Yanagi and Chief Executive Ali Asghar...

Updated 02 Jun, 2023 12:42pm

Pakistan

MSCI removes Bank Alfalah, EPCL & Indus Motor from Small Cap Indexes

MSCI Inc, a leading provider of decision support tools and services for the global investment community, in its...

Updated 12 May, 2023 07:20pm

Business & Finance

Indus Motor Company to launch locally-assembled Hybrd Electric Vehicle next year

Top officials disclose development in corporate briefing

Published 06 May, 2023 03:37pm

BR Research

INDU: Hanging on

Another PSX announcement informing two more days of plant closures will make it Indus Motors’ (PSX: INDU) third...

Published 03 May, 2023 08:43am

Business & Finance

Indus Motor Company announces another plant shutdown

Indus Motor Company (IMC), the assembler of Toyota vehicles in Pakistan, has once again decided to shut production...

Updated 28 Apr, 2023 05:27pm

Markets

Indus Motor Company reports profit of Rs3.22bn for Jan-Mar, 37% lower YoY

However, on a quarter-to-quarter basis, company's earnings post substantial increase

Updated 26 Apr, 2023 06:01pm

Business & Finance

Pak Suzuki jacks up its car prices for a fourth time in 2023

Its cheapest model, the Alto VX, is now priced at Rs2.251mn, while its high-end Swift variant is now at Rs4.96mn

Published 05 Apr, 2023 04:54pm

Business & Finance

Import restrictions: Indus Motor suspends production again

This is Indus Motor’s second announcement of production closure this year

Updated 24 Mar, 2023 04:36pm

Markets

Indus Motor Company jacks up Toyota car prices yet again

Cheapest variant of Yaris priced at Rs4.499 million

Updated 11 Mar, 2023 08:33pm

BR Research

INDU: The more things change

Nothing, least of all a mega economic crisis, seems to really faze a company like Indus Motors (PSX: INDU). The...

Published 16 Feb, 2023 09:33am

BR Research

Indus Motors Company Limited

Indus Motors Company Limited (PSX: INDU) was incorporated in Pakistan in 1989 as a joint venture between some...

Published 16 Feb, 2023 09:22am

Business & Finance

Indus Motor raises Toyota car prices for a third time in 2023

Hike goes as high as Rs890,000

Updated 14 Feb, 2023 07:31pm

Markets

Indus Motor after-tax income plunges 72% in Q2 FY23

Profit After Tax fell from Rs4.75 billion in 2QFY22 to Rs1.33 billion. Also announces interim cash dividend of Rs10.2/share

Published 13 Feb, 2023 01:06pm

Business & Finance

Indus Motor to shut down plant for two weeks

Company cites inventory shortage as reason for shutting down plant from Feb 1-14

Published 31 Jan, 2023 02:41pm

Markets

In 2 weeks: Indus Motor increases Toyota car prices again as rupee's fall bites

Hikes rates by as much as Rs1.16 million, says economic uncertainties and extreme volatility in rupee value has impacted cost of manufacturing

Updated 28 Jan, 2023 03:29pm

Business & Finance

After Toyota and Honda, Pak Suzuki also jacks up car prices in Pakistan

Following the recent announcements by Indus Motor Company and Honda Atlas, Pak Suzuki Motor Company (PSMC) has also...

Published 24 Jan, 2023 08:34pm

Business & Finance

Honda Atlas raises car prices by up to Rs550,000

Cites inflation, exchange rate volatility as reasons behind increase

Published 23 Jan, 2023 08:09pm

Business & Finance

Indus Motor Company increases car prices across entire lineup

Says due to economic uncertainties and inflation in raw material cost, the vendor cost of production has significantly increased

Updated 13 Jan, 2023 02:38pm

Business & Finance

December: Car sales fall 38% year-on-year owing to import restrictions

Experts see bumpy first half of 2023 for Pakistan’s auto sector

Published 11 Jan, 2023 08:09pm

Pakistan

Bleak times ahead for Pakistan’s manufacturing sector

Expert says temporary shutdown seems to be the only available option at the moment

Updated 04 Jan, 2023 04:40pm

BR Research

Autos: Supply slide

Indus Motors (PSX: INDU) announced last week that while the company is shutting down production operations...

