Indus Motor shuts plant for six days

KARACHI: Indus Motor Company (IMC) has announced a six-day shutdown of its production plant owing to the shortage of auto parts and components. In a notice sent to the Pakistan Stock Exchange (PSX) on Wednesday, the automaker said that production would remain suspended from March 6 to 11. “Based on the current low level of inventory of manufactured vehicles, and shortage of parts and components for the manufacturing of vehicles due to supply chain challenges, the company has decided to close its production plant from March 6 to 11. In case of any change in plan, it will be updated accordingly,” the company said. Earlier too, the company has closed its plant multiple times in the backdrop of inventory challenges faced over the past around one year. “It does not augur well if an automaker closes its production plant for a week. A new but experienced government has come to power and it must announce an industrial policy forthwith with a view to promoting industrialisation, generating jobs and controlling inflation,” auto sector expert Mashood Khan said while sharing his views with The Express Tribune.