DFML secures major deal to produce Electric Vehicles (EVs)

In a notification sent to PSX on 30/05/2024, Dewan Farooque Motors Limited (DFML) announced that they are going to lead EV manufacturing in Pakistan with the new partnership.

By the grace of Almighty ALLAH, we hereby announce that Dewan Farooque Motors Limited (‘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 the month.of August 2024.

DFML shares were last trading at Rs. 44.73 today.