Millat Tractors MOU marks entry into E-Bike sector
MG News | May 12, 2026 at 10:25 AM GMT+05:00
May 12, 2026 (MLN): Millat Tractors Limited's (PSX:MTL)
subsidiary has signed a memorandum of understanding with a leading Chinese
electric bike manufacturer to assemble, manufacture, and market E-Bikes in
Pakistan.
The strategic collaboration marks the group's entry into the
electric mobility sector and aligns with the Government of Pakistan's National
Electric Vehicle Policy 2025–30.
The company said the MOU is an important step toward
expanding its product portfolio and contributing to the country's transition to
sustainable transportation.
The aforementioned information was disseminated through a
notification to Exchange.
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