Toyota’s Indus Motor Company (IMC) has taken to social media to apologize for delay in car deliveries of already booked orders. According to the details, Toyota Pakistan is unable to meet the timeline of car deliveries because of the LC approval constraints for CKD imports and drastic devaluation of the Pakistani Rupee against US Dollar (USD to PKR).
“Indus Motor Company, along with the rest of the nation is facing ongoing and extreme difficulties in its operations due to the current economic instability in Pakistan, resulting in a force majeure situation which has adversely impacted the delivery schedule of already booked orders.” said the company.
It added that State Bank of Pakistan’s Letter of Credit (LC) approval constraints for Completely Knocked Down (CKD) imports, and drastic rupee devaluation are causing considerable problems for the auto industry and have disrupted IMC’s production in the country.
“Thus, we are unable to meet the tentative delivery timelines and we will soon be announcing the revised delivery schedule as well as re-opening of order intake.” the company added. “We stand with Pakistan in this ordeal and are positive that with continued teamwork and perseverance, we will be able to emerge out of this situation as a Nation and be able to facilitate our esteemed customers.”
This means that customers who have booked Toyota vehicles will have to wait some time for the deliveries as there as company is unable to meet the previous schedule due to halt in production as it is unable to import CKD kits with the ban on imports.