Categories: Material Information

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.

Aamir Hayat

View Comments

Recent Posts

How To Analyze The Fertilizer Sector In Pakistan

Many investors wonder how to best analyze the fertilizers sector. Here’s the answer.

1 day ago

Bank Al Habib’s (BAHL) annual result and dividend impresses Investors

Bank Al Habib (BAHL) recently announced its financial results for the last quarter of 2024.…

1 day ago

Impact of JAC T9 Hunter on GAL stock

Ghandhara Automobil;es Limited's (GAL) strategic entry into the pickup truck market with the launch of…

2 weeks ago

Is a 100 bps cut likely at the Jan 27 monetary policy meeting?

Topline Securities (Private) Limited has just published a report on the SBP monetary policy update.

2 weeks ago

MTL gained 20% in one month, here’s why

Taurus Securities Limited has just published a report on MLT's monthly sales.

2 weeks ago

What to expect from APL Q2 earnings

AKD Securities has just published a report on APL's Q2 earnings expectations. The firm expects…

2 weeks ago