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Pakistani automotive manufacturer

Sazgar
Native nameسازگار
Company typePublic
Traded asPSX: SAZEW
KSE 100 component
KSE 30 component
IndustryAutomotive
Founded1991
FounderMian Asad Hameed
HeadquartersLahore, Pakistan
Area servedPakistan
Key peopleMian Asad Hameed (CEO)
Saira Asad Hameed (chairperson)
ProductsAutomobiles, engines
RevenueIncrease Rs. 18.174 billion (US$63 million) (2023)
Operating incomeIncrease Rs. 1.649 billion (US$5.7 million) (2023)
Net incomeIncrease Rs. 995.076 million (US$3.4 million) (2023)
Total assetsIncrease Rs. 7.685 billion (US$27 million) (2023)
Total equityIncrease Rs. 2.915 billion (US$10 million) (2023)
OwnerMian Asad Hameed (41.85%)
Mian Muhammad Ali Hameed (11.61%)
Saira Asad Hameed (6.41%)
Websitesazgarautos.com
Footnotes / references
Financials as of 30 June 2023

Sazgar Engineering Works Limited (Urdu pronunciation: [sɑːz.ˈɡɑːr] sahz-GAHR) is a Pakistani automotive assembler headquartered in Lahore. It specialises in the assembly of cars and rickshaws.

History

Sazgar Engineering Works was founded in September 1991 as a private limited company. It was converted into a public limited company in November 1994. In 1996, it was listed on the Karachi Stock Exchange.

In 2022, Haval H6 HEV vehicle was launched. It is assembled under a joint venture of Sazgar Engineering Works Ltd and Great Wall Motor of China.

Products

BAIC

The company made agreement with BAIC Group to launch of three vehicles in Pakistan which includes:

Haval

The vehicles are assembled under a joint venture between Sazgar Engineering Works Ltd and Great Wall Motor of China.

Ora

The vehicles are assembled under a joint venture between Sazgar Engineering Works Ltd and Great Wall Motor of China.

References

  1. "Sazgar Engineering Annual Report 2023". Retrieved 24 May 2024.
  2. The Newspaper's Staff Reporter (14 December 2014). "Auto sector sales show positive trend". dawn.com. Retrieved 27 October 2015.
  3. ^ "Engineering: SAZGAR ENGINEERING WORKS LIMITED - Year Ended 30-06-2005". Brecorder. 21 December 2005.
  4. ^ Reporter, The Newspaper's Staff (17 November 2022). "Sazgar rolls out Pakistan's first hybrid EV today". DAWN.COM. Retrieved 17 November 2022.
  5. "Whirlpool appoints Sazgar as distributors in Pakistan". DailyTimes. Retrieved 27 October 2015.
  6. "Sazgar completes manufacturing facilities for Haval". 1 July 2022. Retrieved 9 December 2023.
  7. "Sazgar-GWM launch ORA 3 EV in Pakistan". The Express Tribune. 23 February 2024. Retrieved 13 March 2024.

External links

Pakistan Companies of the KSE 100 Index
As of October 2024
KSE-30 companies of Pakistan   → KSE-100
As of September 2024
Pakistan Automotive industry in Pakistan
Domestic manufacturers
Foreign companies
with operations
Defunct manufacturers
Components & parts
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