Sazgar Engineering Sets a New High Sales Record

Sazgar Engineering Works Limited (SAZEW) has achieved an impressive milestone, setting a new high in sales for its four-wheel off-road and passenger vehicles. According to the company’s filings on the Pakistan Stock Exchange (PSX) on Thursday, September 5, 2024, Sazgar recorded a year-on-year (YOY) growth of over 200%. This surge highlights the company’s strong performance in the automotive sector, particularly in the off-road and passenger vehicle markets.

In August 2024, Sazgar sold a total of 953 units of its off-road and passenger vehicles, marking a significant increase compared to the 298 units sold in the same month last year. This reflects a remarkable 219.8% year-on-year surge in sales, showcasing the growing demand for Sazgar’s vehicles. The company’s production output also increased significantly, with 941 units produced in August 2024, compared to 309 units in the same period last year. This resulted in a 204.53% increase in year-on-year production, further solidifying the company’s strong market presence.

Month-On-Month Rise in Sales

In addition to the year-on-year growth, Sazgar also demonstrated a strong month-on-month (MOM) sales performance. In August 2024, the company sold 953 units of off-road and passenger vehicles, marking a 16% increase from the 825 units sold in July 2024. This consistent month-on-month growth is a testament to the company’s ability to meet customer demands and maintain a steady supply chain.

The production side also saw a month-on-month rise. In August 2024, Sazgar produced 941 units of cars, reflecting a 6.21% increase compared to the 886 units produced in July 2024. This continuous rise in both sales and production suggests that the company is well-positioned to capitalize on the growing automotive market.

Significant Increase in Three-Wheeler Sales

In addition to its strong performance in the four-wheel off-road and passenger vehicle segments, Sazgar Engineering also made notable strides in its three-wheeler auto-rickshaw segment. The company has long been a leader in the production of CNG 4-stroke auto-rickshaws and continues to dominate this market.

In August 2024, Sazgar produced a total of 1,643 units of its three-wheelers, marking a significant 50.87% year-on-year increase compared to the same period last year. In August 2023, the company produced 1,089 units, demonstrating a substantial rise in demand for its auto-rickshaws.

When it comes to production, Sazgar manufactured 2,023 three-wheelers in August 2024, a 51.99% year-on-year increase from the 1,331 units produced in August 2023. On a month-on-month basis, the sales of three-wheelers saw a 1.17% increase, with 1,643 units sold in August compared to 1,624 units in July 2024. Similarly, production saw a notable 12.7% month-on-month increase, with 2,023 units produced in August compared to 1,794 units in July 2024.

A Market Leader in Innovation

Sazgar Engineering’s impressive sales performance is not only limited to the local market. The company has established itself as a leading manufacturer of automotive alloy rims and CNG 4-stroke auto-rickshaws. It has also taken significant steps toward expanding its network internationally. Sazgar’s ability to innovate and meet the evolving needs of the market has allowed it to maintain a competitive edge.

The company’s growing presence in the off-road vehicle market and its continued dominance in the three-wheeler auto-rickshaw segment indicate a strong future ahead. The robust year-on-year and month-on-month increases in both sales and production show that Sazgar is not just meeting but exceeding market expectations.

Conclusion

Sazgar Engineering has set a new benchmark with its exceptional sales performance in both the four-wheel and three-wheeler segments. The company’s 219.8% year-on-year growth in the off-road and passenger vehicle category and a 50.87% hike in three-wheeler sales are clear indicators of its market leadership. With consistent month-on-month growth and significant increases in production, Sazgar continues to make strides in both local and international markets.

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