Sazgar to venture into LCV, passenger car manufacturing

[ziaulislam]

Lets hope this attempt does not become another Adam,

This seems like the 2nd attempt after Adam for something actually domestic,

I expect things to be better this time because slowly the people are more aware than the 2003 era of Adam, Even at that time, Kia and Hyundai had other lucrative options apart from the Big 3 but right now its the most ripe situation since now even KIA and Hyundai are out of picture, if people do support them and Saazgar do some homework, I believe they might actually be viable and may not face the same fate as ADAM

problem is govt, punjab govt just released a new taxi scheme guess what, its the Suzuki mehran
same is military
local industry will require some help form govt to rise intially

 

[Mangus Ortus Novem]

A great sight to behold... Pak local manufactureres spreading their wings!

It is critical that Pak local manufacturers up their game, either by tying up with established players or seeking investments from local or foreign investors.

Pak market is huge! It is just now that things are taking a turn for better. A lot of good decades ahead.

Look at the Chinese car makers... where were they twenty years ago and where they are now. Same goes for Koreans...

The most important thing is to establish industrial base with complete local supply chain. Car making can and must add a huge chuck of Pak national GDP

Herein Pak Gov needs to work for the people and not some lobby/monopoly.

Given the geography of Pak there is a very large need in the market for rugged off-roaders as well. Medium and heavy duty trucks also need local production.

How else Pak is going to manage all those industrial zone outputs and transport them? By importing vehicles?

I say from fighters to ships, from tanks to rockets and from bicycles to trains Pak must establish local production...be it through JVs or what-nots... Pak youth needs to be employed!

And Pak customers need value for their money!!!!

 

[Zibago]

Lets hope this attempt does not become another Adam,

This seems like the 2nd attempt after Adam for something actually domestic,

I expect things to be better this time because slowly the people are more aware than the 2003 era of Adam, Even at that time, Kia and Hyundai had other lucrative options apart from the Big 3 but right now its the most ripe situation since now even KIA and Hyundai are out of picture, if people do support them and Saazgar do some homework, I believe they might actually be viable and may not face the same fate as ADAM

They have their rickshaw business to provide them with any aftershock of a failed venture

 

[raahaat7]

Adam came a decade too early.
The Tatas first vehicle was a flop. But then with a little change in the design they introduced Tata Sumo, 5 years later. It proved to be a big hit. And then they never looked back. Perseverance, and off course the support from the gov pays.

 

[Mahmood-ur-Rehman]

Sazgar to venture into LCV, passenger car manufacturing
By Farhan Zaheer
Published: May 12, 2017
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PHOTO: REUTERS

KARACHI: Sazgar Engineering Works Limited, the makers of Sazgar CNG auto rickshaws, has decided to explore new opportunities for the manufacturing of passenger cars and light commercial vehicles (LCVs) in Pakistan.

The company intends to set up a brand new car plant under the Greenfield Investment Category that has already been announced in the five-year Automotive Development Policy (ADP) 2016-21, according to a company notice sent to the Pakistan Stock Exchange (PSX) on Thursday.

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However, the company did not mention any amount that it wanted to invest in the project. The new auto policy, announced last year, has attracted many new players to the automobile industry. Most of the new local companies have already announced big investment plans in collaboration with leading global automakers like Kia, Hyundai, etc.

In September 2016, Sazgar Engineering announced an investment of Rs330 million to expand its production capacity from 20,000 units to 30,000 units per year. The company wants to benefit from the increasing market demand for auto rickshaws and the future growth in the automobile sector.

The expansion plan was being implemented on 27 acres of land located near Raiwind, Lahore. At present, the company’s production facilities are spread over five acres.

The company posted a net profit of Rs108 million in fiscal year 2016, up 46% from Rs74 million in the previous year.

The KSE-100 index closed at 51,426, up 322 points or 0.63% on Thursday. The news of expected investment helped Sazgar Engineering’s stock to close at Rs129.35, up 5%.

Analysts say the absence or limitation of public transport facilities in big cities has provided a wider space for auto rickshaws. Over the years, compressed natural gas (CNG) auto rickshaws have gradually replaced taxis in major cities, especially in Lahore and Karachi. Sazgar makes four-stroke CNG auto rickshaw (three-wheelers) and automotive wheel rims.

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The company also exports its products to international markets. It is capable of designing and developing moulds, tools, jigs and fixtures of all types for sheet metal components.

The company was incorporated in September 1991 as a private limited company, but later it converted into a public limited company in November 1994.

Published in The Express Tribune, May 12th, 2017.
https://tribune.com.pk/story/1407601/sazgar-venture-lcv-passenger-car-manufacturing/
This could be start of something big man Made in Pakistan cars from a rickshaw company
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