Toyota Pakistan Stops Production Until September 30

Jawad

26 Sep 2024

254

Toyota Pakistan Stops Production Until September 30

For the past few months, Toyota Pakistan has been dealing with significant supply chain and inventory shortages. In its latest update, Toyota Indus Motor Company Limited (IMC) has announced a temporary suspension of its production plant from September 26 to 30, 2024. This decision is aimed at addressing the persistent challenges the company faces in securing raw materials and components needed for vehicle manufacturing.

Supply Chain Disruptions

IMC has disclosed to the Pakistan Stock Exchange that the primary reason for the suspension is low inventory levels. The shortage of essential raw materials and parts has severely impacted the company's ability to meet production demands. As a result, Toyota Pakistan has struggled to keep up with its manufacturing schedule, further exacerbating the supply chain crisis.

Previous Production Cuts

This recent suspension follows earlier production cuts Toyota Pakistan had implemented. The company previously reduced operations twice—once from July 5 to July 22, 2024, and again from August 6 to August 8, 2024. These efforts were aimed at minimizing the effects of supply chain disruptions, but challenges have continued to affect their operations.

Impact on the Market

The suspension is expected to temporarily reduce Toyota Pakistan's production output, potentially delaying vehicle deliveries. However, IMC assures its customers that it is working hard to minimize disruptions and return to normal operations swiftly. This development adds to the struggles of the broader Pakistani automotive market, already grappling with economic pressures and global supply chain disruptions.

Toyota's Export Milestone

In contrast to these challenges, Toyota Indus has also made a significant step forward in its export operations. The company has started exporting vehicles to Oceanian countries, including models like the Fortuner, Hilux, and Corolla Cross. CEO Asghar Jamali hailed this achievement as a crucial moment for the company and Pakistan, aligning with the government's AIDEP 21-26 policy, which focuses on expanding local production and international market reach.

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