Toyota Pakistan Plans First Locally-Built Hybrid Electric Car Launch Next Month
LAHORE MIRROR — Indus Motor Company (IMC) — the assembler of Toyota vehicles in Pakistan — is planning to introduce the Corolla Hybrid Electric Vehicle (HEV) produced locally, with a launch anticipated by December.
The company plans substantial $100 million investment in domestic HEV production with an estimated annual saving of $37 million and production of up to 30,000 HEV units.
This move is a significant step in the automotive industry of Pakistan, steering it towards a more eco-friendly and sustainable direction.
The company imported over 6,500 used cars in the fiscal year 2022-23, and more than 7,500 in the first three months of the current fiscal year.