Indus Motor closes production plant due to shortage of components

In a notification sent to the PSX on 06/03/2024, Indus Motor Company Limited(INDU) announced that it was closing its production plant.

The company has decided to close its production plant due to supply chain issues, citing ‘shortage of parts and components for manufacturing of vehicles’ as the reason for the closure.

The plant will remain closed from 6th March 2024 to 11th March 2024.

If any change is made to this plan, the company will announce it to shareholders beforehand.

INDU shares last closed at Rs. 1549.36.