Toyota Indus
Type | Public (Joint venture) |
---|---|
PSX: INDU | |
Industry | Automotive |
Founded | 1 July 1990 |
Headquarters | Karachi, Pakistan |
Key people | Mohamedali R. Habib (chairman), Mr Ali Asghar Jamali (CEO), Shinji Yanagi (director & vice chairman) |
Products | Automobiles |
Revenue | ₨96.516 billion (US$600 million) (2015) |
₨14.184 billion (US$89 million) (2015) | |
₨9.11 billion (US$57 million) (2015) | |
Total assets | ₨50.399 billion (US$310 million) (2015) |
Total equity | ₨24.036 billion (US$150 million) (2015) |
Number of employees | 3,349 |
Parent | Toyota Motor Corporation (25%) Overseas Pakistan Investors AG (35%) Toyota Tsusho Corporation (13%) Thal Limited (6%) General public (7%) |
Website | www |
Indus Motor Company Limited (Urdu: انڈس موٹر شرکه محدودہ), operating as Toyota Indus, is a Pakistani automobile manufacturer which is a subsidiary of Japanese multinational automaker Toyota Motor Corporation. It is based in Karachi, Pakistan.
Founded in 1989, as a joint venture between House of Habib, Toyota Tsusho and Toyota Motors.[1][2][3]
Indus Motor is the authorized assembler and manufacturer of Toyota and Daihatsu vehicles, auto parts and accessories in Pakistan since 1 July 1990 at its 105 acres (0.42 km2) manufacturing plant at Port Bin Qasim Industrial Zone, outside Karachi.[4]
Indus Motor has employed 3,349 persons.[5]
History[edit]
Indus Motor was incorporated as a public limited company in December 1989 and started commercial production in May 1993. Shares of the company are quoted on the Pakistan Stock Exchange.[2]
In March 2000, the company started production of Daihatsu Cuore in Pakistan which was based on the domestic Mira and features an 850-cc engine.[6]
In 2008, Toyota acquired 9.83 million shares from Overseas Investors AG and general public at the price of ₨370 per share.[7]
In January 2012, the company halted Cuore production in Pakistan.[8]
Former Chairman of Indus Motor Company Ltd, Ali Suleman Habib died on 18 April 2020.[9]
Products[edit]
Cars[edit]
Offroaders[edit]
- Toyota Rush
- Toyota Hilux
- Toyota Fortuner
- Toyota Land Cruiser
- Toyota Land Cruiser Prado
- Toyota Corolla Cross
Buses & Vans[edit]
See also[edit]
References[edit]
- ^ Profile of Indus Motors Company Forbes.com website, Published 27 September 2007, Retrieved 23 April 2020
- ^ a b Profile of Indus Motors Company Business Recorder (newspaper), Published 14 March 2017, Retrieved 23 April 2020
- ^ Indus, Company. "Company Profile-Toyota Indus". Retrieved 3 May 2019.
- ^ "Indus Motor Company Limited". Business Recorder. Pakistan. 19 June 2014. Retrieved 3 May 2019.
- ^ "Company Profile". Toyota Indus. Retrieved 28 May 2020.
- ^ "Cuore Production Under Way in Pakistan". DAIHATSU Global Website.
- ^ "Toyota to acquire 9.8m more shares in Indus Motors". Dawn. Pakistan. 29 April 2008. Retrieved 12 October 2019.
- ^ "Indus Motor pulls the plug on Coure". The Express Tribune. 2 April 2012.
- ^ Dawn.com (18 April 2020). "Ali Habib, prominent businessman and chairman of Indus Motors, passes away in Karachi". DAWN.COM. Retrieved 28 May 2020.
External links[edit]
- Indus Motor Company Limited
- Indus Motor Company Detailed Company Financials
- Indus Motor on Asia's 200 Best Under A Billion 2007 (Forbes.com website)
- Toyota Global (in English)
- Car manufacturers of Pakistan
- Bus manufacturers of Pakistan
- Manufacturing companies based in Karachi
- Vehicle manufacturing companies established in 1990
- Pakistani companies established in 1990
- Pakistani subsidiaries of foreign companies
- Toyota
- Toyota Tsusho
- Companies listed on the Pakistan Stock Exchange
- House of Habib