KARACHI: Indus Motor Company (IMC), the local assembler of Toyota vehicles in Pakistan, is considering entering the commercial import business of used cars after the government recently changed its policy.
According to company officials, IMC has approached the Engineering Development Board (EDB) to seek clarification about documentation, procedures, and compliance requirements for starting used car imports.
While continuing its local completely knocked down (CKD) operations that promote employment, localisation, and value addition, IMC is now exploring opportunities in the used car segment under the new framework.
IMC Chief Executive Ali Asghar Jamali told Private Media that the company plans to import all kinds of models. “We will import everything — all sorts of models as soon as possible,” he said. When asked whether imported used cars would be cheaper than locally assembled ones, he replied, “Let’s see. We will know when we start doing it.”
IMC said it is ready to support the new business through its 58 dealerships nationwide, equipped with trained technicians and engineers to ensure quality after-sales service and vehicle reliability.
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The company already operates Toyota Sure, a certified used car programme that allows customers to trade in and purchase verified pre-owned Toyota vehicles. IMC said this platform provides a one-stop solution for all automotive needs, including exchange and certification services.
The company has formally requested the EDB to issue a detailed procedural roadmap for regulatory compliance.
This development comes after the Ministry of Commerce issued SRO 1895(I)/2025 on June 30, allowing the commercial import of used vehicles under HS Codes 8702, 8703, 8704, and 8711.
In Pakistan’s used car market, Pak Suzuki Motor Company Ltd (PSMCL) already runs a certified used car programme offering vehicles with up to a one-year warranty, without involving middlemen or commissions. The company also holds regular Used Car Gala events, displaying over 125 Suzuki vehicles at the Expo Centre.
However, Honda Atlas Cars Ltd (HACL) does not have a certified used car platform. Officials from Chinese and Korean car assemblers avoided clear statements regarding their plans. One Korean assembler said, “We do not encourage or support used car imports.”
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Despite exploring new ventures, IMC reported strong growth in its existing operations. The company sold 33,757 units in FY25, up 56 per cent from the previous year. Net sales increased to Rs215.14 billion from Rs152.48bn, while net profit after tax rose to Rs23bn from Rs15.07bn.
Similarly, Honda Atlas Cars Ltd posted higher sales of Rs26bn during April–June 2025, compared to Rs16bn in the same period last year, while profit jumped to Rs828 million from Rs202m.
Local assemblers have also been importing brand-new vehicles in small numbers for several years to test customer interest before launching local production.
