Sazgar to launch first CKD HAVAL vehicle this month

MG News | August 19, 2022 at 04:19 PM GMT+05:00

0:00

August 19, 2022 (MLN): Sazgar Engineering Works Limited (SAZEW) is going to roll out its first CKD HAVAL vehicles this month i.e., August, 2022 after the successful trial completion before the stipulated time, the company’s filing on PSX said today.

On July 1, 2022, the company had successfully completed manufacturing facilities as of June 30, 2022, for the manufacturing/assembly of GWM "HAVAL" vehicles. The trial operation commenced with effect from July 15, 2022.

To recall, SAZEW had joined hands with Haval, which is an automotive marque owned by famous Chinese automaker GreatWall Motors (GWM) in March 2021.

The vehicle assembly and technical cooperation agreement with Haval/ GWM included the assembly, sales, and after-sales service of passenger & commercial vehicles.

In yesterday's announcement regarding the sales and production data of three-wheelers for the month of July 2022, the company sold 259 units of Auto Rickshaw which was around 85% lower than the sales of 1,797 units made in the previous month.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	162,163.81 363.99M	-0.70% -1140.32
ALLSHR	98,789.32 1,004.87M	-0.60% -591.65
KSE30	49,418.59 142.52M	-0.85% -423.92
KMI30	235,592.79 87.24M	-1.05% -2511.37
KMIALLSHR	64,955.16 475.31M	-0.97% -635.78
BKTi	45,437.77 69.21M	-0.59% -267.52
OGTi	32,150.13 9.02M	-1.60% -521.10

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	114,060.00	114,720.00 113,645.00	-1010.00 -0.88%
BRENT CRUDE	65.62	65.76 65.36	0.00 0.00%
RICHARDS BAY COAL MONTHLY	80.50	0.00 0.00	-1.00 -1.23%
ROTTERDAM COAL MONTHLY	92.50	92.50 92.50	0.35 0.38%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	61.29	61.50 61.10	-0.02 -0.03%
SUGAR #11 WORLD	14.47	15.04 14.34	-0.50 -3.34%