BYD’s vehicle assembly plant in Gharo, Sindh, has missed its planned operational deadline for the first half of FY26.
Hub Power Company Limited (Hubco) now expects the facility to become operational during the second half of 2026. Topline Securities reported the revised timeline following discussions with Hubco management.
The plant will initially produce 25,000 vehicles annually. However, the facility could eventually increase production to 50,000 units.
Mega Motor Company (Pvt) Ltd (MMCPL) is developing the assembly facility. The company previously planned four flagship dealerships and three service dealerships across Pakistan’s three major cities.
$150 Million Investment Planned
Hubco holds a 50% stake in the project. The company entered Pakistan’s electric vehicle market in June 2024 through its subsidiary HPHL and associated company MMCPL.
The partnership with BYD Auto Industry Company marked a major step into Pakistan’s growing electric vehicle sector.
According to Topline Securities, Hubco management estimates the total project investment at $150 million. This includes $90 million in project financing.
MMCPL has not publicly responded to questions about the delay. Key unanswered issues include the plant’s current status, localization plans and BYD vehicle imports before local assembly begins.
The company’s first-year production target also remains unclear.
Meanwhile, Hubco is targeting a 30% share of Pakistan’s combined electric and plug-in hybrid vehicle market by 2030.
The delayed plant remains a significant project for Pakistan’s emerging EV industry. Its eventual launch could strengthen local vehicle assembly and expand BYD’s presence in the country.
