INDU responds to parts shortage with temporary shutdown

In a notification sent to PSX on 30/04/2024, Indus Motor Company Ltd (INDU) has announced that it has halted production amidst the supply chain crisis.

Based on current low level of inventory of manufactured vehicles, and shortage of parts and components for manufacturing of vehicles, due to supply chain challenges, the Company has decided to close its production plant from 02-May 2024 to 08-May 2024 (both days inclusive). in case of any change in plan will be updated accordingly.

The shares of INDU were last trading at Rs. 1610.00 today.