Toyota Indus
{{Short description|Pakistani automobile manufacturer}}
{{Use Pakistani English|date=May 2019}}
{{Use dmy dates|date=May 2019}}
{{Infobox company
| name = Indus Motor Company Ltd.
| logo = Toyota.svg
| type = Public
| traded_as = {{unbulleted list
| {{Karachi Stock Exchange|INDU}}
| KSE 100 component
}}
| industry = Automotive
| foundation = 1 July 1990
| location = Port Qasim
| hq_location_city = Karachi
| hq_location_country = Pakistan
| area_served = {{unbulleted list
| Pakistan
| Egypt
}}
| key_people = {{unbulleted list
| Mohamedali R. Habib (chairman)
| Ali Asghar Jamali (CEO)
| Shinji Yanagi (director & vice chairman)
}}
| products = Automobiles
| revenue = {{loss}} {{PKRConvert|152.5|b}}
| revenue_year = 2024
| operating_income = {{gain}} {{PKRConvert|23.3|b}}
| income_year = 2024
| net_income = {{gain}} {{PKRConvert|15.1|b}}
| net_income_year = 2024
| assets = {{gain}} {{PKRConvert|145.8|b}}
| assets_year = 2024
| equity = {{gain}} {{PKRConvert|67.2|b}}
| equity_year = 2024
| num_employees = 2,579
| num_employees_year = 2024
| owner = {{unbulleted list
| Overseas Pakistan Investors AG (44%)
| Toyota Motor Corporation (31.8%)
| Toyota Tsusho Corporation (16%)
| Thal Limited (6.25%)
}}
| parent = {{unbulleted list
}}
| website = {{URL|toyota-indus.com}}
}}
Indus Motor Company Limited, 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.[https://www.forbes.com/lists/2007/24/markets_07bub_Indus-Motor_5INL.html Profile of Indus Motors Company] Forbes.com website, Published 27 September 2007, Retrieved 23 April 2020[https://fp.brecorder.com/2017/03/20170314153932/ Profile of Indus Motors Company] Business Recorder (newspaper), Published 14 March 2017, Retrieved 23 April 2020{{cite web |title=Company Profile - Toyota Indus |url=http://www.toyota-indus.com/corporate/ |access-date=2024-10-10 |website=Indus Motor Company}}
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 {{convert|109.5|acre|km2}} manufacturing plant at Port Qasim Industrial Zone, outside Karachi.{{Cite web |title=CORPORATE – Toyota Indus |url=https://toyota-indus.com/corporate/ |access-date=2023-10-23 |language=en-US}}
History
Indus Motor Company was incorporated as a public limited company in December 1989 and was listed on the Karachi Stock Exchange in 1992.{{Cite web |url=https://www.khistocks.com/market-live/companies-live/detailed-view/INDU.html |title=Indus Motor Company}} The company started its commercial operations in March 1993.
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.{{Cite web|url=https://www.daihatsu.com/news/2000/00032901.html|title=Cuore Production Under Way in Pakistan|website=DAIHATSU Global Website}}
In 2008, Toyota acquired 9.83 million shares from Overseas Investors AG and general public at the price of {{PKRConvert|370|link=yes|year=2008}} per share.{{cite news |url=https://www.dawn.com/news/300279 |title=Toyota to acquire 9.8m more shares in Indus Motors |work=Dawn |location=Pakistan |date=29 April 2008 |access-date=12 October 2019}}
In January 2012, the company halted production of the L500 series Daihatsu Cuore in Pakistan.{{Cite web|url=http://tribune.com.pk/story/358784/indus-motor-pulls-the-plug-on-coure|title=Indus Motor pulls the plug on Coure|date=2 April 2012|website=The Express Tribune}}
Former Chairman of Indus Motor Company Ltd, Ali Suleman Habib died on 18 April 2020.{{Cite web|title=Ali Habib, prominent businessman and chairman of Indus Motors, passes away in Karachi|url=https://www.dawn.com/news/1550054|last=Dawn.com|date=2020-04-18|website=DAWN.COM|language=en|access-date=2020-05-28}}
Operations
In May 2023, Toyota Indus announced that the Corolla Cross Hybrid would be locally assembled in Pakistan.{{Cite web |date=2023-05-06 |title=Indus Motor Company to launch locally-assembled Hybrd Electric Vehicle next year |url=https://www.brecorder.com/news/40240652 |access-date=2024-10-10 |website=Brecorder |language=en}}
