Govt grants first electric rickshaw license to Sazgar

January 10, 2024 (MLN): Sazgar Engineering Works Limited (PSX: SAZEW) has been granted the first license for electric rickshaw manufacturing at a special ceremony organized by the Punjab Transport Department in Lahore on Tuesday, as Radio Pakistan reported.

This marks the formal commencement of the electric rickshaw industry in Punjab.

Caretaker Punjab Chief Minister Mohsin Naqvi at the ceremony expressed hope for an all-electric vehicle landscape in Pakistan's future.

He acknowledged the challenges faced by the transport department, such as implementing axle load restrictions and driving license reforms.

Moreover, at the event, the government announced to distribute 26,000 electric motorbikes and rickshaws to the public on an interest-free basis, according to Radio Pakistan.

At the event, the minister disclosed plans to provide 10,000 electric bikes to students, facilitated by the Bank of Punjab, while another 10,000 electric rickshaws would be supported by Punjab Bank.

Notably, 2,000 electric three-wheeler bikes will be granted to special individuals free of interest.

In a bid to encourage the shift to electric vehicles, the chief minister emphasized the high quality of electric rickshaws and their role in combating pollution.

Plans include providing 10,000 electric rickshaws free of interest and allocating 2,000 three-wheeler bikes to special individuals, as per Radio Pakistan.

Civil secretariat employees, government and private sector women, and government employees will also receive 2,000 electric bikes each, all on a free-of-interest basis.

Copyright Mettis Link News