Sazgar Engineering Works Limited (PSX: SAZEW) has announced that it is exporting its three-wheelers to several international markets and now aims to expand into three additional countries — the Philippines, Mexico, and Afghanistan.
In a corporate briefing reported by Topline Securities, company officials stated that recent floods did not significantly disrupt supply operations. Deliveries are only delayed when the Karachi-Lahore Road is closed, but such interruptions were minimal during the floods.
The automaker currently offers six variants: four of the Haval H6 and two of the Jolion. Management acknowledged that margins fell in the fourth quarter due to a larger share of low-margin products, though they remained higher than industry averages. Each model, they noted, contributes differently to overall profitability.
Due to higher bookings, delivery times have stretched from 2–3 months to 3–4 months. The company credited its marketing team for effectively handling the EV adaptation levy, which has supported strong bookings after its implementation.
Sazgar’s current four-wheeler production capacity is 40 vehicles per day, but output has already reached 60. With bookings rising, expansion plans are underway to increase daily production to between 100 and 120 units. The company also indicated that double shifts may be introduced if demand continues at this pace.
Under the government’s Greenfield auto policy, benefits for Petrol and HEV variants of Haval will remain available until June 2026. However, PHEV models are excluded. To offset potential margin declines once these benefits expire, Sazgar plans to rely on higher sales volumes and improved efficiency at its new plant, which will also feature a 5MW rooftop solar installation.
Looking ahead, the company plans to launch two new variants, TANK and Canon Alpha, by March 2026. The completely built-up (CBU) unit is expected to cost around Rs. 45 million, while the locally assembled completely knocked-down (CKD) version will be offered at a lower price.
Management further noted that the recently introduced 40% regulatory duty on imported used cars up to five years old will have little to no impact on Sazgar’s operations, as the measure mainly affects sedans. The company expects this step to ease competitive pressure from imports in the domestic market.
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It’s so sad that we are reduced to claims and not evidence
Sazgar doesn’t make any tuktuks. They take parts from Chinese brands. Sazgar never made any vehicles
Totally false. You can go visit thier plant in Lahore, where they make rikshaws from bare metal. Only battery cells are imported for electric rikshaws.
Without any ground information we just accuse anyone. There needs to be vlear difference when talking about those who do nothing and those who do all the work. You can’t keep ranting everyone the same way regardless of thier efforts.
They are doing good work, we should support them so that others follow thier example.
Rashid
Afghanistan, may be. The Philippines and Mexico, no way. I pity the countries that will import this Headache called Rickshaws and that too made in Pakistan.
Dear what is wrong with Pakistan’s products. Don’t underestimate our industry efforts.
JazakAllah Khair
Technology is same anywhere in the world. What’s wrong with anything made in Pakistan?
Hi
Im ali
Those criticizing sazgar , please look at the 1 year performance of company in stock market
Unit price
Warranty Spears parts
First of all make these rickshaws available in the Pakistani market. Why is it that good quality products are beyond the reach of common Pakistani citizens?
Extremely poor design, specifically front suspension (frequent failures), steel used is highly prone to corrosion, rear suspension is too hard (bumpy rides). Exporting overseas will tarnish reputation of county. Vespa car (rickshaw from 60s & 70s) was much better design (although smaller & two stroke), some are still around !
Solar installation capacity figure for omrooftop seems to have serious mistake or typing error, 5MW is impossible