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.
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.
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.