Indus Motor Company temporarily shuts operations

MG News | November 15, 2024 at 03:53 PM GMT+05:00

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November 15, 2024 (MLN): Indus Motor Company Limited (PSX: INDU) has decided to temporarily suspend operations at its production facility from November 18 to 20 due to parts shortage.

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

The company said it is facing challenges in sourcing the necessary parts for vehicle production.

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

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