Indus Motor unveils Rs1.1bn localisation plan

The Indus Motor Company’s (IMC) board of directors has approved an additional investment of Rs 1.1 billion to further localise parts and components for its existing vehicle lineup. With this fresh investment, the total allocation for the localisation project has reached Rs4.1bn, the company said in a stock exchange filing on Monday. The company aims to complete this investment by the first quarter of 2026. IMC stated that this initiative is part of its overall strategy to increase the localisation of parts and components in vehicles manufactured locally. The goal is to reduce foreign exchange outflows, boost the local parts industry, generate employment and contribute to the national economy. The company said the investment would be directed towards expenditure in plant and machinery, moulds, dies, equipment and other related expenses necessary for the localisation of parts and components for various existing vehicles.