Islamabad, Sep 2: A further investment of Rs. 1.1 billion has been approved by the Board of Directors of Indus Motor Company Limited (PSX: INDU) for the localization of parts and components of various existing vehicles by Q3 2025. This brings the overall investment in the initiative for greater localization to Rs. 4.1 billion, in addition to the Rs. 3 billion the car assembler originally announced back in February 2024.
This is a part of the company’s larger strategy to steadily increase the localization of car parts and components made in the country in order to boost the local auto industry, create jobs, and lessen the amount of foreign exchange that is exported.The aforementioned investment will be used to pay for the purchase of plant and machinery, dies, molds, equipment, and associated costs in order to localize the manufacture of parts and components for a variety of current cars. By the first quarter of 2026, the remaining Rs. 1.1 billion in investment is expected to be finished.