Published 27 Dec, 2022 09:31am

Business & Finance

'Inventory shortage': Pak Suzuki announces temporary shutdown of automobile, motorcycle plants

Pak Suzuki Motor Company (PSMC) on Monday announced the temporary shutdown of its plant for automobiles and...

Updated 26 Dec, 2022 07:19pm

Business & Finance

IMC says there will be no layoffs

KARACHI: Owing to the continuing LC restrictions imposed by the State Bank of Pakistan and the consequent shut down...

Published 23 Dec, 2022 05:54am

Business & Finance

‘Unable to continue production’: Indus Motor latest to announce temporary plant shutdown

Company shares development in PSX notice

Updated 19 Dec, 2022 08:47pm

BR Research

Indus Motor Company

Background: Indus Motor Company Limited (PSX: INDU) was incorporated in 1989 through a joint venture agreement...

Published 07 Dec, 2022 08:50am

Business & Finance

Indus Motor Company increases prices of some Toyota vehicles

Rates revised by up to Rs700,000

Published 17 Nov, 2022 07:30pm

Business & Finance

SBP restrictions, rupee devaluation hitting auto sector: Indus Motor Company

Says demand has declined due to economic downturn

Updated 09 Nov, 2022 08:20pm

BR Research

INDU: It’s not over

It seems too easy to be Indus Motors (PSX: INDU). After revenues dropped 43 percent during 1QFY23, and the company...

Published 03 Nov, 2022 07:58am

Business & Finance

Indus Motor vows to launch Corolla Cross in Pakistan next year

Despite headwinds facing auto sector, Indus Motor Company CEO says locally-assembled hybrid vehicle will be introduced

Published 17 Oct, 2022 05:44pm

Business & Finance

Auto sector not to blame for rising current account deficit: IMC CEO

Ali Asghar Jamali says share of auto sector in import bill stands at mere 3%

Published 12 Oct, 2022 08:09pm

BR Research

INDU: No regrets

Never running out of style, it would seem, Indus Motors (PSX: INDU) bragged an unapologetic earnings growth of 23...

Published 31 Aug, 2022 08:38am

Business & Finance

Indus Motor Company again announces shutdown of plant from Sep 1 to Sep 16

In a separate notice, Millat Tractors also says it will keep its production operations closed from Wednesday, August 31, 2022, till September 16, 2022

Updated 30 Aug, 2022 08:31pm

Business & Finance

Tracking rupee's movement, Indus Motor Company reduces car prices

Company says rupee's appreciation has made it possible to pass on favourable impact to customers

Updated 16 Aug, 2022 01:28am

Business & Finance

Indus Motor Company massively increases car prices across entire lineup

Hikes rates by as much as Rs3.16mn due to rupee depreciation, imposition of taxes

Updated 29 Jul, 2022 11:39pm

Pakistan

Indus Motor Company announces temporary shutdown of plant from Aug 1

Company says insufficient inventory levels to maintain further production forcing it towards temporary production shutdown
Plant to stay closed till August 13, 2022

Updated 29 Jul, 2022 11:52am

Pakistan

Facing production issues, Indus Motor Company offers refunds to its customers

CEO Ali Asghar Jamali says entire auto industry has scaled back production

Published 25 Jul, 2022 05:54pm

Business & Finance

Auto industry likely to shrink over 30% in FY23: company study

Decrease likely due to high interest rates, inflation, fuel costs, rupee depreciation

Updated 29 Jun, 2022 09:13pm

Business & Finance

Delayed deliveries, high ‘own-money’ are every car buyer’s bane in Pakistan

Fahad Ahmed, a businessman, wanted to buy a new vehicle, and instantly faced two options – pay ‘own-money’ for...

Published 07 Jun, 2022 11:30pm

Business & Finance

Auto sales to increase in May, but a slowdown is right around the corner in Pakistan

JS Research says number for May likely to clock in at 22,700 units

Updated 07 Jun, 2022 09:04pm

BR Research

INDU: Safe passage

A few months ago, management at Indus Motors (PSX: INDU) believed demand within the automobile industry would...

