Latest news with #IndusMotorCompany
Business Recorder
24-05-2025
- Automotive
- Business Recorder
IMC signs MoU with DIL
KARACHI: The Indus Motor Company (IMC) has signed a Memorandum of Understanding (MoU) with Development in Literacy (DIL), marking a significant milestone in its commitment to community development through education. This collaboration is a part of IMC's flagship Corporate Social Responsibility (CSR) initiative, 'Concern Beyond Cars,' which focuses on creating long-term impact beyond the automotive sector. Under this partnership, the IMC has adopted DIL's Malir Campus in Karachi, aiming to uplift the learning environment for over 600 students by enhancing access to quality education, modern infrastructure, and digital resources. The initiative will also work toward building a sustainable alumni network, empowering students well beyond their school years. Ali Asghar Jamali, CEO of Indus Motor Company, emphasized the transformative potential of education: 'Education is the most powerful investment we can make in the future of our nation. At IMC, we believe that every child — regardless of background — deserves access to learning opportunities that unlock their full potential. Our partnership with DIL reflects our vision of an empowered, self-sustaining Pakistan.' This initiative contributes to IMC's strategic commitment to significantly increase its education sector investment in 2025, with a focus on long-term, scalable impact. Jamali further added, 'Our efforts under 'Concern Beyond Cars' are not new. We are proud of our longstanding educational partnerships with organizations like The Citizens Foundation (through the Toyota Goth Education Programme), Deaf Reach for inclusive education, and Markhor, which develops leadership skills among youth. Each of these efforts is a step towards building a more educated and resilient society.' The Concern Beyond Cars programme reflects Toyota's global ethos of using business as a force for good — by uplifting communities, supporting education, promoting sustainability, and shaping a better tomorrow. Copyright Business Recorder, 2025
Business Recorder
22-05-2025
- Automotive
- Business Recorder
IMC celebrates Sehrish Ali's victory
LAHORE: Indus Motor Company (IMC), under its Concern Beyond Cars initiative, proudly congratulates Sehrish Ali on winning the Gold Medal in the U-15 category at the USA Junior Women's Squash Championship. IMC has been sponsoring Sehrish's training and education since her impressive showing at the WSF Australian Junior Open Squash Championship earlier in April 2025, reaffirming its commitment to youth development and sports excellence in Pakistan. Ali Asghar Jamali, CEO of IMC, stated: 'Sehrish's victory is a proud moment for Pakistan and a testament to the power of supporting young talent. IMC remains committed to empowering future champions through our Concern Beyond Cars program.' This win adds to IMC's growing legacy of backing young athletes, including Arshad Nadeem and Zainab Barkat, as part of its broader mission to inspire and uplift the nation's youth. Copyright Business Recorder, 2025
Business Recorder
17-05-2025
- Automotive
- Business Recorder
IMC supports Pakistani Paralympics athletes
KARACHI: Indus Motor Company (IMC) proudly sponsored two young Pakistani aralympic athletes, Abdullah Chand (aged 14) and Sualeh Baloch (aged 16), who showcased their talent and determination by winning accolades at the 2025 International Para Taekwondo Tour held in Japan and Malaysia. Both athletes are students at the Karachi Vocational Training Centre (KVTC) and were selected to represent Pakistan by the Pakistan Para Taekwondo Wing, operating under the Pakistan Taekwondo Federation. Their inspiring performance on the international stage has brought pride to the nation and demonstrated the incredible potential of para-athletes in Pakistan. 'IMC remains committed to providing an equal playing field for all sporting professionals in Pakistan,' said Ali Asghar Jamali, CEO of Indus Motor Company. 'Our conviction to support emerging athletes is rooted in our belief in creating opportunities that empower individuals to achieve excellence and bring honor to the country.' This initiative is part of IMC's Concern Beyond Cars program, which aims to foster inclusion and empower communities. It also reflects the company's deep commitment to Diversity, Equity & Inclusion (DEI) and aligns with Toyota's global philosophy that 'no journey is taken alone.' Indus Motor Company congratulates Abdullah and Sualeh on their remarkable achievements and remains steadfast in its mission to support Pakistan's youth across all abilities and disciplines. Copyright Business Recorder, 2025
