Atlas Honda Limited (PSX: ATLH) has announced its plans to introduce an electric scooter in Pakistan, aligning with the government’s newly implemented National Electric Vehicle (EV) Policy.

In a recent filing to the Pakistan Stock Exchange, the company revealed that the electric scooter will be specifically tailored for local consumers. Atlas Honda is currently collaborating with regulatory authorities to secure the necessary approvals and permissions for the product’s rollout.

The company emphasized that the launch will take place following the successful completion of quality assurance and road testing processes, ensuring the scooter meets safety and performance standards.

Atlas Honda is a subsidiary of Shirazi Investments (Private) Limited, which holds 52.43 percent of the company’s issued, subscribed, and paid-up capital as of March 31, 2021.