Company type | Public |
---|---|
Industry | Automotive |
Founded | 1 July 1990 |
Headquarters | Port Qasim, , Pakistan |
Area served | |
Key people |
|
Products | Automobiles |
Revenue | Rs. 152.5 billion (US$530 million) (2024) |
Rs. 23.3 billion (US$81 million) (2024) | |
Rs. 15.1 billion (US$52 million) (2024) | |
Total assets | Rs. 145.8 billion (US$500 million) (2024) |
Total equity | Rs. 67.2 billion (US$230 million) (2024) |
Owner |
|
Number of employees | 2,579 (2024) |
Parent | |
Website | toyota-indus |
Indus Motor Company Limited, 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 109.5 acres (0.443 km2) manufacturing plant at Port Qasim Industrial Zone, outside Karachi. [4]
Indus Motor Company was incorporated as a public limited company in December 1989 and was listed on the Karachi Stock Exchange in 1992. [5] The company started its commercial operations in March 1993. [2]
In March 2000, the company started production of the L500 series Daihatsu Mira in Pakistan which was locally sold as the Daihatsu Cuore and featured an 850-cc engine. [6]
In 2008, Toyota acquired 9.83 million shares from Overseas Investors AG and general public at the price of Rs. 370 (equivalent to Rs. 1,900orUS$6.50 in 2021) per share. [7]
In January 2012, the company halted production of the L500 series Daihatsu Cuore in Pakistan. [8]
Former Chairman of Indus Motor Company Ltd, Ali Suleman Habib died on 18 April 2020. [9]
In May 2023, Toyota Indus announced that the Corolla Cross Hybrid would be locally assembled in Pakistan. [10]
Toyota Indus started exporting automotive parts to Toyota Egypt in July 2023. [11]
After an investment of over $100 million, the company inaugurated its hybrid electric vehicle assembly line on 6 December, 2023. [12] Following the inauguration of the assembly line, the company commenced the production of the Corolla Cross Hybrid, making it Toyota's first hybrid electric vehicle to be assembled in Pakistan. [13]
In August 2024, Toyota Indus began exporting Corolla Cross, Hilux and Fortuner models to Oceanian countries. [14]
Year ended | Revenue (PKR million) | Operating income (PKR million) | Net income (PKR million) | Total assets (PKR million) | Total equity (PKR million) |
---|---|---|---|---|---|
30 June 2010 [15] | 60,093 | 5,386 | 3,443 | 27,138 | 12,588 |
30 June 2011 [15] | 61,703 | 4,088 | 2,743 | 26,835 | 14,120 |
30 June 2012 [15] | 76,963 | 6,374 | 4,303 | 27,576 | 17,014 |
30 June 2013 [15] | 63,829 | 5,000 | 3,358 | 25,106 | 17,693 |
30 June 2014 [15] | 57,064 | 5,055 | 3,873 | 26,111 | 19,916 |
30 June 2015 [16] | 96,516 | 14,184 | 9,110 | 50,399 | 24,036 |
30 June 2016 [17] | 108,759 | 17,397 | 11,455 | 57,537 | 27,630 |
30 June 2017 [18] | 112,272 | 19,141 | 13,001 | 63,880 | 31,197 |
30 June 2018 [19] | 140,208 | 22,999 | 15,772 | 81,927 | 36,744 |
30 June 2019 [20] | 157,996 | 18,976 | 13,715 | 64,783 | 40,045 |
30 June 2020 [21] | 86,167 | 7,287 | 5,082 | 80,279 | 41,169 |
30 June 2021 [22] | 179,162 | 18,199 | 12,828 | 133,906 | 48,201 |
30 June 2022 [23] | 275,506 | 25,453 | 15,802 | 213,965 | 54,011 |
30 June 2023 [24] | 177,711 | 16,797 | 9,554 | 122,764 | 60,070 |
30 June 2024 [25] | 152,481 | 23,327 | 15,072 | 145,820 | 67,226 |
Toyota Indus sells two different types of vehicles; complete knock-down kits (CKD) which are locally assembled at their plant in Karachi and completely built units (CBU) which are imported from the Toyota plants in Japan or Thailand, depending on the vehicle.
Daihatsu Motor Co., Ltd. is a Japanese automobile manufacturer headquartered in Ikeda, Osaka Prefecture, Japan.
The Daihatsu Mira is a kei car and city car built by Japanese car maker Daihatsu. It has a variety of options and chassis variations, with the latest variant having four models: Mira, Mira AVY, Mira Gino, and Mira VAN. The Mira is the latest successor to the line of cars begun with the Daihatsu Fellow of 1966, and was originally introduced as the commercial version of the Cuore. Outside of Japan, the Mira has also been offered with larger 850 or 1000-cc engines. In Australia, the two-seater version was marketed as the Daihatsu Handivan and later as the Daihatsu Handi. The term mira is Latin meaning "goal" or "purpose".
Hino Motors, Ltd., commonly known as Hino, is a Japanese manufacturer of commercial vehicles and diesel engines headquartered in Hino, Tokyo. The company was established in 1942 as a corporate spin-off from previous manufacturers.
Karachi is the financial and industrial capital of Pakistan. As of 2019, Karachi has an estimated GDP (PPP) of $164 billion. The city accounts about half of the total collections of the Federal Board of Revenue, out of which, approximately half are customs duty and sales tax on imports. Karachi produces about 30 percent of value added in large-scale manufacturing, 25% of the GDP, the World Bank identified Karachi as the most business-friendly city in Pakistan. In 2010, research by the global human resources company Mercer found Karachi to be the most inexpensive city in the world.
