Sazgar Engineering Works Limited has announced that it will start manufacturing Tank 500 in Pakistan by March 31, 2026. Alongside the Tank 500, Sazgar also plans to manufacture the locally assembled Cannon PHEV within the same period.
The disclosure was made in the company’s 2025 Annual Report released last week.
Sales Growth in the Four-Wheeler Segment
According to Sazgar, they sold 10,889 units in 2025, up from 5,392 units in 2024. This represents an increase of over 101% year-over-year, indicating signs of recovery in the local automotive market compared to the previous fiscal year.
Expansion and Investment Plans
Moreover, the company’s new investments are being made in line with the Government’s New Energy Vehicle (NEV) policy, which has placed pressure on automakers to shift towards cleaner technologies.
For that, Sazgar has approved new investments to support the NEV program. This includes:
- Acquisition of land worth Rs 1.54 billion
- Expansion of four-wheeler manufacturing facilities
- Revised cost estimate of Rs 11.50 billion (excluding land cost)
According to the company, the new facilities will focus on the manufacturing of New Energy Vehicles, with CKD models planned before the end of March 2026.
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