Sazgar: Three-wheeler sales up by 27% MoM in March

MG News | April 13, 2022 at 01:09 PM GMT+05:00

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April 13, 2022 (MLN): Sazgar Engineering Works Limited (SAZEW) sold 1,911 units of Auto Rickshaw during the month of March 2022, which was around 27% higher than the sales of 1,504 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 March 2022, the company informed that the production for the month totaled 1,950 units, i.e., almost 26% higher than the units produced during the previous month.

In addition, the company sold 71 units of four wheelers-off road and passenger vehicles against the production of 73 units during the said month under review.

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 Rs85.50 which is Rs4.10 or 5.04% higher than yesterday's price.

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