Electric bike demand surges amid costly oil

KARACHI: Amid the ongoing Middle East conflict since Feb 28, Pakistan’s auto sector is witnessing fresh developments, with a leading tractor assembler exploring electric bike production and new vehicle models planned by Chery Master Pakistan and Pak Suzuki Motor Company Ltd. In a stock filing, Millat Tractors Ltd (MTL), responding to market reports about its entry into the electric bike segment, said one of its group companies was evaluating the feasibility of EV bike production in Pakistan. It...