Indus Motors Company (IMC) has decided to shut down all productions for the remaining days of September.
An IMC official shared that the company had already observed 8 non-production days (NPD) in July and 11-12 in August.
He further shared that due to the federal excise duty (FED) of 2.5-7.5 percent, plus the instability of the Rupee against the Dollar has added to a slump in sales and increase in price.
Meanwhile, sources have also shared that IMC has an inventory of 3,000 units still unsold and that the plant is running at a capacity of 50 units only for September.
A Toyota vendor confirmed Dawn news that the news was authentic and that the company is shutting down all production plants for the remaining month.
IMC observed a drop in sales from 8,804 and 8,770 units to 5,308 and 3,708 units in July and August. A drastic fall in sales was recorded for the Toyota Hilux which plunged from 793 to 716 units and from1,383 and units 1,292 units. Fortuner also witnessed a drastic dip.
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