Sazgar: Three-wheeler sales lower by 52% MoM in April

May 16, 2022 (MLN): Sazgar Engineering Works Limited (SAZEW) sold 910 units of Auto Rickshaw during the month of April 2022, which was around 52% lower than the sales of 1,911 units made in the previous month, the company’s filing on PSX showed today.

In an announcement regarding the sales and production data of three-wheelers for the month of April 2022, the company informed that the production for the month totalled 1,009 units, i.e., almost 48% lower than the units produced during the previous month.

In addition, the company sold 107 units of four wheelers-off road and passenger vehicles against the production of 113 units during the said month under review. While in the previous month, the company sold 71 units of four-wheeler against the production od 73 units. This suggests that the sale and production of four-wheelers jumped by 51% and 55% MoM respectively.

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 leading the market in Pakistan and also exporting to international markets.

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

Currently, the stock of the company is trading at Rs68.5 which is Rs1.4 or 2% lower than yesterday's price.

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