Toyota Indus started exporting automotive parts to Toyota Egypt in July 2023.{{Cite web |last=Hussain |first=Bilal |date=2023-07-11 |title=Pakistan's Indus Motor Company starts exports to Toyota Egypt: CEO |url=https://www.brecorder.com/news/40252013 |access-date=2023-10-23 |website=Brecorder |language=en}}
After an investment of over $100 million, the company inaugurated its hybrid electric vehicle assembly line on 6 December, 2023.{{cite web|url=https://profit.pakistantoday.com.pk/2023/12/06/indus-motor-company-inaugurates-its-hybrid-electric-vehicle-assembly-line/|title=Indus Motor Company inaugurates its hybrid electric vehicle assembly line|date=6 December 2023|access-date=20 December 2023}} 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.{{cite web|url=https://carspiritpk.com/locally-assembled-toyota-corolla-cross-rolls-off-the-assembly-lines/|title=Locally Assembled Toyota Corolla Cross Rolls Off the Assembly Lines|date=7 December 2023|access-date=20 December 2023}}
In August 2024, Toyota Indus began exporting Corolla Cross, Hilux and Fortuner models to Oceanian countries.{{Cite web |last=Attarwala |first=Fatima S. |date=2024-08-01 |title=Indus Motor Company begins export of vehicles |url=https://www.dawn.com/news/1849304 |access-date=2024-10-10 |website=DAWN.COM |language=en}}
Financial performance
class="wikitable"
|+Indus Motor Company financial performance !Year ended !Revenue (PKR million) !Operating income (PKR million) !Net income (PKR million) !Total assets (PKR million) !Total equity (PKR million) |
30 June 2010
| align=right|{{increase}}60,093 | align=right|{{increase}}5,386 | align=right|{{increase}}3,443 | align=right|{{increase}}27,138 | align=right|{{increase}}12,588 |
30 June 2011
| align=right|{{increase}}61,703 | align=right|{{decrease}}4,088 | align=right|{{decrease}}2,743 | align=right|{{decrease}}26,835 | align=right|{{increase}}14,120 |
30 June 2012
| align=right|{{increase}}76,963 | align=right|{{increase}}6,374 | align=right|{{increase}}4,303 | align=right|{{increase}}27,576 | align=right|{{increase}}17,014 |
30 June 2013
| align=right|{{decrease}}63,829 | align=right|{{decrease}}5,000 | align=right|{{decrease}}3,358 | align=right|{{decrease}}25,106 | align=right|{{increase}}17,693 |
30 June 2014{{Cite web |date=30 June 2014 |title=Indus Motor Company Ltd - 2014 Annual Report |url=https://toyota-indus.com/wp-content/uploads/2022/08/annual-report-2014-1.pdf |access-date=23 October 2023 |website=Indus Motor Company}}
| align=right|{{decrease}}57,064 | align=right|{{increase}}5,055 | align=right|{{increase}}3,873 | align=right|{{increase}}26,111 | align=right|{{increase}}19,916 |
30 June 2015{{Cite web |date=30 June 2015 |title=Indus Motor Company Ltd - 2015 Annual Report |url=https://toyota-indus.com/wp-content/uploads/2022/08/Indus-Motor_AR_2015.pdf |access-date=23 October 2023 |website=Indus Motor Company}}
| align=right|{{increase}}96,516 | align=right|{{increase}}14,184 | align=right|{{increase}}9,110 | align=right|{{increase}}50,399 | align=right|{{increase}}24,036 |
30 June 2016{{Cite web |date=30 June 2016 |title=Indus Motor Company Ltd - 2016 Annual Report |url=https://toyota-indus.com/wp-content/uploads/2022/08/Annual-Report-2016.pdf |access-date=23 October 2023 |website=Indus Motor Company}}
| align=right|{{increase}}108,759 | align=right|{{increase}}17,397 | align=right|{{increase}}11,455 | align=right|{{increase}}57,537 | align=right|{{increase}}27,630 |
30 June 2017{{Cite web |date=30 June 2017 |title=Indus Motor Company Ltd - 2017 Annual Report |url=https://toyota-indus.com/wp-content/uploads/2022/08/Annual-Report-2017_compressed.pdf |access-date=23 October 2023 |website=Indus Motor Company}}
| align=right|{{increase}}112,272 | align=right|{{increase}}19,141 | align=right|{{increase}}13,001 | align=right|{{increase}}63,880 | align=right|{{increase}}31,197 |
