April 27, 2026 (MLN): Indus Motor Company Limited (PSX: INDU) has moved forward with its ongoing localization initiative, increasing the total investment to Rs5.1bn as part of efforts to strengthen domestic manufacturing.

This development continues from the company’s earlier plan involving an investment of Rs4.1bn for the localization of parts and components of various existing vehicles, which remains underway and is expected to be completed by the end of calendar year 2026.

The Board of Directors, in its meeting held on April 24, 2026, approved an additional investment of Rs1bn to further enhance the localization of parts and components.

With this increase, the total allocation for the project now stands at Rs5.1bn, according to the company's statement issued today.

The initiative aligns with the company’s broader strategy to progressively increase the localization of parts and components for locally manufactured vehicles.

The objective includes reducing the outflow of foreign exchange, promoting the domestic automotive industry, generating employment, and contributing to the national economy.

The investment will be utilized for expenditures related to plant and machinery, molds, dies, equipment, and other associated costs tied to the local manufacturing of vehicle components.

The additional Rs1bn investment is expected to be completed by the end of calendar year 2027.

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