Sazgar Engineering (SAZEW) has witnessed a significant year-on-year (YOY) of over 200% of its four-wheel off-road and passenger vehicles. According to the company’s filings on the Pakistan Stock Exchange (PSX) on Thursday, 5th September 2024, it sold 953 units of off-road and passenger vehicles in August 2024. Compared to the 298 units sold in August 2023, it has marked an impressive 219.8% surge in year-on-year (YOY) sales.
The company produced 941 units of cars in August 2024. Compared to the total 309 sales in the same month last year, its year-on-year (YOY) sales increased substantially by 204.53%.
Month-On-Month Rise In Sales
If we talk about the monthly sales comparison, the company made a significant increase of 16% in month-on-month (MOM) sales with 953 units of off-road and passenger vehicles in August against 825 units in July 2024. In addition, production also marked a MOM rise of 6.21% in August 2024 with 941 units, increasing from 886 units produced in July 2024.
Increase in Sales Of Three-Wheelers
Along with the year-on-year (YOY) and month-on-month (MOM) increase in sales of off-road and passenger vehicles, the company also made a significant move in its three-wheeler auto-rickshaw segment. Sazgar Engineering marked a 50.87% hike in YOY sales, with a total of 1643 units produced in August 2024. However, there were 1089 units of the three-wheelers auto-rickshaw in July 2024.
Regarding the increase in production, the company produced 2023 three-wheelers in August, marking a YOY increase of 51.99% from the 1331 units manufactured in the same month last year. The monthly metrics indicate the increase in sales of three-wheelers as 1.17% (MOM). On the other hand, production saw a MOM (month-on-month) hike of 12.7%.
The company is a leading manufacturer of CNG 4-stroke autorickshaws and automotive alloy rims. Moreover, it is leading the local market and expanding its network to the international market.
Sazgar’s new sales performance is impressive. What are your thoughts on this news? Please share your thoughts with us in the comments section.