30 June 2018{{Cite web |date=30 June 2018 |title=Indus Motor Company Ltd - 2018 Annual Report |url=https://toyota-indus.com/wp-content/uploads/2022/08/Final-Annual-Report-2018-compressed.pdf |access-date=23 October 2023 |website=Indus Motor Company}}
| align=right|{{increase}}140,208 | align=right|{{increase}}22,999 | align=right|{{increase}}15,772 | align=right|{{increase}}81,927 | align=right|{{increase}}36,744 |
30 June 2019{{Cite web |date=30 June 2019 |title=Indus Motor Company Ltd - 2019 Annual Report |url=https://toyota-indus.com/wp-content/uploads/2022/08/Final-Annual-Report-2019.pdf |access-date=23 October 2023 |website=Indus Motor Company}}
| align=right|{{increase}}157,996 | align=right|{{decrease}}18,976 | align=right|{{decrease}}13,715 | align=right|{{decrease}}64,783 | align=right|{{increase}}40,045 |
30 June 2020{{Cite web |date=30 June 2020 |title=Indus Motor Company Ltd - 2020 Annual Report |url=https://toyota-indus.com/wp-content/uploads/2022/08/Final-Toyota-AR-2020.pdf |access-date=23 October 2023 |website=Indus Motor Company}}
| align=right|{{decrease}}86,167 | align=right|{{decrease}}7,287 | align=right|{{decrease}}5,082 | align=right|{{increase}}80,279 | align=right|{{increase}}41,169 |
30 June 2021{{Cite web |date=30 June 2021 |title=Indus Motor Company Ltd - 2021 Annual Report |url=https://toyota-indus.com/wp-content/uploads/2022/08/Annual-Report-2021-IMC.pdf |access-date=23 October 2023 |website=Indus Motor Company}}
| align=right|{{increase}}179,162 | align=right|{{increase}}18,199 | align=right|{{increase}}12,828 | align=right|{{increase}}133,906 | align=right|{{increase}}48,201 |
30 June 2022{{Cite web |date=30 June 2022 |title=Indus Motor Company Ltd - 2022 Annual Report |url=https://toyota-indus.com/wp-content/uploads/2022/11/Toyota-AR-2022.pdf |access-date=23 October 2023 |website=Indus Motor Company}}
| align=right|{{increase}}275,506 | align=right|{{increase}}25,453 | align=right|{{increase}}15,802 | align=right|{{increase}}213,965 | align=right|{{increase}}54,011 |
30 June 2023{{Cite web |date=30 June 2023 |title=Indus Motor Company Ltd - 2023 Annual Report |url=https://toyota-indus.com/wp-content/uploads/2023/10/IMC-AR-FOR-WEB_1_11zon.pdf |access-date=23 October 2023 |website=Indus Motor Company}}
| align=right|{{decrease}}177,711 | align=right|{{decrease}}16,797 | align=right|{{decrease}}9,554 | align=right|{{decrease}}122,764 | align=right|{{increase}}60,070 |
30 June 2024{{Cite web |date=2024-09-01 |title=Indus Motor Company Ltd - 2024 Annual Report |url=https://toyota-indus.com/wp-content/uploads/2024/09/IMC-AR-2024-1-compressed-1.pdf |access-date=2024-10-10 |website=Indus Motor Company}}
| align=right|{{decrease}}152,481 | align=right|{{increase}}23,327 | align=right|{{increase}}15,072 | align=right|{{increase}}145,820 | align=right|{{increase}}67,226 |
Products
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.
= Locally assembled =
- Toyota Vios sold as the Toyota Yaris
- Toyota Corolla
- Toyota Corolla Cross
- Toyota Hilux
- Toyota Fortuner
- Daihatsu Cuore (discontinued)
= Imports =
See also
References
{{reflist}}
External links
- [http://www.toyota-indus.com/ Indus Motor Company Limited] {{Webarchive|url=https://web.archive.org/web/20220818113609/http://www.toyota-indus.com/ |date=18 August 2022 }}
- [https://www.forbes.com/lists/2007/24/markets_07bub_Indus-Motor_5INL.html Indus Motor on Asia's 200 Best Under A Billion 2007] (Forbes.com website)
- [http://www.toyota-global.com/ Toyota Global] {{in lang|en}}
{{House of Habib}}
{{Automotive industry in Pakistan}}
{{Toyota Motor Corporation}}
{{KSE 100}}
Category:Car manufacturers of Pakistan
Category:Bus manufacturers of Pakistan
Category:Manufacturing companies based in Karachi
Category:Vehicle manufacturing companies established in 1990
Category:Pakistani companies established in 1990
Category:Pakistani subsidiaries of foreign companies
Category:1992 initial public offerings
Category:Companies listed on the Pakistan Stock Exchange