Sazgar

Sazgar
Native name
سازگار
Company typePublic
PSX: SAZEW
KSE 100 component
KSE 30 component
IndustryAutomotive
Founded1991
FounderMian Asad Hameed
HeadquartersLahore, Pakistan
Area served
Pakistan
Key people
Mian Asad Hameed (CEO)
Saira Asad Hameed (chairperson)
ProductsAutomobiles, engines
RevenueIncrease Rs. 18.174 billion (US$63 million) (2023)
Increase Rs. 1.649 billion (US$5.7 million) (2023)
Increase 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[1]

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.[2]

History

Sazgar Engineering Works was founded in September 1991 as a private limited company.[3] It was converted into a public limited company in November 1994.[3] In 1996, it was listed on the Karachi Stock Exchange.[3]

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.[4]

Products

BAIC

The company made agreement with BAIC Group to launch of three vehicles in Pakistan which includes:[5]

Haval

The vehicles are assembled under a joint venture between Sazgar Engineering Works Ltd and Great Wall Motor of China.[6][4]

Ora

The vehicles are assembled under a joint venture between Sazgar Engineering Works Ltd and Great Wall Motor of China.[7]

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. ^ a b c "Engineering: SAZGAR ENGINEERING WORKS LIMITED - Year Ended 30-06-2005". Brecorder. 21 December 2005.
  4. ^ a b c 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.
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