The head of the Indus Motor Company (IMC), Ali Asghar Jamali, expressed deep concern over the escalating import rates of used cars in Pakistan, overshadowing the production numbers of some original equipment manufacturers (OEMs) even amidst the import control measures. He revealed that the financial year 2022-23 saw the import of over 6,000 used cars, with more than 1,200 units imported in May and June. According to him, this continuous influx is thwarting the goals achieved by the local auto industry in Pakistan. He urged the government to focus on supporting policies that bolster the local auto industry, emphasizing that sustainable growth in the sector can only be realized with a well-crafted import policy.
IMC’s Vision for Hybrid Electric Vehicles in Pakistan
In light of the prevailing challenges, Jamali showcased IMC’s unwavering commitment towards the betterment of the country and the welfare of its employees, abstaining from layoffs despite supply-side recovery uncertainties. He highlighted the pressing need to address climate change, citing Pakistan as one of the most severely impacted nations, with a notable increase in annual CO2 emissions reported by the Global Carbon Budget 2022. Jamali sees Hybrid Electric Vehicles (HEVs) as a viable solution to the environmental crisis and a means to spur economic growth, create jobs, and enhance exports while minimizing imports. Highlighting Toyota’s significant investment in Pakistan to foster the production of HEVs, he announced the imminent launch of Corolla Cross, Pakistan’s first locally manufactured HEV SUV.
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