Sazgar Partners with Chinese Automaker to Assemble Vehicles in Pakistan

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Sazgar Engineering Works Limited (SEWL) have announced that they have signed a “Vehicle Assembly Cooperation Agreement” with a Chinese Automobile Manufacturer to assemble, manufacture, sales and after sales service of passenger and off-road vehicles in Pakistan. Though name of their Chinese partner has not been disclosed yet.

Sazgar Partners with Chinese Automaker to Assemble Vehicles in Pakistan 1

Earlier during May 2017, the company had decided to enter the manufacturing and assembly for sale of passenger and light commercial vehicles in Pakistan under the Greenfield Investment Category.

Related: Sazgar Auto to Venture Into Commercial and Passenger Car Manufacturing

Sazgar is a premier manufacturer of CNG 4 Stroke Auto Rickshaw (3 Wheelers) and Automotive Wheel Rims. With manufacturing facilities based in Pakistan and a Global Dealer Network, Sazgar is considered a market leader in Pakistan and is also exporting its products to international markets.

Sazgar Engineering Works Limited was incorporated on 21st September 1991 as a Private Limited Company and later converted into a Public Limited Company on 21st of November 1994. The company’s shares were listed in Pakistan’s Stock Exchanges in September 1996. Currently the Authorized Capital of Sazgar is PKR 500,000,000/- according to the company’s website.

Sazgar’s main manufacturing facility is located on Raiwind Road in Lahore spread over an estate of 5 Acres. An additional 27 Acres has also been purchased by Sazgar at Raiwind Manga Road in Lahore to meet the future expansion needs.

 

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