Rickshaw maker Sazgar gets approval for car manufacturing plant

Sazgar Engineering Works, the auto rickshaw maker, has been allowed to set up a new car manufacturing plant in Pakistan in partnership with a Chinese company and awarded the Category-A, Greenfield Investment status, according to a notice to the PSX. The vehicles will be assembled and manufactured under the brand name ‘BAIC’. The plant would have a production capacity of 24,000 units per annum. Sazgar had announced in Jan’18 to set up the light commercial vehicles (LVCs) plant on a fast track basis and roll-out models in a maximum of 18 months to tap potential growth in auto sector in Pakistan. To achieve the target, it has put on hold its earlier announced expansion plan for three-wheelers.

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