Dewan Farooque Motors, EGML partner to make electric cars in Pakistan

News Image

MG News | May 30, 2024 at 02:57 PM GMT+05:00

Join our Whatsapp channel
Add Mettisglobal as a Trusted Source on Google Google
0:00

May 30, 2024 (MLN): Dewan Farooque Motors Limited (PSX: DFML) has entered into a toll manufacturing agreement with ECO-Green Motors Limited (`EGML) for manufacturing of EGML's Honri-VE (200KM and 300KM range), thereby becoming the leading manufacturer of electric vehicles in Pakistan.

The production thereof is expected to commence in August 2024, as informed by the company through the Pakistan Stock Exchange (PSX) today.

Yesterday, the company further disclosed that it has resumed commercial production of the "Special Purpose KIA Commercial Vehicle" under the product name KIA 'SHEHZORE'.

As a result, the rollout and launch ceremony have been scheduled for June 04, 2024.

Read: DFML resumes production of KIA Shehzore

These developments come in line with DFML's objective to continue serving the people of Pakistan with high-quality products and after-sales services through our strong nationwide dealership network.

In light of these positive advancements, DFML's share price is booming right now, with a gain of 7.99% or 3.31 rupees on the day.

Copyright Mettis Link New

Related News

News
Weekly Market Roundup
News
GIS trading to resume June 1 with higher rental rates
News
Systems Limited profit climbs 21% in strong Q1
Name Price/Vol %Chg/NChg
KSE100 173,962.82
313.69M 		1.30%
2237.52
ALLSHR 104,178.62
550.40M 		0.93%
964.13
KSE30 52,166.33
164.58M 		1.26%
649.19
KMI30 250,496.48
141.11M 		1.59%
3930.77
KMIALLSHR 67,844.06
318.73M 		1.20%
801.29
BKTi 47,430.11
44.68M 		0.28%
130.40
OGTi 36,386.96
9.01M 		0.13%
45.59
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 74,165.00 74,165.00
73,715.00 		450.00
0.61%
BRENT CRUDE 91.89 92.95
89.93 		-0.81
-0.87%
RICHARDS BAY COAL MONTHLY 117.00 0.00
0.00 		-0.75
-0.64%
ROTTERDAM COAL MONTHLY 130.25 131.75
130.00 		-0.20
-0.15%
USD RBD PALM OLEIN 1,157.50 1,157.50
1,157.50 		0.00
0.00%
CRUDE OIL - WTI 87.76 89.02
86.35 		-1.14
-1.28%
SUGAR #11 WORLD 14.07 14.35
13.90 		0.14
1.01%
Chart of the Day
Latest News
May 30, 2026 at 04:31 PM GMT+05:00

Weekly Market Roundup

May 29, 2026 at 09:44 PM GMT+05:00

SBP reserves rise $66m to $17.15bn

May 29, 2026 at 08:19 PM GMT+05:00

Petrol, HSD prices drop Rs22 per litre

May 29, 2026 at 07:19 PM GMT+05:00

Sindh, World Bank review Karachi water network

Top 5 things to watch in this week
SBP Interventions in Interbank FX Market
Weekly SCRA Balance
Weekly SPI
Foreign Exchange Reserves
Monthly Economic Update & Outlook May, 2026
Previous
Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg