SAZEW sells 1,089 auto rickshaws in August, up by 43.1% MoM

MG News | September 11, 2023 at 12:41 PM GMT+05:00

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September 11, 2023 (MLN): Sazgar Engineering Works Limited (SAZEW) sold 1,089 units of Auto Rickshaw during August 2023, which was 43.10% MoM higher than the sales of 761 units made in the previous month, the company’s filing on PSX revealed today.

Meanwhile, the company produced 1,331 units of Auto Rickshaw, depicting a rise of 36.23% MoM from the 977 units produced during the previous month.

Furthermore, the company sold 298 units of four-wheel off-road and passenger vehicles, marking a significant increase of 2.21X compared to the previous month.

The production of four-wheel off-road and passenger vehicles stood at 309 units in August 2023, experiencing a substantial growth of 2.50x MoM.

SAZEW is a premier CNG 4 Stroke Auto Rickshaw (3 Wheelers) and Automotive Wheel Rims manufacturer.

With manufacturing facilities based in Pakistan and a Global Dealer Network, Sazgar is leading the Pakistani market and exporting to international markets.

Currently, the stock of the company is trading at Rs79.68 which is Rs1.82 or 2.34% higher than yesterday's price.

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