Indus Motor shuts down plant for the month of September
The Indus Motor Company (IMC) has decided to shut down production for the month of September due to low demand, on Friday.
According to a report in Dawn, the total of NPDs (Non Production Days) this month will reach 15. A Toyota official claimed that they had already observed eight NPDs in July and 11-12 in August.
Claiming that ‘half of the month was off’, the official told Dawn that the federal excise duty (FED) leveled on various engine capacity cars, the skyrocketing prices of the cars owing to the rupee-dollar parity and high interest rates had made their cars too costly.
A dip in the sale of Toyota cars was observed from 5,308 units and 3,708 units respectively in July-August from 8,804 and 8,770 units in same period last fiscal year.
“Production and sales of Toyota Fortuner came down to 232 units and 162 units from 484 units and 424 units, a drop of 52pc and 62pc respectively,” according to the report in Dawn.