Ali Asghar Jamali

chief executive of Indus Motor Company

Compiled from 1 recorded interview. Every statement below is drawn from the passage cited beside it.

Ali Asghar Jamali is the Chief Executive Officer of Indus Motor Company Limited (IMC), the official assembler and distributor of Toyota vehicles in Pakistan. He studied chartered accountancy and completed an executive program at Harvard Business School. He has said he started with Indus Motors in 2000 and has worked in almost every area of the company.

Education

Jamali studied chartered accountancy. He did his CA through a chartered accountancy firm. He also completed an executive program at Harvard Business School. [1]

Early career

Jamali worked for about six months at EY. EY were the auditors of Indus Motors. He was the manager for the external audit of Indus Motors. [1]

He joined internal audit and moved to finance. He has worked in other functions such as marketing, sales, parts and corporate planning. [1]

Indus Motor Company

Jamali has said he started with Indus Motors in 2000. He is the Chief Executive Officer of Indus Motor Company Limited (IMC), which is the official assembler and distributor of Toyota vehicles in Pakistan. He has said he has worked in almost every area of the company. [1]

The Toyota range at Indus Motors includes the Yaris, Corolla, Corolla Cross, Revo and Fortuner. Jamali has said Indus Motors has the biggest press shop in Pakistan. He has said he has worked with almost five governments and was part of the 2021 to 2026 automotive policy. [1]

Views on taxation and policy

Jamali has said the 2016 to 2021 automotive policy brought new entrants into the market, and that competition is always good for the market. He has said new entrants will have to localise, or they will not be able to compete. He has also said the automobile sector contributes 4 to 5% of Pakistan's GDP. [1]

On taxes, he has said that, on average, more than 50% of the price of each car Indus sells goes to the Government of Pakistan. He has said a Fortuner's on-road price of 2 crore 30 lakh includes 1 crore 40 lakh of taxes. He has said Pakistan is the highest in the region on taxation. [1]

On duties, he has said the customs duty on CKD parts in Pakistan is 30%, and 46% on parts made locally. He has said India's customs duty on the same CKD parts is 15%. He has said the government should set policy so a local raw material industry can develop. [1]

Jamali has said a country should have a long-term plan of 15 to 50 years, with 20 years the minimum. He has said the biggest thing is that Pakistan has no long-term policy. He has said India was in worse condition than Pakistan in 1990, and that he knows exactly what the plan is ten years ahead. [1]

Views on auto financing and the market

Jamali has said 80% or more of vehicles are auto financed everywhere in the world. He has said sales through financing are currently about 13%. He has said Pakistan's status as an Islamic country keeps many buyers away from bank financing. [1]

He has said $3,000 is the magic number for the automobile industry because the middle class starts growing. He has said automobile imports are only 1.2% of Pakistan's total import bill. He has said the automobile market used $1.8 billion while producing 350,000 cars. [1]

Views on localisation and manufacturing

Jamali has said Indus localised at that time, which gave it an advantage. He has said Pakistan's volume has been the highest in the whole of South East Asia, and that Pakistan ranks fourth in the world for Corolla volume. He has said the Corolla has been the love of the nation, and that any part of a Corolla that you can see and touch has more than a 90% chance of being made in Pakistan. [1]

He has said the sheet is imported because the raw material is not available in Pakistan. He has said Indus's margin is around 1% or less, against the 6 to 7% that dealers receive. He has said Pakistan's labour cost gives about a 40 to 50% advantage over comparable countries, and that labour is not a large component of a car's cost. [1]

Jamali has said there can be differences in specifications, and that vehicles are built to collapse in a crash to protect the cabin. He has said locally made cars create many jobs. He has said allowing used ACs would close the local AC industry. [1]

Views on exports

Jamali has said Indus has exported vehicles, parts and manpower. He has said without rising volume there will be no economy of scale. He has said Pakistan's lack of free trade agreements keeps Indus from exporting to African markets. [1]

He has said Indus is exporting at a loss to reach markets with lower duties. He has said FTAs are for the government to negotiate, not for companies. He has said left-hand and right-hand drive does cause a problem. [1]

