Toyota Indus Motor Company (IMC) is planning to halt production in Pakistan for an extended period due to difficulties in complete knockdown (CKD) kit imports and plummeting local currency value vs US Dollar.
The company had previously announced non-production days (NPDs) to cope with slow CKD imports. However, recent reports suggest that Toyota IMC will be seizing production for a significant duration, without mentioning the exact number of days.
They also add that IMC will refund customers who had booked cars. Toyota IMC CEO Ali Asghar Jamali corroborated this report by Profit stating:
We will give customers the option to avail a refund with the full interest. In case they choose not to opt for this (refund), they will have to wait at least 3 (more) months from the delivery month given on the Provisional Booking Order Form and (also) pay the price differential due to the exchange rate situation.
The company will likely issue an official statement in this regard soon.
Public Notion
Toyota IMC’s situation has prompted rumors that its days might be numbered in Pakistan.
ProPakistani reached out to an industry expert, who stated that these rumors are completely false. He said that the company is looking to clear the backlogged orders in the interim and start fresh soon.
Once the crisis subsides, Toyota (IMC) will return to its regular operating schedule.
Inevitable Circumstances
Toyota has been facing production issues across the globe. Most of its problems in Japan are due to natural calamities, the resurgence of COVID-19, and the chip shortage, which hampered its exports.
Although Toyota IMC does not import its CKDs directly from Japan, the chip shortage and other logistical issues have impacted its vehicle assembling operations. Toyota’s sales are likely to take a massive hit as the automaker continues to struggle in Pakistan and several other markets.
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They should have shifted to local production of cars when they had the chance
Pakistan is one of the biggest markets of Toyota Corolla in the World. They would never quit Pakistan.
Hahaha
Biggest?
U r funny dear
Jamali an incompetent CEO he should resign the company is showing profits and he has no value for his customers they should cut their profits and run the company this is no way that they always get their profits and huge pay checks and for even 1 year they cannot fulfill their commitment to their customers.in what buisness there is always profit they are running the buisness like fix deposit scheme for their investors this is no way the investors should bear the brunt of this situation and they should fulfill their commitment to customers
I strongly agree with your statement, they should fulfill their commitment done to customers, the customers are facing delay im deliveries, instead of apologies to customers, he is planning to shift the burdens of their bad plannings of store management to customers, they should acknowledge order according to store level, why they continue to take order instead of forecasting the shortage of CKD kits?
Although Chinese vehicle are performing well in quality and gaining confidence of customers around the globe but Toyota knows well the potential of Pakistan market
Toyota Pakistan was merely an SKD, with generous incentives. Today is EV nothing else. Either produce compliant product, or bear the consequences. Check with the Climate Change to your track.
I agree with customers concern.
Moreover company to facilitate all those customers who had already deposited their full payment for the delivery month of July 22 without increase of any further amount & early date to be given for final delivery.
Asking to take refund with interest seems joke as being Muslim country most will not accept interest offer.
Regards
Toyota Corolla is being sold in black for almost 2 decades and they have earned billions in profit,now they will runaway before someone catches their theft(the possibility is least in Pakistan)