Tuesday, May 12 2026

Millat Tractors to manufacture Chinese electric bikes in Pakistan
Millat Tractors Limited, Pakistan’s largest tractor manufacturer, on Tuesday announced that one of its subsidiary companies has signed a memorandum of understanding (MoU) with a leading Chinese electric bike manufacturer to manufacture electric bikes in Pakistan. “Millat Tractors Limited (MTL) is pleased to inform that a subsidiary company of Millat Tractors Limited has signed a MoU with a leading electric bikes manufacturer of China, for the assembly, manufacturing, and marketing of E-bikes in Pakistan,” read the notice to the Pakistan Stock Exchange (PSX). “This strategic collaboration reflects the group’s commitment towards diversification into the electric mobility sector and aligns with the Government of Pakistan’s National Electric Vehicle (EV) Policy 2025-30,” it added.
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