Sazgar’s three -wheeler sales jump by 53% MoM in June

July 07, 2022 (MLN): Sazgar Engineering Works Limited (SAZEW) sold 1,797 units of Auto Rickshaw during the month of June 2022, which was around 53.2% higher than the sales of 1,173 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 June 2022, the company informed that the production for the month totaled 898 units i.e., 25% lower than the units produced during the previous month.

In addition, the company sold 115 units of four wheelers-off road and passenger vehicles against the production of 92 units during the said month under review.

Earlier this month, the company informed that it has successfully completed manufacturing facilities as of June 30, 2022, for the manufacturing/assembly of GWM “HAVAL” vehicles.

The trial operation will be commenced with effect from July 15, 2022, whereas commercial production is expected from October 01, 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.

At the time of writing, the scrip of the company is trading at Rs66.75, up by 1.24 rupees or 1.89% DoD.

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