Production at Toyota Indus has been temporarily halted
Toyota Indus, a subsidiary of Toyota operating in Pakistan, has announced the complete shutdown of its production plant in Karachi from June 3 to June 8, 2023. The company cited supply chain disruptions as the primary reason for the temporary closure. Challenges in importing raw materials and obtaining clearance for consignments have impacted the company's supply chain, leading to insufficient inventory levels, and hindering vehicle production. This marks the fourth time in 2023 that Toyota Indus has halted production due to supply chain issues.
Furthermore, the company's stock has experienced a decline over the past year. Over the last 12 months, Toyota Indus' stock has fallen by almost 23.5%. On June 7, 2022, one share of Toyota Indus stock was valued at Rs 1227.20 ($14.87). However, as of 9:00 AM EDT June 6, 2023, one share of Toyota Indus stock is now worth Rs 938.88 ($11.38). The combination of supply chain disruptions and the decline in stock value poses significant challenges for Toyota Indus and its operations in Pakistan.
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