Because of the difficulty in importing CKD kits and the plunging value of the local currency, Toyota Indus Motor Company (IMC) plans to suspend production in Pakistan for an extended period.
Non-production days (NPDs) had already been scheduled for dealing with sluggish CKD imports. Recent rumors, on the other hand, imply that Toyota IMC would halt production for an extended period of time, but the specific number of days has not been disclosed.
According to the statement, IMC would reimburse consumers who had reserved automobiles.
According to Ali Asghar Jamali, CEO of Toyota IMC, “Customers will have the option of receiving a refund that includes all interest. Instead of getting a refund, they’ll have to wait at least three more months from the delivery month listed on their Provisional Booking Order Form and pay the difference in price as a result of the current exchange rate situation.”
Rumors about Toyota IMC’s demise in Pakistan have been circulating.
An industry insider confirmed to ProPakistani that the claims were untrue. He explained that the company’s immediate goal is to clear the backlog of orders so that they may start over fresh.
Production problems have plagued Toyota across the world. Natural catastrophes, the revival of COVID-19, and a chip scarcity have all contributed to the company’s difficulties.
Car assembly operations have been hindered by the chip scarcity and other logistical challenges because Toyota IMC does not import directly from Japan. Automobile sales for Toyota are projected to plummet as the company struggles in Pakistan and other countries.
