Dewan Automotive Engineering Limited (DAEL), which was formally known as Allied Motors Limited, incorporated on May 06, 1982 and commenced commercial operations in August, 1983.

The company is acquired by Dewan Group on 14th April, 2004. Dewan Automotive Engineering Limited is a Public limited company listed in Karachi and Lahore stock exchanges.

The company's business is the assembly-cum-progressive manufacture and sale of tractors and trading of parts. The new management is looking into possibility of a new tractor brand and starts such other manufacture operation which has industrial synergy with existing business.