Views on electric vehicles

Jamali has said electric vehicles are a reality and will come, and that he is not against electric vehicles. He has said electric vehicles will change Pakistan's car industry within two or three years. He has said Toyota's philosophy is to bring the right product, even if it is a little late. [1]

He has said that, even after removing the transmission and engine, the cost is much higher than that of an ICE vehicle. He has said battery cost is very high, and that electric vehicles currently carry no tax. He has said Pakistan needs at least $4 billion for charging infrastructure, and that gas and coal are imported to produce electricity. [1]

He has said the belief that EVs will cut oil imports is wrong, and that the belief that EVs will improve Pakistan's climate is wrong. He has said EVs will reduce tax revenue for the government. [1]

Timeline

2000
Started with Indus Motors, according to Jamali.[1]
2016
Start of the 2016 to 2021 automotive policy, which Jamali has said brought new entrants into the market.[1]
2021
Start of the 2021 to 2026 automotive policy, which Jamali has said he was part of.[1]

Appearances

DateTitleWhere
2025-05-23 Half the price of a Fortuner in Pakistan is tax Thought Behind Things

Frequently asked questions

Who is Ali Asghar Jamali?

Ali Asghar Jamali is the Chief Executive Officer of Indus Motor Company Limited (IMC). The company is the official assembler and distributor of Toyota vehicles in Pakistan.[1]

What does Ali Asghar Jamali do?

Ali Asghar Jamali is the Chief Executive Officer of Indus Motor Company Limited (IMC). The company is the official assembler and distributor of Toyota vehicles in Pakistan.[1]

Where did Ali Asghar Jamali study?

Ali Asghar Jamali studied chartered accountancy and did his CA through a chartered accountancy firm. He also completed an executive program at Harvard Business School.[1]

When did Ali Asghar Jamali join Indus Motors?

Ali Asghar Jamali has said he started with Indus Motors in 2000. He has said he has worked in almost every area of the company.[1]

What roles has Ali Asghar Jamali held?

Ali Asghar Jamali was the manager for the external audit of Indus Motors, and he worked for about six months at EY. He joined internal audit and moved to finance. He has worked in other functions such as marketing, sales, parts and corporate planning.[1]

Which Toyota models does Indus Motors sell?

The Toyota range at Indus Motors includes the Yaris, Corolla, Corolla Cross, Revo and Fortuner. Indus Motors is led by Ali Asghar Jamali as Chief Executive Officer.[1]

What does Ali Asghar Jamali say about electric vehicles?

Ali Asghar Jamali has said electric vehicles are a reality and will come, and that he is not against them. He has said they currently carry no tax and that battery cost is very high. He has said Pakistan needs at least $4 billion for charging infrastructure.[1]

What does Ali Asghar Jamali say about taxes on cars in Pakistan?

Ali Asghar Jamali has said that, on average, more than 50% of the price of each car Indus sells goes to the Government of Pakistan. He has said a Fortuner's on-road price of 2 crore 30 lakh includes 1 crore 40 lakh of taxes.[1]

