“To meet the increasing demand from our valued customers Indus Motor is striving to increase production capacity by further 20pc by April 2022, ” said Chief Executive Officer (CEO) of Indus Motor Company (IMC), Ali Asghar Jamali while talking to the media. He said that the recently announced $100 million investment is completely for Hybrid vehicles localized production and an additional $30m will be spent on plant expansion. He said that Hybrids will help achieve all the Government’s macroeconomic and environmental goals while adding that infrastructure is ready for hybrid vehicles in the country and it will help generate jobs through localization. Article continues after this advertisement“Hybrid vehicles will save up to 50pc fuel directly impacting the carbon footprint and carbon emission,” he reasoned. “These factors affect the prices of cars and they are beyond the control of manufacturers,” said Jamali.

Source: Pakistan Today September 23, 2021 17:06 UTC