Toyota Japan raises stake in IMC: New Corolla model launched

KARACHI  - Toyota Motor Corporation (TMC) Japan has raised its stake in Indus Motor Company (IMC) to 25 per cent after acquiring 12.5 percent shares from local market.

This was stated by the Chief Executive Officer of IMC Pervez Ghias while responding to a question at a press briefing along with director sales IMC, Raza Ansari here Wednesday.

He said that TMC has purchased 7.5 percent from local shareholders and 5 percent from House of Habib.

He pointed out that Toyota Japan looks at Pakistan positively and see it as a promising future market with a large population and growing income.