References

  1. Half the price of a Fortuner in Pakistan is tax . Thought Behind Things , 2025-05-23.
Show the source passages (67 statements)
  1. Ali Asghar Jamali is the Chief Executive Officer of Indus Motor Company Limited (IMC). the Chief Executive Officer (CEO) of Indus Motor Company Limited (IMC)
  2. Indus Motor Company is the official assembler and distributor of Toyota vehicles in Pakistan. the official assembler and distributor of Toyota vehicles in Pakistan
  3. Ali Asghar Jamali has said he started with Indus Motors in 2000. I started Indus Motors in the year 2000
  4. Ali Asghar Jamali studied chartered accountancy. I did my chartered accountancy
  5. Ali Asghar Jamali did his CA through a chartered accountancy firm. my CA from, uh, A. F. Ferguson's
  6. He worked for about six months at EY. six months or something with EY
  7. EY were the auditors of Indus Motors. EY were the auditors of Indus Motors
  8. He was the manager for the external audit of Indus Motors. I was the manager for audit, external audit for Indus Motors
  9. He joined internal audit and moved to finance. I joined the internal audit, auditor, and then moved to finance
  10. He has worked in other functions such as marketing, sales, parts and corporate planning. other functions like marketing, sales, parts, corporate planning
  11. Ali Asghar Jamali has said he has worked in almost every area of the company. I think I have worked in almost every area of the company
  12. Ali Asghar Jamali completed an executive program at Harvard Business School. executive program from Harvard Business School
  13. He has said he has worked with almost five governments. I have worked with almost five governments
  14. The Toyota range at Indus Motors includes the Yaris, Corolla, Corolla Cross, Revo and Fortuner. we have our Yaris, we have our Corolla, we have Corolla X, Corolla Cross, then we have the Revo and Fortuner
  15. He has said Indus Motors has the biggest press shop in Pakistan. We have the biggest press shop of the whole Pakistan
  16. He has said he was part of the 2021 to 2026 automotive policy. Phir aayi 21-26 ki policy jiske andar I was part of that policy
  17. He has said the 2016 to 2021 automotive policy brought new entrants into the market. 16-21 ki policy ki wajah se new entrants aaye
  18. He has said competition is always good for the market. competition is always good for the market
  19. He has said the automobile sector contributes 4 to 5% of Pakistan's GDP. automobile contribute 4 to 5% in the GDP of Pakistan
  20. He has said that, on average, more than 50% of the price of each car Indus sells goes to the Government of Pakistan. every car that we sell, more than 50%, main agar average kar loon, so the contribution is Government of Pakistan
  21. He has said a Fortuner's on-road price of 2 crore 30 lakh includes 1 crore 40 lakh of taxes. if you're buying a Fortuner, which you on-road price becomes 2 crores and 30 lakhs, 1 crore 40 lakhs is the taxes of Government of Pakistan
  22. He has said 80% or more of vehicles are auto financed everywhere in the world. everywhere in the world, 80% or more vehicles are auto financed
  23. He has said sales through financing are currently about 13%. wo financing ke through biki. Currently, it's 13%
  24. He has said Pakistan's status as an Islamic country keeps many buyers away from bank financing. thodi Islamic country hai to wo bank financing se bhi door hain
  25. He has said $3,000 is the magic number for the automobile industry because the middle class starts growing. $3,000 is the magic number where automobile industry, because the middle class starts growing
  26. He has said automobile imports are only 1.2% of Pakistan's total import bill. the total import that the automobile done, does, everybody included, us and new entrants all, is only 1.2% of the total import bill
  27. He has said the automobile market used $1.8 billion while producing 350,000 cars. automobile market use $1.8 billion, while producing 350,000 cars
  28. He has said the sheet is imported because the raw material is not available in Pakistan. Uske andar sheet jo hai, wo imported hoti hai kyunki wo raw material Pakistan mein nahi hai
  29. He has said Indus's margin is around 1% or less, against the 6 to 7% that dealers receive. where as their margins that 6 to 7% woh dealer ko dete hain, ours would be around less than 1% or something
  30. He has said Pakistan's labour cost gives about a 40 to 50% advantage over comparable countries. we are almost about 40 to 50% on advantage on our labor with these countries
  31. He has said labour is not a large component of a car's cost. But labor is not such a big component
  32. He has said Pakistan's volume has been the highest in the whole of South East Asia. The volume of Pakistan has been highest in the whole South East Asia
  33. He has said Pakistan ranks fourth in the world for Corolla volume. Corolla has been we've been we've been number four in the world also
  34. He has said Indus localised at that time, which gave it an advantage. humne us time pe localize kiya jiska humein advantage hua
