Dewan Motors Begins Electric Vehicle Production in Pakistan

Dewan Farooque Motors Limited (DFML) has officially launched electric vehicle production at its assembly plant in Pakistan.

In June 2024, DFML signed a tool manufacturing agreement with Eco-Green Motors Limited to produce the Henrey-EV. This milestone led to a 1.8% rise in the company's share price, reaching 52.3 rupees.

Established in 1998 as a public limited company, DFML has been actively involved in vehicle assembly, manufacturing, and sales. In 2022, the company expanded by entering a technology license agreement with Kia Corporation, allowing it to manufacture and assemble Kia vehicles in Pakistan.

DFML's latest venture into electric vehicles marks a significant step toward a more sustainable future for the automotive industry in Pakistan.