Indus Motor Company, responsible for assembling Toyota vehicles in Pakistan, has announced a temporary shutdown of its assembly plant from September 26 to 30 due to a critical shortage of parts. This closure is the latest in a series of production halts stemming from persistent supply chain disruptions.
As per a report in Dawn, the company cited severe challenges in maintaining adequate inventories of raw materials and essential components required for vehicle production. These shortages have hampered its ability to meet production targets.
This is not the first time Indus Motors has faced such a situation. In early August, the company also suspended operations from the 6th to the 8th due to similar issues, underscoring the ongoing supply chain constraints in Pakistan’s automotive sector. The shortage of parts, exacerbated by global supply chain problems, has had a noticeable impact on local production in Pakistan, causing delays in deliveries and extended waiting periods for customers.
Siemens Restructures Business Segment, Job Reductions Expected in Pakistan
In another significant development in Pakistan’s industrial sector, Siemens Pakistan Engineering Company is set to restructure one of its key operational segments, the ‘Electrification and Automation Business,’ within its Smart Infrastructure division. This transformation is expected to cost an estimated PKR 556 million.
According to a regulatory filing, Siemens highlighted that the changes are aimed at better aligning the business with the needs of the Pakistani market and its local customers. While the transformation promises increased efficiency and adaptability, it is also likely to result in job reductions within the company.