  35. He has said the Corolla has been the love of the nation. Corolla has been like the love of the nation
  36. He has said there can be differences in specifications. maine kaha na aapko ke dekhiye specs mein farak ho sakta hai
  37. He has said vehicles are built to collapse in a crash to protect the cabin. they secured the cabin and they made the the vehicle in such a way ke agar crash ho toh woh collapse ho jaye
  38. He has said any part of a Corolla that you can see and touch has more than a 90% chance of being made in Pakistan. any part that you can see and touch in the Corolla, okay, there's more than 90% chance that it is made in Pakistan
  39. He has said allowing used ACs would close the local AC industry. Aap allow kar dein used ACs aane ke liye, ye industry baith jayegi
  40. He has said locally made cars create many jobs. Jabke har gaadi jab yahan manufacture hoti hai us mein lakhon jobs create hoti hai
  41. He has said new entrants will have to localise, or they will not be able to compete. Jo ke unko bhi localize karna padega kyunki tariff-based system is tarah hai aage Pakistan ka ke aap agar localize nahi karenge to you will not be able to compete
  42. He has said Pakistan is the highest in the region on taxation. region mein bhi we are highest on the taxations
  43. He has said Indus has exported vehicles, parts and manpower. We have exported vehicles, we have exported parts, we have exported manpower
  44. He has said without rising volume there will be no economy of scale. Toh jab volume nahi badhega toh economy of scale nahi aayegi
  45. He has said Pakistan's lack of free trade agreements keeps Indus from exporting to African markets. Why can't I export to Kenya? Why can't I export to Dar es Salaam? Why can't I export to uh Congo or other African countries or Morocco? The reason is we don't have FTAs
  46. He has said Indus is exporting at a loss to reach markets with lower duties. I'm exporting at a loss. I'm trying to find country where jahan pe duty 10% ho, 5% ho
  47. He has said FTAs are for the government to negotiate, not for companies. Government ne FTAs karne hain, maine nahi karne
  48. He has said the government should set policy so a local raw material industry can develop. Government ne ye kaam karna hai ke jo hai woh policy deni hai taake local raw material ki industry yahan develop ho
  49. He has said left-hand and right-hand drive does cause a problem. left hand, right hand wali drive ki ki problem aati zaroor hai
  50. He has said India was in worse condition than Pakistan in 1990. India ka example 1990 mein humse bure haal the uske
  51. He has said a country should have a long-term plan of 15 to 50 years, with 20 years the minimum. a country should have a 50 years plan, 15 years plan, 20 years 20 toh is minimum for a country
  52. He has said the biggest thing is that Pakistan has no long-term policy. sabse badi cheez hai hamari long term policy nahi hai
  53. He has said electric vehicles are a reality and will come. electric vehicle is a reality, okay, and it will come
  54. He has said Toyota's philosophy is to bring the right product, even if it is a little late. But the Toyota philosophy is that you bring the right product even if it's a little late
  55. He has said that even after removing the transmission and engine, the cost is much higher than an ICE vehicle. even after removing transmission and engine is much much higher than a ICE vehicle
  56. He has said battery cost is very high. The battery cost is very high
  57. He has said electric vehicles currently carry no tax. So aaj EV ke upar koi tax nahi hai
  58. He has said Pakistan needs at least $4 billion for charging infrastructure. charging infrastructure ke liye aapko kam az kam 4 billion dollars chahiye
  59. He has said gas and coal are imported to produce electricity. usse bijli produce karte hain, aap gas mangwate hain, aap coal mangwate hain
  60. He has said the belief that EVs will cut oil imports is wrong. galat myth hai ke iske aane se hamari oil ki kami ho jayegi import ki yeh galat baat hai
  61. He has said the belief that EVs will improve Pakistan's climate is wrong. Iske aane se hamara climate improve ho jayega yeh galat baat hai
  62. He has said EVs will reduce tax revenue for the government. Iske aane se humein taxes mein nuqsan hoga yeh sahi baat hai
  63. He has said he is not against electric vehicles. Again main electric ke against nahi hoon
  64. He has said electric vehicles will change Pakistan's car industry within two or three years. ultimately electric will come in two three years it will change the landscape of Pakistan automobile industry
  65. He has said the customs duty on CKD parts in Pakistan is 30%, and 46% on parts made locally. usme custom duty 30% for parts hai and woh parts jo Pakistan mein ban rahe hain us pe 46% hai
  66. He has said India's customs duty on the same CKD parts is 15%. India mein yehi custom duty 15% hai
  67. He has said he knows exactly what the plan is ten years ahead. I know exactly 10 saal baad ka plan kya hai