KARACHI: Federal Secretary Industries and Production Asad Rehman Gilani has said that while embarking on this journey with locally manufactured hybrid electric vehicles (HEVs) on our roads, let’s keep in mind, that the country must expedite exports to reduce the trade deficit.

“I see no better partner to support this goal, than our long-term standing partner, Toyota,” he said while gracing the rolling out of much awaited 4th generation Toyota Corolla Cross Hybrid Vehicle at the manufacturing facility of Indus Motor Company (IMC).

The federal secretary said that the government remains committed to supporting the auto sector’s endeavours in introducing hybrid and electric technologies in Pakistan, as outlined in the Auto Policy 2021-26.

IMC Chairman Mohamedali R. Habib said stakeholders’ continued support and trust made this dream of “Make in Pakistan” come true which is an ode to localisation which also reflects the deep-rooted friendship between Japan and Pakistan.

Chief Executive Ali Asghar Jamali said IMC has invested over $100 million to manufacture the first Make-in-Pakistan HEV which boasts the highest-ever localised content achieved in the SUV category.

Toyota Motor Corporation President Yoshiyuki Takai said more customers in Asian countries are choosing HEVs. Based on feedback, many HEV customers are satisfied, not only with the excellent fuel efficiency but also with the advanced driving taste of the car. More HEVs on the road means greater carbon footprint reduction to be achieved in Pakistan, he added.

Published in Dawn, December 7th, 2023