Indus Motor Company temporarily shuts operations

By MG News | October 28, 2024 at 11:25 AM GMT+05:00

0:00

October 28, 2024 (MLN): Indus Motor Company Limited (PSX: INDU) has decided to temporarily suspend operations at its production plant from October 29 to 31 due to parts shortage.

In a stock filing on Monday, the company said it is currently experiencing low levels of raw material and component inventory and is facing ongoing supply chain challenges.

This has resulted in a shortage of parts and components necessary for vehicle production.

As a result, the company is unable to meet its production requirements, it said.

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