The text you provided describes the anticipation and significance of the upcoming launch of the locally assembled Toyota Corolla Cross in the Pakistani automotive market.The Indus Motor Company (IMC) has invested $100 million in advancing hybrid vehicle technology within the country, with the Corolla Cross being the flagship product of this initiative.
Key points highlighted in the text include:
Investment in Hybrid Technology: The IMC's substantial investment in hybrid vehicle technology demonstrates a commitment to advancing eco-friendly transportation options in Pakistan.
Unveiling to Prime Minister: In June 2023, a delegation from the Indus Motor Company presented the first locally manufactured Toyota Corolla Cross Hybrid Electric Vehicle (HEV) to Prime Minister Shehbaz Sharif.
Localization Efforts and Auto Policy: Prime Minister Sharif praised the initiative and emphasized the importance of increasing localization efforts for vehicles within Pakistan. The HEV incentives outlined in the Auto Policy 2021-2026 are expected to support the launch.
Expected Launch: The initial launch window was set for June-July 2023, but economic circumstances have caused a slight delay. The launch of the locally assembled Corolla Cross is now anticipated for December 2023 or January 2024.
Partnership with Toyota: The collaboration between the Indus Motor Company and Toyota is seen as a driving force behind a greener automotive future for Pakistan
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