In recent days, social media has been abuzz with a tweet claiming that Toyota Pakistan, a prominent automotive company, is leaving the country for good. Such news, especially in light of other companies like Shell International departing from Pakistan, has sparked confusion and restlessness among market forces and consumers.
Toyota Pakistan's Official Statement
Toyota Pakistan promptly responded to the circulating rumors, labeling them as fake news and baseless speculation. According to an official from Toyota Pakistan, the claim of the company leaving the country is entirely false.
The official pointed out that Indus Motor Company (IMC), the assembler of Toyota vehicles in Pakistan, has invested a substantial $100 million in the development of hybrid cars within the country. This investment contradicts the notion that the company would abruptly abandon the Pakistani market.
Sources and Hybrid Car Production
Furthermore, credible sources indicate that Toyota Pakistan is fully dedicated to its operations in the country. The company has established hybrid plants, and production of the Corolla Cross, a hybrid model, has already commenced.
Given these developments, it becomes evident that Toyota Pakistan's decision to invest in hybrid car manufacturing aligns with a long-term commitment, rendering the rumors of their departure baseless and unfounded.
Toyota Pakistan's Newspaper Advertisement
To dispel any doubts, Toyota Pakistan took the initiative to publish an advertisement in multiple newspapers, emphasizing their commitment to reducing carbon footprints in Pakistan.
Toyota Pakistan has made a significant investment of $100 million in the production of Hybrid Electric Vehicles (HEVs) within the country, marking a remarkable milestone in the manufacturing of locally made eco-friendly vehicles.
This gesture reaffirmed the company's dedication to sustainable practices and served as evidence that Toyota Pakistan has no intentions of leaving the country. The advertisement also expressed gratitude towards the Government of Pakistan for its efforts in promoting hybrid electric vehicles.
AIDEPD 2021-2026 Policy Initiatives
Toyota Pakistan acknowledged the government's AIDEPD 2021-2026 policy initiatives, which have played a crucial role in fostering the growth of hybrid electric vehicles within the country.
The company's advertisement highlighted that it has invested over US$100 million in manufacturing the first Made in Pakistan, Hybrid Electric Vehicle (HEV), with a significant level of localization. This further solidifies the fact that Toyota Pakistan remains fully committed to the Pakistani market.
In conclusion, the rumors circulating about Toyota Pakistan's departure from the country are nothing more than unfounded claims. The official statement from Toyota Pakistan, coupled with their substantial investment in hybrid car production and the publication of an advertisement focused on reducing carbon footprints, are clear indicators of their unwavering commitment to Pakistan.
It is imperative to rely on credible sources and official statements rather than unsubstantiated social media speculation. Toyota Pakistan's continuous contributions to the automotive industry in Pakistan demonstrate its long-term vision and dedication to the country's growth and development.
