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Toyota Shuts Down Assembly Plant Due to Low Demand

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Due to continued operational hiccups and economic challenges, Toyota Indus Motor Company (IMC) has announced another series of non-production days (NPDs).

In an official notification to the Pakistan Stock Exchange (PSX), the company cited inventory shortage as a reason for the car assembly plant shutdown, which will take place from August 25 to September 6, 2023.

The latest notification also mentions the lowered sales as a reason for the diminished demand.

Toyota IMC sold 1,368 cars, reporting a 26% MoM decrease in sales. The main reason for the decline is the considerably poor sales of Toyota Hilux and Fortuner which went down by 63% last month.

Corolla Cross Spotted

Although it’s not all somber for Toyota IMC, as the automaker is finally poised to launch its first-ever locally assembled hybrid electric crossover SUV in Pakistan.

A test unit of the Corolla Cross Hybrid has recently been spotted in Karachi, wearing a black and blue wrap. Although Toyota Indus Motor Company (IMC) is silent, reports from industry observers suggest that the company has begun road-testing the crossover hybrid SUV.

In July 2023, it was reported that the company may launch the Corolla Cross later this year. While Toyota IMC hasn’t made an official announcement, the report speculates that the launch may take place in November 2023.

  • It’s bad time, people are tied up with high inflation, rising energy, fuel cost through the sky, who has money to buy new cars unless free officislly or with black money… Corrolas and equivalent are not worth Rs 10 million anyway…

  • The car which used to sell for 30 lac is not available for 70 lac, people have been dragged down financially due to massive inflation, only someone with monthly income of 4 lac plus may afford these cars, that too through bank financing.

  • very good, they reap the rewards of what they have sowed. If they would have only started manufacturing their cars here, not only it would have been good for them but also for country.
    what Toyota created was ON mafia based on their dealership network. The dealerships had their subsidiary dealerships selling the cars on ON and the public end up paying more money to these parts importers.

  • It’s hard to find the reality. Their sales figures shows otherwise. It is clear that they were manipulated the demand and supply.

  • Maybe they should improve their quality? I bought 2 Fortuners brand new and both developed transmission faults (torque converter shudder).

    • Are you serious? Fortuners are the TOP OF THE LINE products made/assembled locally at the highest quality standards by IMC.

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