Major Foreign Company Set to Launch Electric Vehicles in Pakistan with $300-400 Million Investment
Karachi/Islamabad): A major foreign automaker operating in Pakistan has announced plans to introduce electric vehicles (EVs) in the country and invest between $300 million and $400 million over the next 4 to 5 years.The Chief Executive of Indus Motors has confirmed the company’s readiness to launch electric vehicles and called upon the government to introduce…
Karachi/Islamabad): A major foreign automaker operating in Pakistan has announced plans to introduce electric vehicles (EVs) in the country and invest between $300 million and $400 million over the next 4 to 5 years.
The Chief Executive of Indus Motors has confirmed the company’s readiness to launch electric vehicles and called upon the government to introduce a 10-year Auto Policy instead of the current five-year framework. He emphasized that a longer-term policy is essential for sustainable growth, increased localization, and attracting large-scale investments in the automotive sector.
Speaking on the occasion, the CEO stated that a stable 10-year policy would provide the necessary confidence for long-term planning, reduce reliance on imports, boost local manufacturing, and open avenues for exports. He described the auto industry as a vital pillar of Pakistan’s economy that requires consistent and predictable policy support.
The announcement coincides with the government’s ongoing work on the new Auto Industry Policy 2026-31, which is expected to focus on greater localization, promotion of electric and hybrid vehicles, and measures to make vehicles more affordable for consumers.
This development signals growing interest in Pakistan’s EV sector amid global shifts toward sustainable transportation and could significantly contribute to reducing the country’s oil import bill and environmental impact in the coming years.
