Automaker eyes $400m investment, plans EV launch in Pakistan

A leading Japanese Car manufacturer has announced plans to invest up to $400 million in Pakistan. The investment will be made through its local partner Indus Motor Company, 24NewsHD TV reported on Saturday.

The move is aimed at expanding operations and preparing for future trends in the auto sector.

Speaking in Karachi, Indus Motor CEO Asghar Ali Jamali said the company plans to invest between $300 million and $400 million over the next four to five years.

He explained that the investment will support growth and align with global changes in the Car industry, especially the shift toward electric vehicles.

Jamali stressed the need for a clear long-term policy.

He urged the government to introduce a 10-year auto policy instead of the current five-year plan.

According to him, a stable policy framework is essential for launching new technologies like electric Car models in Pakistan.

"The government must introduce a longer and clearer policy framework to support industry growth and electric vehicle (EV) adoption."

“We want a 10-year auto policy instead of five years, one that is clear and free of ambiguity,” Jamali told reporters. “Toyota is prepared to invest $300–400 million in Pakistan over the next five years.”

He said the global shift toward EV technology was accelerating and Pakistan should position itself to benefit from the transition. “Electric vehicles are the future, and we are ready to launch EV models locally,” he added.