Published 26 May, 2022 08:30am

Markets

MSCI adds OGDC into Frontier Markets Index, HBL moves to Small Cap

Pakistan has an estimated weight of ~1% in MSCI FM Index

Updated 13 May, 2022 05:47pm

Business & Finance

Indus Motor Company hikes Toyota car prices, 2nd time in 5 weeks

Sudden devaluation of rupee has compelled us to pass on some impact to the market, says company in letter to its dealers

Updated 30 Apr, 2022 05:06pm

Business & Finance

Indus Motor Company suspends bookings of all Toyota vehicles in Pakistan

Says currency volatility reason behind decision

Published 08 Apr, 2022 01:16am

Business & Finance

After IMC and Honda, Pak Suzuki jacks up car prices

Newly-launched Swift variant, the GLX-CVT, sees hike of Rs270,000

Published 02 Apr, 2022 12:07pm

Business & Finance

Indus Motor jacks up Toyota car prices by as much as Rs1.257mn

Currency devaluation and freight charges cited as reasons
Product-wise prices listed below

Published 23 Mar, 2022 03:21pm

BR Research

Autos on auto-pilot

Management at Indus Motors (PSX: INDU), the assembler that sells Toyota vehicles in Pakistan believes that...

Published 18 Mar, 2022 08:07am

Markets

Toyota Pakistan increases prices on its entire lineup

Indus Motor Company (IMC) CEO confirms price-hike

Updated 10 Nov, 2021 06:55pm

Business & Finance

Hybrid electric vehicles: Indus Motor Company announces $100mn investment for local production

Amount will be invested over a period of three years, says the company in its filing to the Pakistan Stock Exchange

Updated 08 Sep, 2021 09:55pm

BR Research

INDU on the high lane

Indus Motors (PSX: INDU) could not have done better this year, emerging triumphant in the midst of a pandemic and...

Published 30 Aug, 2021 07:40am

BR Research

INDU: Profits in a pandemic!

Indus Motor (PSX: INDU) is no longer in lockdown—whether it is from the government instated shutters-down on...

Published 30 Apr, 2021 07:35am

BR Research

Indus Motors in high spirits

After a sobering FY20, Indus Motors (PSX: INDU) is reverting to its past glories by recording a healthy growth in ...

Published 01 Mar, 2021 07:35am

Business & Finance

Walmart partners with GM's Cruise on self-driving delivery pilot in AZ

Walmart previously has partnered with tech startups Flytrex, Nuro and Gatik on pilot delivery programs with self-driving vehicles in several US locations.
Backed by Honda Motor Co, SoftBank Group and T. Rowe Price Cruise told Reuters in an email it is "laser-focused on making this first pilot successful with Walmart.

Updated 10 Nov, 2020 09:06pm

BR Research

Indus Motors: Re-beginnings

Indus Motors (PSX: INDU) is expected to double volumetric sales in the four months ending FY21 against last year. In...

Published 09 Nov, 2020 08:36am

Gainers
Losers
Leaders

Stock	Price
SME Leasing Ltd / Oct 3 SME Leasing Limited(SLL)	2.24 ▲ 0.47 (26.55%)
Hala Enterprise / Oct 3 Hala Enterprises Limited(HAEL)	8.99 ▲ 1.00 (12.52%)
Habib Ins. / Oct 3 Habib Insurance Company Limited(HICL)	5.05 ▲ 0.54 (11.97%)
Bank of Khyber / Oct 3 The Bank of Khyber(BOK)	11.92 ▲ 0.92 (8.36%)
Merit Packaging / Oct 3 Merit Packaging Limited(MERIT)	7.84 ▲ 0.59 (8.14%)
Engro Powergen / Oct 3 Engro Powergen Qadirpur Limited(EPQL)	25.02 ▲ 1.75 (7.52%)
Masood Textile / Oct 3 Masood Textile Mills Limited(MSOT)	41.82 ▲ 2.92 (7.51%)
United Dist. / Oct 3 United Distributors Pakistan Limited(UDPL)	34.06 ▲ 2.38 (7.51%)
First Tri-Star Mod. / Oct 3 First Tri-Star Modaraba(FTSM)	17.20 ▲ 1.20 (7.50%)
K.S.B.Pumps / Oct 3 KSB Pumps Company Limited(KSBP)	99.13 ▲ 6.92 (7.50%)

