Sazgar Engineering Works Limited
PPSX:SAZEW1,450.64
PKR
-45.82
(-3.06%)
Sazgar Engineering Works Limited
PSX:SAZEW
(Pakistan Stock Exchange)
Recent
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1,450.64
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ROIC.AI
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- Business
- Sazgar Engineering Works Limited is a Pakistan-based automotive engineering and vehicle manufacturing company primarily engaged in the manufacture, assembly, and marketing of three-wheelers, four-wheel passenger and off-road vehicles, electric vehicles, agricultural tractor wheel rims, and automotive sheet metal parts. Founded in 1991 and headquartered in Lahore, Pakistan, the company operates across the passenger vehicle, commercial transport, and agricultural equipment sectors. The company manufactures and distributes an extensive portfolio of automotive and engineering products structured into four core segments: Three-Wheelers, Four-Wheelers, Tractor Wheel Rims, and Engineering/Sheet Metal Parts. Its product and service offerings comprise motorized three-wheelers, including gasoline, compressed natural gas (CNG), and battery-electric powered passenger autorickshaws in standard, mini-cab, 7-seater, and 9-seater configurations; commercial cargo-loader rickshaws, delivery vans, and specialized utility units such as mobile medical ambulances; four-wheel passenger vehicles assembled under strategic technical collaboration agreements, including internal combustion engine (ICE), hybrid electric (HEV), and battery electric (BEV) sports utility vehicles (SUVs) and crossover models marketed under the Haval, Tank, and ORA brand names in partnership with Great Wall Motor (GWM), featuring the Haval H6, Haval H6 HEV, Haval Jolion, Haval Jolion HEV, Tank 500, and ORA 03, as well as off-road SUVs and passenger vehicles developed with Beijing Automotive Industry Holding Co., Ltd. (BAIC), including the BAIC BJ40 Plus, BAIC X25, and BAIC D20; and fabricated heavy-duty tractor wheel rims supplied to original equipment manufacturers (OEMs) for agricultural machinery, accompanied by high-precision automotive dies, tooling, jigs, fixtures, and stamped sheet metal components. Sazgar serves individual consumers, fleet operators, agricultural machinery assemblers, and logistics enterprises across Pakistan, while maintaining export distribution of its three-wheeler products and components to international markets across Africa, Asia, and the Middle East. In recent developments, Sazgar Engineering Works Limited has significantly accelerated its strategic transition toward new-energy vehicles and expanded its four-wheel assembly capabilities. The company was granted Pakistan's first commercial manufacturing license for electric three-wheelers and initiated commercial local production of its proprietary EV three-wheeler line. Expanding its strategic alliance with Great Wall Motor, Sazgar commenced completely knocked-down (CKD) local assembly of the Haval Jolion HEV, rolled out the high-end Tank 500 luxury hybrid SUV, and introduced the ORA 03 all-electric vehicle to the Pakistani market. To accommodate increasing production volumes for its hybrid and electric four-wheeler lineup, Sazgar has undertaken substantial assembly plant expansions, upgraded its paint shop and robotic assembly infrastructure at its Lahore manufacturing facilities, and broadened its nationwide 3S (sales, service, and spare parts) dealership network.