Business Recorder
28-04-2025
- Automotive
- Business Recorder
Performance in nine months: IMC's total sales of CKD, CBU units up by 57pc
KARACHI: Indus Motor Company (IMC) has reported a solid performance during the nine-months ended March 31, 2025, with total sales of CKD and CBU units increasing by 57 percent to 21,890 units, up from 13,922 units in the corresponding period last year. This surge is attributed to a recovery in consumer demand and the continued success of models like the Corolla Cross and Toyota Yaris, supported by timely feature enhancements and model updates. The net sales revenue rose to Rs 145.53 billion, from Rs 98.23 billion in the previous year's same period. The company's profit after tax increased considerably to Rs 16.55 billion, as compared to Rs 9.41 billion from corresponding last year. This improvement reflects higher sales volume, stable input costs driven by a relatively favourable exchange rate, and effective cost management initiatives, including increased localization. Ali Asghar Jamali, CEO, IMC shared, 'IMC has delivered good performance in the nine months of FY24-25, due to decrease in interest rates, increasing consumer confidence and stable foreign exchange rates. The ongoing trend reinforces the need for a policy review, particularly the rationalization of depreciation allowances on used car imports, to ensure a level playing field for local assemblers and improve government revenue streams. IMC remains committed to innovation, customer satisfaction, and contributing to the sustainable growth of the country's automotive sector.' He added that used car imports still represent a significant portion (29 percent) of the local auto market by value in the current financial year. It is to be noted that during the said period imports of used vehicles increased modestly by six percent, totaling 29,590 units, compared to 27,859 units in same period last year. The Earnings Per Share (EPS) stood at Rs 210.62, compared to Rs 119.67 from corresponding previous year. The Board of Directors was pleased to declare a third interim cash dividend of Rs 50 per share, compared to Rs 34 per share in the same period last year. The local automobile sector witnessed a positive trajectory in the nine-months of the FY 2024-25, supported by macroeconomic stabilization and easing of financial conditions. The auto industry is advocating for policy support to boost local manufacturing, enhance affordability, and increase localization. Copyright Business Recorder, 2025
Express Tribune
28-04-2025
- Automotive
- Express Tribune
Auto sector sees significant recovery
The auto sector's profitability is expected to face further obstacles due to the imposition of a 10% super tax. photo: file The local automobile sector witnessed a positive trajectory in the nine months of FY 2024-25, supported by macroeconomic stabilisation and easing of financial conditions. The auto industry is advocating for policy support to boost local manufacturing, enhance affordability, and increase localisation. Indus Motor Company (IMC) has reported a solid performance during the nine months ended March 31, 2025, with total sales of Completely Knocked Down (CKD) and Completely Built Up (CBU) units increasing by 57% to 21,890 units, up from 13,922 units in the corresponding period last year, the company announced on Monday. It attributed the surge to a recovery in consumer demand and the continued success of models like the Corolla Cross and Toyota Yaris, supported by timely feature enhancements and model updates. The net sales revenue rose to Rs145.53 billion, from Rs98.23 billion in the previous year's same period. The company's profit after tax increased considerably to Rs16.55 billion, as compared to Rs9.41 billion from the corresponding last year. This improvement reflects higher sales volume, stable input costs driven by a relatively favourable exchange rate, and effective cost management initiatives, including increased localisation. IMC CEO Ali Asghar Jamali said, "IMC has delivered a good performance in the nine months of FY24-25, due to a decrease in interest rates, increasing consumer confidence and stable foreign exchange rates. The ongoing trend reinforces the need for a policy review, particularly the rationalisation of depreciation allowances on used car imports, to ensure a level playing field for local assemblers and improve government revenue streams. IMC remains committed to innovation, customer satisfaction, and contributing to the sustainable growth of the country's automotive sector." He said used car imports still represent a significant portion (29%) of the local auto market by value in the current financial year.
