Sazgar to launch CBU electric vehicle

By Our Correspondent
August 14, 2024
A representational image of an electric vehicle plugged to a charger during the media day at the Canadian International Auto show in Toronto, Ontario, Canada, February 14, 2019. — Reuters
A representational image of an electric vehicle plugged to a charger during the media day at the Canadian International Auto show in Toronto, Ontario, Canada, February 14, 2019. — Reuters

KARACHI: Sazgar Engineering Works Limited has announced the launch of a new electric vehicle for the Pakistani market.

In a notification to the Pakistan Stock Exchange (PSX) on Tuesday, the company said, “We are pleased to inform that the company is planning to launch a new imported completely built in unit (CBU) ‘ORA-07 EV’ electric vehicle within a couple of days,” adding that the booking process for these vehicles “will be commenced accordingly”.

Sazgar Engineering was incorporated in Pakistan on September 21, 1991 as a private limited company; it then went public on November 21,1994. The company is engaged in the manufacturing and sale of automobiles, automotive parts and household electric appliances.Popular for manufacturing three-wheelers, Sazgar has recently been marketing hybrid four-wheeler as well.