IMC Highlights Plans to Invest Rs4bln Investment in Pakistan

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Indus Motors Company, Pakistan’ leading automaker, on Saturday revealed its plan to invest four billion rupees worth of investment plan to extend its production capacity from 54,800 to 60,000 units in a working year. Sources report that at present the company is rolling out 65,000 units a year by working on holidays. However, once this capacity increases by 2018, IMC will be in a position to manufacturer 75,000 units in a year by working on holidays.

Despite being one of the most densely-populated areas of the world, Pakistan has not seen a rapid motorization. Sources report that Pakistan has only 16 cars per 1,000 people and by 2020 this number could go up to 20 cars per 1,000 individuals. Keeping the past couple of years in sight, the local automobile industry is rapidly growing with expectations rising from the existing 225,000 units to half a million by 2025. To keep up with the rapid growth IMC is planning to eventually take its plant capacity to 80,000 units and produce 100,000 units with overtime. Right now, the company’ boasts a 28pc share in the local automobile market and with this move, IMC will catapult itself to claim a bigger chunk in the local auto market. In addition to elevating company’ production capacity, this new investment will also create up to 400 direct and 4,000 indirect jobs.

 

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