Karachi: Dewan Farooque Motors Limited has announced the successful assembly of over 300 electric vehicles, which have been delivered to Eco-Green Motors Limited for distribution to customers. This milestone was communicated in accordance with Section 96 of the Securities Act, 2015, and clause 5.6.1 (a) of the Pakistan Stock Exchange Regulations. The announcement followed a prior disclosure made on October 11, 2024, regarding the company's plans to assemble the electric vehicles under toll manufacturing arrangements.

The company expressed gratitude to stakeholders for their support and confidence, particularly following the resumption of its manufacturing operations. The assembled electric vehicles, branded as 'Honri - VE', mark a significant step in Dewan Farooque Motors Limited's collaboration with its associated company, Eco-Green Motors Limited.

According to information available from the Pakistan Stock Exchange (PSX), Dewan Farooque Motors Limited's recent activities have been closely monitored by market participants. The progress in electric vehicle assembly is seen as a positive development in the designated market category. The company has urged the TRE Certificate Holders of the Exchange to be informed about these advancements.

This development underscores Dewan Farooque Motors Limited's commitment to contributing to the growing electric vehicle market in Pakistan, as it continues to engage in strategic partnerships to expand its manufacturing capabilities.