Sazgar Engineering to Introduce New Energy Vehicles in FY26

Sazgar Engineering Works (SAZEW) anticipates launching new energy vehicles (NEV) in Pakistan by the latter part of fiscal year 2026. The automaker has announced a 155% increase in capital expenditure (CapEx) for its NEV facility.

The announcement was made during an analyst briefing attended by several brokerage firms on Friday.

According to JS Global, who participated in the briefing, the company has revised its CapEx from the initial Rs4.5 billion to Rs11.5 billion for the new NEV manufacturing/assembly plant and other efficiency initiatives. These initiatives encompass:

  • Expansion of the existing paint shop
  • Construction of new warehousing facilities
  • Installation of a 5.7MW solar power plant

The initial launch of NEV vehicles, potentially including ORA models, is projected for the latter part of FY26.

ORA-07 EV Launch in Pakistan

ORA is an EV-focused sub-brand of the Chinese automotive manufacturer Great Wall Motors (GWM). GWM has a diverse brand portfolio, including Haval, Ora, and Tank, alongside the automotive technology firm Salon Mecha Technology Co., Ltd.

Sazgar’s management also reaffirmed their intentions to introduce the GWM Tank 500 (a luxury SUV) and are exploring PHEV models as well, stated JS Global.

The company’s production capacity is expected to rise from approximately 40 units per day to around 90 following the expansion.

Management indicated that these new vehicles would not be classified under the greenfield status.

JS Global believes that Sazgar is prioritizing volume growth, and the launch of its NEV lineup should help to maintain profit margins, conditional on the incentives provided in the upcoming NEV policy.