Sazgar

Sazgar Engineering Works Limited (Urdu: سازگار انجینیرنگ ورکس) is a Pakistani automotive assembler headquartered in Lahore, Pakistan.[2] The company business is the manufacture and sale of automobiles, automotive parts and household electric appliances.[2][3]

Sazgar
Native name
سازگار
Company typePublic
PSX: SAZEW
IndustryAutomotive
Founded1991
FounderMian Asad Hameed
HeadquartersLahore, Pakistan
Area served
Pakistan
Key people
Mian Asad Hameed (CEO)
Saira Asad Hameed (chairperson)
ProductsAutomobiles, engines
Revenue Rs. 18.174 billion (US$63 million) (2023)
Rs. 1.649 billion (US$5.7 million) (2023)
Rs. 995.076 million (US$3.4 million) (2023)
Total assets Rs. 7.685 billion (US$27 million) (2023)
Total equity 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 [1]

History

Sazgar Engineering Works was founded in September 1991 as a private limited company.[4] It was converted into a public limited company in November 1994.[4] In 1996, it was listed on the Karachi Stock Exchange.[4]

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.[5]

Products

BAIC

The company made agreement with BAIC Group to launch of three vehicles in Pakistan which includes:[6][7]

Haval

The vehicles are assembled under a joint venture between Sazgar Engineering Works Ltd and Great Wall Motor of China.[8][5]

Ora

The vehicles are assembled under a joint venture between Sazgar Engineering Works Ltd and Great Wall Motor of China. [11]

References
  1. "Sazgar Engineering Annual Report 2023". Retrieved 24 May 2024.
  2. "SAZEW - Stock quote for Sazgar Engineering Works Limited - Pakistan Stock Exchange (PSX)". dps.psx.com.pk. Retrieved 2022-11-17.
  3. The Newspaper's Staff Reporter (14 December 2014). "Auto sector sales show positive trend". dawn.com. Retrieved 27 October 2015.
  4. "Engineering: SAZGAR ENGINEERING WORKS LIMITED - Year Ended 30-06-2005". Brecorder. December 21, 2005.
  5. Reporter, The Newspaper's Staff (2022-11-17). "Sazgar rolls out Pakistan's first hybrid EV today". DAWN.COM. Retrieved 2022-11-17.
  6. "Whirlpool appoints Sazgar as distributors in Pakistan". DailyTimes. Retrieved 27 October 2015.
  7. "Corporate Information". Sazgar Engineering Works Limited. Retrieved 27 October 2015.
  8. "Sazgar completes manufacturing facilities for Haval". 1 July 2022. Retrieved 9 December 2023.
  9. "Pakistan's First Locally Assembled Haval H6 Rolls Off the Assembly Line". 2 September 2022. Retrieved 8 December 2023.
  10. "Local Assembled Haval Jolion Debuts in Pakistan". 1 September 2023. Retrieved 8 December 2023.
  11. "Sazgar-GWM launch ORA 3 EV in Pakistan". The Express Tribune. 2024-02-23. Retrieved 2024-03-13.
  12. "Sazgar Engineering Launches ORA 03 Electric Car In Pakistan | The Neutral". 2024-02-15. Retrieved 2024-03-13.
  13. Ali, Sulman (2024-02-14). "ORA 03 EV - Here are Price and Booking Details". PakWheels Blog. Retrieved 2024-03-13.
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