The Daihatsu Hijet is a cab over microvan and kei truck produced and sold by the Japanese automaker Daihatsu since 1960. Despite the similarities between the Hijet name and Toyota's naming scheme for its trucks and vans, the name "Hijet" has been in use for Daihatsu's kei trucks and microvans since 1960, over two decades before Toyota took control. "Hijet", when transliterated into Japanese, is very similar to "Midget", one of Daihatsu's other mini-trucks. According to Daihatsu, the name "Hijet" was created to imply that the vehicle offers higher performance than the Midget. The Hijet competes in Japan with the Honda Acty, Mitsubishi Minicab, Nissan Clipper, Subaru Sambar and Suzuki Carry.
Toyota Australia is an Australian subsidiary of the Japanese car manufacturer Toyota. It markets Toyota products and manages motorsport, advertising and business operations for Toyota in Australia. It is also responsible for Lexus vehicles in Australia.
Ghandhara Industries Limited (GIL), formerly known as National Motors Limited, doing business as Isuzu Pakistan, is a Pakistani truck and buses assembler based in Karachi. It is the authorized assembler of Isuzu vehicles in Pakistan.
Hinopak Motors is a Pakistani truck and bus assembler based in Karachi. It is a subsidiary of Hino Motors. Its assembly plant is located at S.I.T.E Industrial Area.
UMW Toyota Motor Sdn. Bhd. (UMWT) is the appointed Toyota distributor, assembler and exporter of Toyota vehicles in Malaysia. The company was founded in October 1982 as Sejati Motor, prior to being renamed UMW Toyota Motor in October 1987.
The automotive industry in Pakistan is one of fastest-growing industries in the country, growing by 171% between 2014 and 2018. It accounts for 7% of Pakistan's GDP and employed a workforce of over 6.8 million people as of 2024. Pakistan is the 15th largest producer of automobiles. Its contribution to the national exchequer is nearly US$5.4 billion. Pakistan's auto market is among the fastest growing in Asia. 384,000 cars were sold in 2023. In the 1990s and early 2000s, Pakistan had many Japanese cars. With the launch of the first Auto Policy in 2005, Pakistan launched its first indigenous car, Adam Revo. However, after the 2008 elections, the dollar started depreciating, and due to bad governance, many automakers began to halt production, with some exiting Pakistan. Currently, the auto market is dominated by Honda, Toyota, Hyundai, Kia and Suzuki. However, on 19 March 2016, Pakistan passed a second "Auto Policy 2016-21," which offers tax incentives to new automakers to establish manufacturing plants in the country. In response, Renault, Nissan, Proton Holdings, Kia, SsangYong, Volkswagen, FAW, and Hyundai have expressed interest in entering the Pakistani market. MG JW Automobile Pakistan has signed a memorandum of understanding (MoU) with Morris Garages (MG) Motor UK Limited, owned by SAIC Motor, to bring electric vehicles to Pakistan. NLC signed an agreement with Mercedes-Benz to manufacture Mercedes Actros trucks in Pakistan. On 8 July 2021, Jolta Electric launched the production of electric motorcycles.
Toyota Motor Thailand Co., Ltd. (TMT) is the wholly owned subsidiary of Toyota Motor Corporation in Thailand, established in 1962. In 1979, Toyota began making pressed body parts in Thailand. In 1989, TMT began manufacturing engines locally. TMT controls the manufacturing of Toyota cars in Thailand and they supply cars to various official dealers throughout Thailand. TMT's main export market is the ASEAN region and the Oceania, but TMT also export cars to different parts of the world, especially the Toyota Hilux Vigo model. As of April 2016, there were 150 official Toyota dealers with 455 showrooms approved by TMT.
Toyota Motor East Japan is a manufacturing subsidiary of the Toyota group based in Japan. It was founded in July 2012 by the merger of Central Motors, Kanto Auto Works and Toyota Motors Tohoku.
Industry in Karachi are the various industries that are located in Karachi, Pakistan. The commerce and industry in Karachi represents major economic activities in Pakistan. Pakistan ranks 40 among the countries of the world in nominal GDP, and number 55 in the world in factory output. Pakistan's industrial sector accounts for about 24% of GDP.
Sazgar Engineering Works Limited is a Pakistani automotive assembler headquartered in Lahore. It specialises in the assembly of cars and rickshaws.
The automotive industry in Indonesia plays an important role to the economic growth of the nation, contributing 10.16 per cent of the GDP. Indonesia automotive product exports is currently higher in value than their imports. In 2017, Indonesia is the 17th-largest passenger-vehicle producer in the world and the 5th largest passenger vehicle producer in Asia, producing 0.98 million vehicles.
As of 2019, the automotive industry in Thailand is the largest in Southeast Asia and the 10th largest in the world. The Thai industry has an annual output of more than two million vehicles, more than countries such as Belgium, Canada, the United Kingdom, Italy, Czech Republic and Turkey.
PT Toyota-Astra Motor is an automobile trading company based in Jakarta, Indonesia. It is a joint venture company between Toyota Motor Corporation and Astra International with a distribution of shares of 50% and 50% respectively, acting as a sole agent, distributor, and importer of Toyota vehicles.
The Toyota Corolla Cross is a subcompact crossover SUV produced by the Japanese automaker Toyota since 2020. Adopting the Corolla nameplate, it is positioned as a more practical and larger alternative to the C-HR and built on the same TNGA-C (GA-C) platform as the E210 series Corolla. By size, the Corolla Cross is positioned between the smaller C-HR—with which it shares a platform—and the larger RAV4, in Toyota's global crossover SUV lineup.