Indus Motor Company Limited (PSX: INDU) Tuesday announced a temporary suspension of operations at its production facility.
In a notice to the Pakistan Stock Exchange (PSX), INDU said that it is currently experiencing a shortage of raw materials and components, compounded by ongoing supply chain disruptions. As a result, the it is facing challenges in sourcing the necessary parts for vehicle production, which has impacted its ability to meet production requirements.
“In light of these circumstances, the Company has decided to temporarily suspend operations at its production facility from 27th November 2024 to 29th November 2024,” the company said.
INDU is the sole distributor of Toyota and Daihatsu vehicles in Pakistan and has a license for assembling, progressive manufacturing and marketing of these vehicles in Pakistan.