Home Business Sazgar Engineering Sells Over 3,400 Units in October

Sazgar Engineering Sells Over 3,400 Units in October

by Hameed

Sazgar Engineering Works Limited reported strong growth in production and sales for October 2024, especially in its three-wheeler and four-wheeler segments. The company produced 2,520 three-wheelers and sold 2,401 units this month, a big jump compared to the 1,189 produced and 1,004 sold in October last year, showing high demand.

For four-wheelers, popular models like the Haval H6 and Jolion also saw a boost, with 1,008 units produced and 1,002 sold in October. This is a significant rise from the 244 produced and 253 sold in the same month the previous year.

This positive report follows Sazgar’s earlier announcement of an impressive 541% year-over-year earnings growth in the first quarter of the fiscal year, reaching Rs. 4.2 billion. Profits also rose 21% from the previous quarter.

The company’s sales included 2,605 four-wheelers, showing 3.5% growth from last year, and 5,435 three-wheelers, marking an 89% increase. Net sales climbed 3.3% year-over-year to Rs. 26.3 billion, driven by demand for the Haval line and expanded production efforts. These results highlight Sazgar’s growth and the increasing popularity of its vehicles in the market.

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