Sazgar Engineering Works to start car production by June 2019. Company has planned to spend RS1.76 billion on four-wheel assembly greenfield project. Facility will be capable of producing 24000 units annually. Model is same like United motors have adopted using Chinese technology and assembling in Pakistan. A vehicle assembly corporation agreement is already signed with a Chinese company.
Sazgar rickshaws with a huge success and increasing demand company has planned to increase production. Plan is to increase production hours while staying in same production facilities. According to company they are near get approval from authorities regarding project.
Automobile industry is expanding few new stake holders are entering which will not only bring investment to the country but also earning opportunities for general public. Investment in automobile industry will be beneficial in along with engine oil, carwash, car repairing and parking facilities business.
Most shinning opportunity will be dealership from automobiles to lubricants. All these will be powered by demand increased because of high population rate and expanding markets.
Company website : http://www.sazgarautos.com/