Karachi: Indus Motor Company Limited has announced an additional investment of Rs. 1 billion to enhance its ongoing efforts to localize parts and components for its vehicles. This decision was approved by the Board of Directors in a meeting held on April 24, 2026. The company’s strategic move aims to boost the domestic automotive industry and contribute to the national economy.

The newly announced investment comes in addition to a previously disclosed Rs. 4.1 billion initiative, bringing the total investment in the localization project to Rs. 5.1 billion. The initial investment was first communicated in a letter dated August 30, 2024. Indus Motor Company plans to complete the original Rs. 4.1 billion project by the end of 2026, while the additional Rs. 1 billion investment is expected to be finalized by the end of 2027.

According to information available from the Pakistan Stock Exchange (PSX), the company’s initiative is part of a broader strategy to progressively increase the localization of parts and components for locally manufactured vehicles. This approach seeks to reduce the outflow of foreign exchange, promote the domestic automotive sector, generate employment, and support economic growth.

The investment will be directed towards expenditures on plant and machinery, molds, dies, equipment, and other related costs associated with the local manufacturing of vehicle parts and components. The company has requested that this information be disseminated to the certificate holders of the exchange.