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Indus Motor halts production on supply chain woes

March 06, 2024 (MLN): The management of Indus Motor Company Limited (PSX: INDU) decided to close its production plant from March 6, 2024, to March 11, 2024, the company’s filing on PSX revealed today.

This is due to the low inventory level of manufactured vehicles, and shortage of parts and components for manufacturing of vehicles as a result of supply chain challenges.

“In case of any change in plan, it will be updated accordingly,” the notification reads.

Copyright Mettis Link News

Posted on:2024-03-06T09:44:47+05:00

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