ISLAMIC CITY: The News reported on Thursday that the Indus Motor Company (IMC), which builds Toyota cars in Pakistan, plans to launch the locally-made Corolla Hybrid Electric Vehicle by next month. The company says this is part of a $100 million plan to cut costs and pollution.
Reports said this happened after the company’s CEO, Ali Jamali, announced the IMC’s plans on Wednesday. This shows how important Toyota’s huge $100 million investment in HEV production in Pakistan is.
The investment will not only lower the cost of imports, but it could also save $37 million a year once 30,000 HEVs are made. This statement is a turning point in the auto industry of the country. It paves the way for a more sustainable and eco-friendly future.
This eco-friendly project fits right in with the Sustainable Development Goals of the United Nations, which are mainly about tackling climate change. When HEVs are introduced, pollution will go down, jobs will be created, and the country’s ability to sell goods will grow.
Jamali was very worried about a number of things that have caused the prices of locally made cars to go up so quickly. People pointed out that high taxes, inflation, bringing in used cars, and unstable currencies are some of the main causes of this problem getting worse.