Sazgar Engineering (SAZEW) has witnessed a significant year-on-year (YOY) of over 200% of its four-wheel off-road and passenger vehicles. According to the company’s filings on the Pakistan Stock Exchange (PSX) on Thursday, 5th September 2024, it sold 953 units of off-road and passenger vehicles in August 2024. Compared to the 298 units sold in August 2023, it has marked an impressive 219.8% surge in year-on-year (YOY) sales.
The company produced 941 units of cars in August 2024. Compared to the total 309 sales in the same month last year, its year-on-year (YOY) sales increased substantially by 204.53%.
Month-On-Month Rise In Sales
If we talk about the monthly sales comparison, the company made a significant increase of 16% in month-on-month (MOM) sales with 953 units of off-road and passenger vehicles in August against 825 units in July 2024. In addition, production also marked a MOM rise of 6.21% in August 2024 with 941 units, increasing from 886 units produced in July 2024.
Increase in Sales Of Three-Wheelers
Along with the year-on-year (YOY) and month-on-month (MOM) increase in sales of off-road and passenger vehicles, the company also made a significant move in its three-wheeler auto-rickshaw segment. Sazgar Engineering marked a 50.87% hike in YOY sales, with a total of 1643 units produced in August 2024. However, there were 1089 units of the three-wheelers auto-rickshaw in July 2024.
Regarding the increase in production, the company produced 2023 three-wheelers in August, marking a YOY increase of 51.99% from the 1331 units manufactured in the same month last year. The monthly metrics indicate the increase in sales of three-wheelers as 1.17% (MOM). On the other hand, production saw a MOM (month-on-month) hike of 12.7%.
The company is a leading manufacturer of CNG 4-stroke autorickshaws and automotive alloy rims. Moreover, it is leading the local market and expanding its network to the international market.
Sazgar’s new sales performance is impressive. What are your thoughts on this news? Please share your thoughts with us in the comments section.
Dear author H6 is not an off-road kind vehicle. It is a simple compact cross-over utility vehicle because it doesn’t have a two-speed transfer case, it is not built using body on frame construction and last but not the least does not even have solid axle or independent suspension set-up.
Please refer to the brochure, downloaded from Haval website.
https://storage.googleapis.com/havalimages/images/h6%20brochure%20digital.pdf
PS Multilink independent suspension is not used in off-roading vehicles because it is too complex to repair. This characteristic negates the requirements of the term off-road, which implies self-help based serviceability.
In the 4×4 category, sazgar sell the BJ40 and the GWM Tank. Any clarification on their sales numbers.
We would really like a vehicle-wise break up of sazgars sales if possible.