KARACHI: BYD, the world’s largest manufacturer of new energy vehicles (NEVs), in partnership with Mega Motor Company (MMC), has begun vehicle deliveries in Pakistan and aims to deliver up to 100 vehicles within the first 48 hours of operations.
Customers in Karachi, Lahore and Islamabad have started receiving their BYD vehicles since Friday. MMC has established BYD’s Experience and Care centres in key locations across Islamabad, Lahore and Karachi. Given the anticipated high demand for NEVs, BYD and MMC plan to open a total of 15 centres in 2025.
Lei Jian, the country head of BYD Pakistan, said the company’s NEVs and technologies are set to significantly contribute to Pakistan’s green development journey.
Indus Motor Company
Indus Motor Company (IMC), the assembler of Toyota vehicles, reported a surge in net sales turnover to Rs85 billion during IHFY25, up from Rs51bn in the same period last fiscal year. This growth is attributed to higher sales volumes of CKD and CBU units, improvements in cost efficiencies and localisation efforts.
The company’s profit after tax (PAT) rose to Rs9.96bn, up from Rs4.96bn in IHFY24. The company’s earnings per share (EPS) stood at Rs126.69, compared to Rs63.07. The Board of Directors declared a second interim cash dividend of Rs37 per share, up from Rs13.20 in the corresponding period last year.
Matco Foods Limited
Matco Foods Limited (MFL) has secured Rs750 million in financing from Bank Alfalah to expand its corn starch production facility in Faisalabad’s Special Economic Zone.
In a stock filing on Friday, MFL announced that the investment will increase its production capacity from 200 to 300 tonnes per day and partially repay short-term loans.
Published in Dawn, March 1st, 2025
