Rs4 Billion Boost: Nishat Group’s NexGen Auto Revs Up Early EV Production
Karachi – NexGen Auto, a pivotal electric vehicle (EV) subsidiary of the Nishat Group, has unexpectedly commenced production at its new assembly facility, initiating operations in November 2025, significantly ahead of the projected March 2026 timeline, shared by Zayan Barar to PakWheels, who attended Nishat Power Limited’s corporate briefing.
Nishat Power Limited (NPL) confirmed an intent to invest up to Rs2 billion in NexGen Auto, securing a 33% equity stake. At the same time, Nishat Chunian Power Limited (NCPL) committed an equivalent long-term investment of up to Rs2 billion, underscoring the Group’s strategic commitment to the domestic EV landscape.
The assembly facility, strategically located adjacent to the Hyundai assembly line, holds an annual production capacity of 32,000 units on a double-shift basis. According to Business Recorder, its initial product portfolio will focus on the Jaecoo plug-in hybrid and the Omoda E5 battery electric vehicle.
Market reception has been robust, with current bookings reaching approximately 2,000 units, supported by 20% advance payments. The company anticipates initiating deliveries of Completely Knocked Down (CKD) units by mid-December, maximizing the benefit of the early operational start.
The immediate realization of production capacity positions NexGen Auto to rapidly capitalize on growing consumer demand, though management noted that government policy on EV incentives remains a key variable influencing long-term returns, with the first dividend projected for FY28.
