A few years ago, most people knew Sazgar Engineering Works for making rickshaws. No one imagined it would become a big name in Pakistan’s luxury SUV market. But today, Sazgar has done exactly that — and surprised everyone.
Just three years ago, Sazgar’s share price was around Rs. 48. Now, it has climbed all the way to Rs. 2,050, giving early investors an unbelievable 4,200% return.
What Changed Everything?
The major turning point came in 2021, when Sazgar partnered with Great Wall Motor (GWM) from China. Soon after, the company launched the locally assembled Haval H6 in 2022.
This move came at the perfect time. Pakistani buyers were moving away from sedans and choosing SUVs instead. The Haval H6 and Jolion quickly became popular, stylish, and premium choices.
These SUVs also introduced hybrid technology to the local market, proving that customers were willing to pay more for fuel efficiency and modern features.
- Strong Financial Growth (FY 2025)
- Sazgar’s success is not just hype — the numbers back it up:
- Net Profit: Around Rs. 16.5 billion, up 106% year-on-year
- Earnings Per Share (EPS): Around Rs. 210, with some estimates reaching Rs. 270
- Vehicle Sales: Four-wheeler sales increased by over 103%
In July 2024, Sazgar also launched the facelifted Haval H6 PHEV, and Pakistan became the first country in the world to receive this updated model.
What’s Coming Next?
Sazgar is not slowing down. The company confirmed plans to bring new vehicles, including the Tank 500, Poer Canon, and Canon Alpha.
Keeping its promise, Sazgar officially launched the locally assembled Tank 500 (HEV and PHEV) on January 20, 2026.
The Tank 500 PHEV is special because:
- It’s Pakistan’s first locally assembled full-size SUV
- It’s also the first locally assembled plug-in hybrid in this category
- It’s priced very competitively, making it one of the best value options in the full-size SUV market
Recommendations:
Investors: Keep an eye on Sazgar’s stock, but watch market trends and future launches carefully before investing.
Car Buyers: If you’re looking for a feature-rich, fuel-efficient SUV, Sazgar’s hybrid lineup offers strong value.
Industry Watchers: Sazgar’s success shows how local assembly and smart partnerships can transform Pakistan’s auto sector.
Sazgar shocked Pakistan’s auto market by turning from rickshaws to luxury SUVs, hybrids, and massive stock growth.
