ISLAMABAD: Dewan Farooque Motors Limited (DFML) has initiated electric vehicle production at its assembly plant under the Engineering Development Board, with support from the Special Investment Facilitation Council (SIFC). This move marks a significant development in Pakistan’s automotive sector. In June of this year, DFML signed a tool manufacturing agreement with Eco-Green Motors Limited for the production of Hanri-V E electric vehicles. This strategic partnership aims to boost the company’s presence in the growing electric vehicle market. Following this announcement, DFML’s stock price saw a 1.8% increase, reaching 52.3 rupees per share, reflecting positive investor sentiment towards the company’s new venture. DNA
