Sazgar Explained

Sazgar
Type:Public
Traded As:
KSE 100 component
KSE 30 component
Foundation:1991
Founder:Mian Asad Hameed
Location:Lahore, Pakistan
Area Served:Pakistan
Key People:Mian Asad Hameed (CEO)
Saira Asad Hameed (chairperson)
Industry:Automotive
Products:Automobiles, engines
Revenue Year:2023
Income Year:2023
Net Income Year:2023
Assets Year:2023
Equity Year:2023
Owner:Mian Asad Hameed (41.85%)
Mian Muhammad Ali Hameed (11.61%)
Saira Asad Hameed (6.41%)
Footnotes:Financials [1]

Sazgar Engineering Works Limited (ur|سازگار انجینیرنگ ورکس) is a Pakistani automotive assembler headquartered in Lahore. It specialises is the manufacturing and sale of automobiles, automotive parts, and household electric appliances.[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]

Ora

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

Notes and References

  1. Web site: Sazgar Engineering Annual Report 2023. 24 May 2024.
  2. Web site: Auto sector sales show positive trend. The Newspaper's Staff Reporter. 14 December 2014. dawn.com. 27 October 2015.
  3. Web site: Engineering: SAZGAR ENGINEERING WORKS LIMITED - Year Ended 30-06-2005. December 21, 2005. Brecorder.
  4. Web site: Reporter . The Newspaper's Staff . 2022-11-17 . Sazgar rolls out Pakistan's first hybrid EV today . 2022-11-17 . DAWN.COM . en.
  5. Web site: Whirlpool appoints Sazgar as distributors in Pakistan. DailyTimes. 27 October 2015.
  6. Web site: Sazgar completes manufacturing facilities for Haval. 1 July 2022. 9 December 2023.
  7. Web site: 2024-02-23 . Sazgar-GWM launch ORA 3 EV in Pakistan . 2024-03-13 . The Express Tribune . en.