MTL clarifies EV motorcycle speculation

MG News | May 07, 2026 at 12:37 PM GMT+05:00

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May 07, 2026 (MLN): Millat Tractors Limited (PSX:MTL) has moved to address growing market speculation over its potential entry into the electric motorcycle segment, confirming that a group company is currently assessing the feasibility of EV bike production in Pakistan but stressing the matter is still at an early stage.

"One of its group companies is currently evaluating the feasibility of EV bike production in Pakistan and the matter remains at a preliminary stage," the company stated in the filing on PSX.

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