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Mettis Global News

MPS Preview: High for Longer

SAZEW sells 522 Auto Rickshaws in May’23

SAZEW declares Rs8 dividend as profit spikes to Rs4.45bn in 9MFY24
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June 14, 2023 (MLN): Sazgar Engineering Works Limited (SAZEW) sold 522 units of Auto Rickshaw during May 2023, which was around 29% MoM higher than the sales of 406 units made in the previous month, the company’s filing on PSX said today.

Meanwhile, the company produced 637 units of Auto Rickshaw, i.e., increased by 2.61x MoM from the units produced during the previous month. 

In addition, the company sold 149 units of four-wheelers off-road and passenger vehicles and produced 145 units in May 2023.

The company 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.

Last year, the company had been awarded “Category -A, Greenfield Investment status” by the Ministry of Industries & Production of Pakistan.

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Posted on: 2023-06-14T13:21:17+05:00