The ongoing Middle East conflict, which began on February 28, has pushed petrol prices higher. Consequently, Pakistan’s auto sector is experiencing a major shift. Consumers are rapidly abandoning traditional motorcycles. Instead, they are turning to electric bikes and scooters.
This sharp increase in fuel costs has permanently boosted consumer awareness regarding electric vehicles (EVs). Ultimately, the overwhelming demand is reshaping the local two-wheeler market.
Millat Tractors Explores EV & Electric Bike Production
Established companies are taking notice of this trend. Recently, Millat Tractors Ltd (MTL) submitted a stock filing. The company confirmed that one of its group entities is actively evaluating the feasibility of manufacturing electric bikes in Pakistan. Currently, this evaluation remains in the preliminary stages.
Meanwhile, sales are skyrocketing. Social media rumors recently claimed that some individual assemblers sold over 15,000 units in April alone. However, bike sector expert Mohammad Sabir Sheikh disputed these specific claims. According to Sheikh, consumers purchased over 30,000 electric bikes and scooters nationwide throughout March and April combined.
Electric Bikes Shortage Triggers “On Money” Premiums
This sudden spike in demand for electric bikes has quickly led to severe market shortages. Dealerships simply cannot keep up. As a result, buyers are now paying an “on money” premium. Customers are shelling out an extra Rs 10,000 to Rs 15,000 just to secure popular EV bike models.
To combat these supply chain issues, assemblers are taking fast action. Manufacturers have opened more letters of credit (LCs) over the past few weeks. They are urgently importing parts and accessories to meet the rising consumer demand. Market experts note that even if petrol prices eventually drop, the local appetite for EV bikes is here to stay.
Auto Sector Expands: Chery & Suzuki Introduce New Models
Beyond the two-wheeler segment, the broader automotive market is also evolving. Chery Master Pakistan (CMP) is planning a major expansion. Following their showcase at Auto China 2026, CMP is evaluating two to three new models for the local market. These include the Tiggo 4 HEV, the Tiggo V, and the QQ BEV. The QQ BEV specifically targets congested cities like Karachi, Lahore, and Islamabad, offering an impressive 410 km range. CMP already offers the locally assembled Tiggo 9, 8, and 7 PHEV SUVs.
Simultaneously, Pak Suzuki Motor Company Ltd has officially rolled out its highly anticipated Suzuki Fronx crossover utility vehicle. The company just announced the introductory pricing. The Fronx GL MT starts at Rs. 5.999 million, while the top-tier GLX 6AT Hybrid (two-tone) is priced at Rs. 6.374 million.
