KARACHI: The assembly plant of BYD in Gharo, Sindh, which was scheduled to become operational in the first half of FY26, has missed the deadline.
According to a note from Topline Securities, Hub Power Company Ltd (Hubco) informed analysts this week that it plans to bring the BYD assembly plant online in the second half of 2026, with a production capacity of 25,000 units per year, scalable to 50,000 units. However, two months have already passed.
On Feb 28, 2025, Hubco informed analysts that Mega Motor Company (Pvt) Ltd (MMCPL) was setting up an auto assembly plant in Sindh, to become operational in 1HFY26, along with four flagship and three service dealerships across Pakistan’s three major cities. Hubco has a 50 per cent stake in the project.
In June 2024, Hub Power, through its wholly owned subsidiary HPHL and its associated company MMCPL, entered into a new electric vehicle business in Pakistan with BYD Auto Industry Company. The project is a joint venture between China’s electric vehicle giant and Mega Motor, a subsidiary of Hub Power.
Mega Motor silent on assembly delay reasons
