Sazgar Engineering Works Limited (Urdu: سازگار انجینیرنگ ورکس) is a Pakistani automotive assembler headquartered in Lahore.[2] The company specialises is the manufacturing and sale of automobiles, automotive parts, and household electric appliances.[2][3]
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Native name | سازگار |
|---|---|
| Company type | Public |
| PSX: SAZEW KSE 100 component KSE 30 component | |
| Industry | Automotive |
| Founded | 1991 |
| Founder | Mian Asad Hameed |
| Headquarters | Lahore, Pakistan |
Area served | Pakistan |
Key people | Mian Asad Hameed (CEO) Saira Asad Hameed (chairperson) |
| Products | Automobiles, 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) |
| Owner | Mian Asad Hameed (41.85%) Mian Muhammad Ali Hameed (11.61%) Saira Asad Hameed (6.41%) |
| Website | sazgarautos |
| Footnotes / references Financials as of 30 June 2023[update][1] | |
History
editSazgar 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
editBAIC
editThe company made agreement with BAIC Group to launch of three vehicles in Pakistan which includes:[6][7]
Haval
editThe vehicles are assembled under a joint venture between Sazgar Engineering Works Ltd and Great Wall Motor of China.[8][5]
Ora
editThe vehicles are assembled under a joint venture between Sazgar Engineering Works Ltd and Great Wall Motor of China.[11]
- Ora (marque) (ORA 03)[12][11][13]
References
edit- ^ "Sazgar Engineering Annual Report 2023". Retrieved 24 May 2024.
- ^ a b "SAZEW - Stock quote for Sazgar Engineering Works Limited - Pakistan Stock Exchange (PSX)". dps.psx.com.pk. Retrieved 17 November 2022.
- ^ The Newspaper's Staff Reporter (14 December 2014). "Auto sector sales show positive trend". dawn.com. Retrieved 27 October 2015.
- ^ a b c "Engineering: SAZGAR ENGINEERING WORKS LIMITED - Year Ended 30-06-2005". Brecorder. 21 December 2005.
- ^ 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.
- ^ "Whirlpool appoints Sazgar as distributors in Pakistan". DailyTimes. Retrieved 27 October 2015.
- ^ "Corporate Information". Sazgar Engineering Works Limited. Retrieved 27 October 2015.
- ^ "Sazgar completes manufacturing facilities for Haval". 1 July 2022. Retrieved 9 December 2023.
- ^ "Pakistan's First Locally Assembled Haval H6 Rolls Off the Assembly Line". 2 September 2022. Retrieved 8 December 2023.
- ^ "Local Assembled Haval Jolion Debuts in Pakistan". 1 September 2023. Retrieved 8 December 2023.
- ^ a b "Sazgar-GWM launch ORA 3 EV in Pakistan". The Express Tribune. 23 February 2024. Retrieved 13 March 2024.
- ^ "Sazgar Engineering Launches ORA 03 Electric Car In Pakistan | The Neutral". 15 February 2024. Retrieved 13 March 2024.
- ^ Ali, Sulman (14 February 2024). "ORA 03 EV - Here are Price and Booking Details". PakWheels Blog. Retrieved 13 March 2024.
External links
edit