Toyota Indus Motors officially informed the Pakistan Stock Exchange of this in a letter on Sept 28.


Islamabad: Indus Motors has announced to shut down production plant of Toyota cars temporarily from September 28 to October 9 on Thursday.
Toyota Indus Motors officially informed the Pakistan Stock Exchange of this in a letter on Sept 28.
The plant has been temporarily halted for 12 days due to the current raw material stock crisis, according to the letter's wording from Indus Motors.
The letter's text stated that the corporation would let customers know if the temporary shutdown schedule changed.
The company reported that there are issues with the import of raw materials and a decline in the demand for new cars.
Due to the disruption caused by these problems, the company's inventory levels were insufficient to support production.
Additionally, the same causes led to a similar production suspension from June 26 to June 27.
Govt upholds decision to import 500,000 tons of sugar
- 3 hours ago

Trump says will ‘take a look’ at deporting Musk
- 4 hours ago
Pakistan's Sadia Iqbal retains top spot in ICC Women's T20 bowler rankings
- 4 hours ago
Musk proposes new political party, targets lawmakers over Trump-backed spending bill
- 4 hours ago

Sindh govt declares July 5-6 public holidays for Youm-e-Ashura
- 5 hours ago

Japan records hottest June in its history this year
- 3 hours ago
US officially ends sanctions program on Syria
- 6 hours ago

Polio campaign extended to age 15 amid new cases in older children
- 6 hours ago

Federal Govt decides to shut down utility stores from July 10
- 3 hours ago

Faisalabad police arrest driver and accomplice for harassing university student
- an hour ago

KSE-100 index surges past 127,000 points
- 7 hours ago
Former Russian Deputy Defense Minister sentenced to prison for corruption
- an hour ago