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140 articles for Indus Motors
Pakistan Autos: Feb’23 - Prolonged raw material shortage further reduces volumes
Auto industry sales continued to remain under pressure and further declined by massive 45% MoM and 44% YoY. PSMC has posted the lowest volumetric sales since April 2020. The company only sold 978 units in Feb’23. Auto Sector is likely to continue fac...
IMS Research Team @ Intermarket Securities 13 March 2023
Pakistan Autos: Jan 23 - PSMC drags industry volumes to lowest since Jun’20
Pakistan Auto industry sales have witnessed a sharp decline of 38% MoM and 39% YoY to 10,431 units in Jan’23. Alto sales and production numbers came in shockingly low at -99% MoM and -86% MoM respectively. Strong tractor and Toyota sales are an encou...
IMS Research Team @ Intermarket Securities 13 February 2023
Indus Motors: 2QFY23 Review - Gross losses and reduced other income hit profitability
Company posted a gross loss of PKR0.49bn, due to phased price increases and intermittent plant shut downs. Other income for 2QFY23 has surged to PKR3.4bn, up 38% YoY, led by higher interest rates on short-term investments. Other income is expected t...
IMS Research Team @ Intermarket Securities 13 February 2023
Pakistan Autos: Dec 22: Import restrictions continue to hold sway
Autos sales fell 38%YoY and 7% MoM as import restrictions continued to have an impact. Tractor sales were flattish MoM but the sharp production fall points to challenges ahead. The sector faces headwinds but we remain Marketweight, with a large corre...
IMS Research Team @ Intermarket Securities 11 January 2023
Pakistan Autos Sales: Volumes improved sequentially amid ease off in production
Automobile sales showed a positive MoM growth of 36%. However, sales were down by 2% on a YoY basis. PSMC sales grew by 55% MoM, the sequential rise in demand has helped the company to expand its market to 67% in Nov’22. Challenges likely to continue...
IMS Research Team @ Intermarket Securities 13 December 2022
Oct’22 - Partial resumption of production has led to improved sales numbers
Latest automobile sales show some relief post resumption in production; the MoM numbers were up 22% to 13,369 units. HCAR’s plant was shut down for a longer period as compared to peers, the company has witnessed a softer 11% jump MoM. MTL outperform...
IMS Research Team @ Intermarket Securities 14 November 2022
Details
Pakistan
Asia
Automobiles & Components
About
Indus Motor Company Limited was created through a joint venture agreement between the House of Habib, the Toyota Motor Corporation and the Toyota Tsusho Corporation, in order to assemble, manufacture and market Toyota vehicles. The company is also the sole distributor of Toyota vehicles in Pakistan.
