Indus Motor Company Limited (PSX: INDU) has announced a temporary suspension of operations at its production plant from October 29 to October 31, 2024. The decision, disclosed in a filing to the Pakistan Stock Exchange on Monday, is attributed to ongoing supply chain challenges and low inventory levels of raw materials and components.
The company is currently facing a shortage of essential parts and components required for vehicle production, which has hindered its ability to meet production demands. As a result, Indus Motor Company has opted to halt operations temporarily to address these supply chain disruptions.
This announcement comes on the heels of the company’s recent financial report, which highlighted a 58% increase in profits for the first quarter of FY2025. Despite the strong financial performance, the supply chain issues underscore the challenges faced by the automotive industry in maintaining consistent production amid global disruptions.
Indus Motor Company is working to resolve these supply chain challenges and aims to resume normal operations as soon as possible. The company has assured stakeholders that it is taking all necessary measures to mitigate the impact of the shutdown on its production schedule and overall business operations
