Sazgar Engineering Works Limited (SAZEW): Driving the SUV Market in Pakistan – By Sherman Research

<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 8 th 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 and tax exemption on auto parts). We expect Sazgar&rsquo;s earnings to sustain in near term despite competition from new entrants in hybrid SUV market, thanks to its successful brand &lsquo;HAVAL&rsq...