Toyota shuts down assembly plant due to low demand

ISLAMABAD: 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.

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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.