Australia's Vmoto gains on forming Pakistan JV for electric 2-wheelers

Vmoto

13/10/2025 05:17

** Vmoto VMT.AX gains 1.6% to A$0.06

** Electric two-wheeler maker forms JV with Pakistan's Plugin Technologies to establish Vmoto Pakistan

** Co holds 51% stake in JV, Plugin Technologies owns rest

** Vmoto invests $1.02 mln over next year; Plugin Technologies contributing $980,000

** JV focuses on importing, distributing Vmoto-branded electric two-wheelers in Pakistan's retail market

** VMT falls ~18% YTD

($1 = A$1.5335)

 (Reporting by Atharva Singh in Bengaluru)

 ((Atharva.singh@thomsonreuters.com))