Tag: Sazgar Engineering

  • Sazgar reports 3x increase in auto rickshaw sales

    Sazgar reports 3x increase in auto rickshaw sales

    Sazgar Engineering Works Limited, a prominent manufacturer of CNG 4-Stroke Auto Rickshaws and Automotive Wheel Rims, reported a significant increase in sales of its auto rickshaws for April 2024.

    According to a company filing with the Pakistan Stock Exchange (PSX), Sazgar sold 1,212 auto rickshaws in April 2024, almost three times the sales of the same month last year, when it sold 406 units.

    On the production front, Sazgar’s output of auto rickshaws also saw a substantial surge.

    The company produced 1,140 units in April 2024, a remarkable increase from the 244 units manufactured in April 2023. This 4.67-fold year-on-year increase showcases the company’s strong production capacity.

    However, a month-on-month comparison shows a slight decline in sales and production. Auto rickshaw sales fell by 9.62 per cent from March 2024, when the company sold 1,341 units. Similarly, production dropped by 26.5 per cent compared to the 1,551 units produced in March 2024.

    Despite this monthly fluctuation, the company’s four-wheel vehicle segment performed well in April 2024.

    Sazgar sold 551 four-wheel off-road and passenger vehicles, which is 9.11 per cent higher than the 505 units sold in March 2024. Production for four-wheel vehicles also increased, with 574 units produced in April, compared to 531 units in March.

    Overall, Sazgar Engineering Works Limited’s robust year-on-year growth in auto rickshaw sales and production demonstrates the company’s resilience and capacity for expansion, despite some month-to-month variability.

  • Sazgar introduces Pakistan’s first-ever locally assembled Hybrid SUV

    Sazgar introduces Pakistan’s first-ever locally assembled Hybrid SUV

    At a ceremony in Lahore, Sazgar Engineering formally unveiled the Haval H6, Pakistan’s first locally assembled hybrid electric vehicle (HEV).

    By doing this, the business has significantly surpassed its competitors. This is a huge milestone because not even the top automakers in Pakistan considered releasing a hybrid automobile.

    In a notice to the Pakistan Stock Exchange (PSX), the company said, “We are pleased to inform you that the company has successfully assembled/ manufactured locally the first Hybrid Electric Vehicle (HEV) of Pakistan and is being launched under brand ‘Haval’ as of November 17.”

    One of the four brands owned by the Chinese carmaker Great Wall Motors (GWM), “Haval,” reached the Pakistani market through Sazgar in early 2021.

    A 1.5 turbocharged engine in the Haval H6 generates 152 horsepower (HP) and 233 newton metres (Nm) of torque. With that, there is a motor producing 174 horsepower and 300 Nm of torque. Excellent efficiency, low fuel consumption, high performance, and light weight are the engine’s four standout qualities.

    The Haval H6 Hybrid SUV costs Rs9.75 million, yet the manufacturer charges Rs1.9 million for bookings.