Days after British oil and gas company Shell announced that it would exit Pakistan, Toyota is likely to shut its operations permanently and exit the cash-strapped country, Twitter users claimed on Sunday.
Twitter is flooded with claims that Indus Motors, which makes Toyota vehicles in Pakistan, is set to permanently shut down its plant. However, there is no confirmation yet from the automaker.
“According to the report, Toyota Indus Motors is set to permanently Shutdown their Plant in Pakistan and leave Pakistan permanently,” said Safar Khan, a journalist based in Balochistan.
Nakvi, another Twitter user, shared the same news and wrote: “Sources Claim That Toyota Indus Motors is set to permanently Shutdown their Plant from Pakistan and leave Pakistan permanently.”
Jehanzeb Nawaz, a stock trader, sought some clarification on the report that Toyota Indus was shutting its operations in Pakistan. “If the news is correct then What will be the status of cars already booked if any? Advance payments. Liabilities. Dealerships etc. & if a false rumor what legal action are u people considering against this kind of nonsense.”
Earlier this month, Toyota Indus Motors halted its production due to a disruption in the company’s supply chain, according to ARY News. In a letter to the general manager of the Pakistan Stock Exchange, the company management said its production would be shut down due “delay in opening of Letters of Credit (LC) and inventory shortages”.
