Wednesday, July 24, 2024

Indus Motor Halts Production Amid Supply Chain Challenges

Indus Motor Company Limited has announced the temporary closure of its production plant from March 6 to March 11, citing supply chain challenges and shortages of parts and components.

This decision, aimed at addressing the current low inventory levels and ensuring efficient operations, marks the first production shutdown for the company in 2024.

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The automobile assembler informed the Pakistan Stock Exchange (PSX) about the closure, stating that any updates or changes to the plan would be communicated accordingly.

This move follows a similar shutdown in August 2023, prompted by supply chain disruptions and inventory shortages.

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Mazhar Ali Raza
Mazhar Ali Raza
Mazhar Ali Raza is a senior journalist from Karachi. He has served more than twenty years in journalism. He was recently associated with the dunya media group as a senior business reporter from the last eleven years . Prior to that he has worked for CNBC for the period of four years. His major beats were the energy auto banking and agriculture sector . He has covered many seminars and exhibitions in Pakistan and abroad as well .

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