The Toyota car maker closed its plant


The Toyota car maker closed its plant

Toyota's maker Indus Motor Company (IMC) decided to shut down its production in the remaining days of September due to a drop in demand, calling it "non-production dies" (NPDs) or non-productive days. Indus Motors officials said on condition of anonymity that the company was already experiencing 8 NPDs in July and 11 to 12 NPDs in August.
He said federal excise duty (FED) on multi-engine capacity vehicles decreased by 2.5 to 7.5 percent, reducing the value of dollars against rupees, while additional customs duty and rates on imported parts and raw materials. Interest rates have increased the price of their vehicles far above the market.


Authorities say 'September is more than half a month'.

Sources said that more than 3,000 unsold vehicles have been collected at IMC plant and its dealership network across the country. In September, the plant was operating at 50% of its capacity. Toyota also confirmed that IMC production will be shut down from September 20 to September 30. Toyota Corolla sold 5,308 and 3,708 units between July and August respectively, compared to 8,804 units in the same month last year. And 8,770 units were sold, which shows a 40% and 57% drop in sales.
Toyota Hilux sold 793 and 716 units between July and August respectively, while it sold 1,383 and 1,292 units in the same month last year, showing a 42 and 44 percent decline. In the same month last year, there were 484 and 424 percent, which shows a decline of 52 and 62 percent, respectively.

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