Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

SAZGAR to launch Pakistan’s first HEV on Nov 17

SAZEW declares Rs8 dividend as profit spikes to Rs4.45bn in 9MFY24
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November 16, 200 (MLN): Sazgar Engineering Works Limited (SAZEW) is all set to launch the first Hybrid Electric Vehicle (HEV) of Pakistan under the brand HAVAL on Nov 17, the company’s filing on PSX said today.

To recall, the company informed the bourse on August 19, 2022, about its successful trial completion before the stipulated time and the first CKD roll-out of these vehicles was expected within August 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.

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Posted on: 2022-11-16T11:33:14+05:00