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$100m Investment in Pakistan by Toyota for Hybrid Automobiles

Toyota has announced a $100 million investment in the local production of Hybrid Electric Vehicles (HEV) in Pakistan, boosted by the increased government backing for electric vehicles in Pakistan.

Read: Top 10 Real Estate Marketing Strategies in September 2022

IMC, which manufactures and markets Toyota automobiles in Pakistan, met with Prime Minister Imran Khan at the Prime Minister’s Office to announce the extra investment.

IMC has made a significant contribution to the development of the local automobile industry in Pakistan by establishing its complete value chain, which includes over 60 component manufacturers producing over PKR 200 million worth of components every working day, 50 independently owned dealerships providing aftersales service to customers, and over 60,000 people employed directly and indirectly across Pakistan.

Read: Top 10 Challenges in Real Estate Industry of Pakistan

The money will assist with component localization, facility expansion, and production planning for the Indus Motor Company Limited (IMC) plant in Port Qasim, Karachi, where the first HEV will be assembled.

Please contact Al Sadat Marketing for further assistance.

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Al Sadat Marketing is an emerging Real Estate Agency headquartered in Islamabad, Pakistan. With over 10+ Years of experience, Al Sadat Marketing is providing its services and dealing all trending housing societies projects in different cities of Pakistan. Islamabad Projects, Rawalpindi Projects, Gujar Khan Projects, Burhan Projects, and Peshawar Projects etc.

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