Dewan Farooque Motors Limited (DFML) has launched electric vehicle production at its assembly plant, supported by the Engineering Development Board and the Special Investment Facilitation Council (SIFC). This initiative represents a significant advancement in Pakistan’s automotive sector.
In June, DFML entered into a tool manufacturing agreement with Eco-Green Motors Limited to produce Hanri-V E electric vehicles, aiming to enhance its position in the burgeoning electric vehicle market.
Following the announcement, DFML’s stock price increased by 1.8%, reaching 52.3 rupees per share, indicating strong investor confidence in the company’s new direction.
The SIFC’s support for Pakistan’s shift towards electric vehicles aligns with worldwide shifts towards greener transportation and could position Pakistan as a key player in the global electric vehicle market.
