SAZEW sells 773 auto rickshaws in November, down by 23% MoM

By MG News | December 11, 2023 at 03:07 PM GMT+05:00

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December 11, 2023 (MLN): Sazgar Engineering Works Limited (SAZEW) sold 773 units of Auto Rickshaw during November 2023, which was 23.01% MoM lower than the sales of 1,004 units made in the previous month, the company’s filing on PSX revealed today.

Meanwhile, the company produced 848 units of Auto Rickshaw, compared to 1,189 units produced during the previous month.

Furthermore, the company sold 269 units of four-wheel off-road and passenger vehicles, marking an increase of 6.32% MoM compared to the previous month.

The production of four-wheel off-road and passenger vehicles stood at 342 units in November 2023.

Four Wheelers-odd road & passenger vehicles

Month	Production Units	Sales Units
November	342	269
October	244	253
Change	40.16%	6.32%

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.

At the time of writing, the company's share is being traded at Rs217.5, down by 3.39 rupees or 1.53% compared to the previous close.

Copyright Mettis Link News

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