KARACHI: Indus Motor Company Limited (PSX: INDU) has announced an additional investment of Rs. 1 billion to further strengthen the localization of automotive parts and components, taking the company’s total investment under the initiative to Rs. 5.1 billion.
According to the company’s material information disclosure submitted to the Pakistan Stock Exchange (PSX), the Board of Directors approved the additional investment during its meeting held on April 24, 2026. The new allocation expands an earlier localization program of Rs. 4.1 billion, which was announced in August 2024 and is currently in progress.
Indus Motor stated that the investment is aimed at increasing the local production of parts and components for its vehicles. The initiative is expected to reduce reliance on imported components, lower the outflow of foreign exchange, and support the continued development of Pakistan’s domestic automotive industry.
The company noted that the additional funds will be utilized for expenditures on plant and machinery, molds, dies, equipment, and other manufacturing-related costs required for the localization of vehicle parts and components. This investment is also expected to contribute to employment generation and provide broader economic benefits.
Indus Motor expects the expanded localization project, including the newly approved investment, to be completed by the end of calendar year 2027, marking another significant step in the company’s long-term strategy to enhance local manufacturing capabilities and strengthen Pakistan’s automotive supply chain.
