Sazgar Signs MOU With Chinese Auto Company To Manufacture Ve

13 Mar 2021

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Sazgar Signs MOU With Chinese Auto Company To Manufacture Ve

Sazgar signed an agreement with a well-known Chinese automaker
The company said the deal is for the manufacturing / assembly, sale and after-sales service of commercial and passenger vehicles, subject to approval by the relevant government authorities.

Pakistani auto dealer Sazgar Engineering Works Limited has entered into an agreement with a Chinese automaker to manufacture passenger and commercial vehicles.

"We are pleased to inform you that, in addition to the BAIC brand, the company also signed a Vehicle Assembly Technical and Cooperation Agreement with a well-known Chinese automaker," Sazgar said in a statement on Friday.

The company said the deal is for the manufacturing / assembly, sale and after-sales service of commercial and passenger vehicles, subject to approval by the relevant government authorities.

Sazgar saw more than 50% of his revenue in the first quarter of fiscal 21 when business resumed after closing. Production volume for the company's three-wheelers increased to 3,888 units, up from 2,479 units seen during 1TFY21.

In January, Sazgar announced his intention to enter the Pakistani auto market with the BAIC D20, which includes a hatchback version and a sedan. BAIC Group is the third largest automotive group in China, selling 3.5 million cars a year.

Sazgar is known to assemble his four cars locally under his greenfield status, which the company acquired under the 2016-21 government automotive development policy, in addition to other automakers such as KIA, United Motors, Regal Motors, MG Motors, Changan, Proton, Hyundai and Volkswagen.

Sazgar Chinese Auto Company Chinese Auto

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