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Sazgar Engineering Works Limited (SAZEW): Dominating the Growing SUV Market – By Sherman Research

  • By: Sherman Securities (Pvt.) Ltd.

  • - Published: Tuesday, 16 April 2024
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<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">In recent months, Sazgar Engineering Works Limited (SAZEW) has captured significant attention within the auto sector by introducing Haval SUV brand in August 2022 through a JV with Great Wall Motors (GWM) - China&rsquo;s 8th largest automobile manufacturer. Beside dominating SUV market, Sazgar already has a well established 3-wheeler rickshaw brand alongside automotive parts segment.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">With highest gross margin in the industry (due to its cost efficiency), Sazgar&rsquo;s earnings to sustain in near term despite introduction of new entrants in hybrid SUV market, thanks to its successful brand &lsquo;HAVAL&rsquo;.</span></li></ul><ul><li><span style="fon...

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