Stock	Price
Punjab Mod / Oct 3 First Punjab Modaraba(FPJM)	1.40 ▼ -0.39 (-21.79%)
Grays Leasing / Oct 3 Grays Leasing Limited(GRYL)	3.40 ▼ -0.70 (-17.07%)
First Elite Cap.Mod / Oct 3 First Elite Capital Modaraba(FECM)	2.71 ▼ -0.49 (-15.31%)
Next Capital / Oct 3 Next Capital Limited(NEXT)	4.14 ▼ -0.55 (-11.73%)
Aisha Steel(ConPS) / Oct 3 Aisha Steel(ConPS)(ASLPS)	8.17 ▼ -1.00 (-10.91%)
Leather Up Ltd. / Oct 3 Leather Up Limited(LEUL)	10.71 ▼ -0.98 (-8.38%)
Unicap Modaraba / Oct 3 Unicap Modaraba(UCAPM)	1.36 ▼ -0.12 (-8.11%)
Hussain Industries / Oct 3 Husein Industries Limited(HUSI)	15.40 ▼ -1.25 (-7.51%)
Mehmood Tex / Oct 3 Mehmood Textile Mills Limited(MEHT)	518 ▼ -42.00 (-7.50%)
Premier Sugar / Oct 3 The Premier Sugar Mills(PMRS)	521.37 ▼ -42.27 (-7.50%)

Stock	Volume
WorldCall Telecom / Oct 3 Worldcall Telecom Limited(WTL)	60,699,741 ▲ 0.01
Cnergyico PK / Oct 3 Cnergyico PK Limited(CNERGY)	18,949,237 ▲ 0.14
Oil & Gas Dev. / Oct 3 Oil & Gas Development Company Limited(OGDC)	17,023,821 ▼ -1.11
Unity Foods Ltd / Oct 3 Unity Foods Limited(UNITY)	8,518,496 ▼ -0.64
Bankislami Pak. / Oct 3 BankIslami Pakistan Limited(BIPL)	6,619,948 ▼ -0.06
Pak Petroleum / Oct 3 Pakistan Petroleum Limited(PPL)	6,591,768 ▼ -0.41
K-Electric Ltd. / Oct 3 K-Electric Limited(KEL)	6,049,235 ▲ 0.05
First Prudential Mod. / Oct 3 First Prudential Modaraba(PMI)	5,527,500 ▼ -0.08
Pak Refinery / Oct 3 Pakistan Refinery Limited(PRL)	5,279,550 ▲ 0.11
Fauji Foods Ltd / Oct 3 Fauji Foods Limited(FFL)	4,965,711 ▲ 0.15

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 3	286.04
USD PKR Interbank Buying / Oct 3	285.64
USD to Japanese Yen / Oct 3	149.79
USD to Swiss Franc / Oct 3	0.92
Pound Sterling to USD / Oct 3	1.21
Euro to USD / Oct 3	1.05
UK LIBOR % / Sep 28	5.43

Stock	Volume
S&P 500 / Oct 2	4288.39
India Sensex / Oct 2	65828.41
Nasdaq / Oct 2	13307.77
Dow Jones / Oct 2	33433.35
Tokyo Nikkei / Oct 3	31237.94
Hang Seng / Oct 3	17295.97
FTSE 100 / Oct 3	7509.27
Germany DAX 30 / Oct 3	15210.01
France CAC40 / Oct 3	7048.41

Item	Value
Karachi Cotton PKR/37.32 KG / Oct 2	18235
Gold 10 Grams PKR / Oct 2	173610
Crude Oil USD/Barrel / Oct 3	88.49
Gold Spot USD/Ounce / Oct 3	1827.91
Cotton US¢/pound / Oct 3	87.52

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