Due to non-availability of raw materials, the plant will be completely closed from March 24 to 27, Indus Motors spokesperson (Photo: File)
Karachi: Indus Motors has announced to close the plant for four days due to shortage of raw materials due to non-opening of LCs.
Due to shortage of dollars in the country and non-opening of LCs for imports by the State Bank, the issue of import of raw materials has become very serious and the local car manufacturer Indus Motors has completely shut down its plant for four days. It has been announced to be closed.
Toyota vehicle manufacturer Indus Motors Company has informed the Pakistan Stock Exchange that it is not possible for the company to operate its plant due to shortage of dollars and non-issue of LCs for import of raw materials by the State Bank. Stayed.
According to the company spokesperson, the company currently does not have adequate inventory for the production of vehicles and the supply chain of the company is likely to be affected due to the shortage of raw materials.
According to the company spokesperson, Indus Motors has decided to keep its plant completely closed for four days from March 24 to March 27, considering the current situation.
According to company sources, any decision to operate the plant fully or partially after the said period will be taken keeping in view the availability of raw materials.
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