Sazgar

Sazgar
Native name
سازگار
TypePublic
PSX: SAZEW
KSE 100 component
KSE 30 component
IndustryAutomotive
Founded1991
FounderMian Asad Hameed
HeadquartersLahore, Pakistan
Area served
Pakistan
Key peopleSaira Asad Hameed (Chairman)
Mian Asad Hameed (CEO)
ProductsAutomobiles, engines
RevenueIncrease Rs. 108.694 billion (US$390 million) (2025)
Increase Rs. 26.739 billion (US$96 million) (2025)
Increase Rs. 16.336 billion (US$58 million) (2025)
Total assetsIncrease Rs. 41.736 billion (US$150 million) (2025)
Total equityIncrease Rs. 23.707 billion (US$85 million) (2025)
OwnerMian Asad Hameed (41.85%)
Mian Muhammad Ali Hameed (11.61%)
Saira Asad Hameed (6.41%)
Number of employees
1,552 (2025)
Websitesazgarautos.com
Footnotes
Financials as of 30 June 2025

Sazgar Engineering Works Limited (Urdu pronunciation: [sɑːz.ˈɡɑːr] sahz-GAHR) is a Pakistani automotive assembler headquartered in Lahore. It specialises in the assembly of cars and rickshaws.

History

Sazgar Engineering Works was founded in September 1991 as a private limited company. It was converted into a public limited company in November 1994. In 1996, it was listed on the Karachi Stock Exchange.

In 2022, Haval H6 HEV vehicle was launched. It is assembled under a joint venture of Sazgar Engineering Works Ltd and Great Wall Motor of China.

Sazgar has been producing motorised rickshaws since 2005. In February 2024, it became the first company in Pakistan to obtain a licence to produce electric three-wheelers. As of February 2026, Sazgar holds approximately a 30% share of the Pakistani rickshaw market, producing 3350 units monthly, including around 30 electric models.

In October 2026, Sazgar inaugurated its first overseas vehicle assembly plant in Laguna, Philippines, with an annual assembly capacity of approximately 12,000 three-wheelers. The plant, which is intended to assemble both electric and internal combustion engine three-wheelers, was inaugurated by Philippine President Bongbong Marcos.

Products

BAIC

The company reached an agreement with Chinese vehicle manufacturer BAIC to launch of three vehicles in Pakistan, which include:

Great Wall Motor

The vehicles of Haval and Ora are assembled under a joint venture between Sazgar and Great Wall Motor of China.

References

  1. ↑ "Sazgar Engineering Annual Report 2025" (PDF). Retrieved 9 October 2025.
  2. ↑ The Newspaper's Staff Reporter (14 December 2014). "Auto sector sales show positive trend". dawn.com. Retrieved 27 October 2015.
  3. 1 2 3 "Engineering: SAZGAR ENGINEERING WORKS LIMITED - Year Ended 30-06-2005". Brecorder. 21 December 2005.
  4. 1 2 3 Reporter, The Newspaper's Staff (17 November 2022). "Sazgar rolls out Pakistan's first hybrid EV today". DAWN.COM. Retrieved 17 November 2022.
  5. ↑ "Production and Sales data regarding Four Wheelers and Three Wheelers for the month of January 2026" (PDF). Pakistan Stock Exchange. Sazgar. Retrieved 5 March 2026.
  6. ↑ Shahid, Kunwar Khuldune (12 February 2025). "Pakistan's electric rickshaws are accelerating the country's EV revolution". Rest of World. Retrieved 24 February 2025.
  7. ↑ "Pakistan's automaker Sazgar opens manufacturing plant in Philippines". Business Recorder. 30 October 2026.
  8. ↑ "Pakistani three-wheelers go international as automotive manufacturer opens plant in Philippines". Dawn. 30 October 2026.
  9. ↑ "Whirlpool appoints Sazgar as distributors in Pakistan". DailyTimes. Retrieved 27 October 2015.
  10. ↑ "Sazgar completes manufacturing facilities for Haval". 1 July 2022. Retrieved 9 December 2023.
  11. ↑ "Sazgar-GWM launch ORA 3 EV in Pakistan". The Express Tribune. 23 February 2024. Retrieved 13 March 2024.