A delegation from Indus Motor Company led by the Vice Chairman, Mr. Shinji Yanagi and Chief Executive, Mr. Ali Asghar Jamali, met with the Prime Minister today at the Prime Minister’s Office to announce the new investment. The meeting was also participated by Mr. Yoichi Miyazaki, CEO for Toyota Asia, via video message. Members of the Cabinet including the Federal Minister for Industries, Mr. Khusro Bakhtiar, Federal Minister for Energy, Mr. Hammad Azhar and Finance Minister, Mr. Shaukat Tareen also attended the meeting. The Ambassador of Japan to Pakistan, H.E. Mr. Kuninori Matsuda, also graced the occasion. Prime Minister Imran Khan whilst appreciating Toyota’s investment announcement said: “Toyota/Japan has remained the most committed partner for Pakistan even in the most testing times. We value our relationship and Toyota’s trust in Pakistan’s economy and welcome this new investment for Environment Friendly Hybrid Electric Vehicles. Indus Motor Company is a wonderful example of how global companies can grow successfully here in Pakistan”. The Ambassador of Japan to Pakistan, H.E. Mr. Kuninori Matsuda, whilst welcoming the decision said, “The Embassy of Japan is confident that the new investment decision will take the economic ties between Japan and Pakistan to the next level. It is a symbolic milestone as we approach the 70th anniversary of the establishment of our diplomatic relations, in 2022. I hope that the Japanese auto technology will play a key role to realize the new Pakistani automobile development plan. The Embassy of Japan also pledges to continue to make its maximum effort to create a supportive business environment for Japanese businesses here in Pakistan, in cooperation with the Government of Pakistan”. Mr. Ali Asghar Jamali, Chief Executive, Indus Motor Company Ltd. Said, “Today’s investment announcement represents IMC’s strong commitment towards our community as we contribute tangibly towards making Pakistan less vulnerable to Climate Change. Toyota has multiple electrification technologies, and among those, we believe Strong Hybrids are a practical and sustainable solution for achieving mass electrification. We are thrilled to bring the most efficient 4th Generation Hybrid Electric Vehicle to our customers which will help reduce carbon footprint of our vehicles, in line with the vision of our Honorable Prime Minister, Imran Khan”. IMC has contributed massively towards establishment of the local automobile industry here in Pakistan, by creating its complete value chain with over 60 Part Makers making over PKR 200 million worth of parts every working day, 50 independently owned dealerships providing aftersales service to customers and employing over 60,000 people directly and indirectly, working across Pakistan.
