Sazgar to launch Cannon Alpha in coming months: report
Sazgar Engineering Works Limited is expected to launch its new Cannon Alpha vehicle in Pakistan in the coming months, with the company planning to introduce the model at a competitive price The management said this during a corporate briefing attended by Topline Securities. “The launch of Cannon Alpha is expected in the coming months, with management indicating it to be launched at a competitive…
Sazgar Engineering Works Limited is set to launch its new Cannon Alpha vehicle in Pakistan within the coming months, according to a report by Topline Securities. The management indicated that the model will be introduced at a competitive price. This comes after the company showcased a lineup of new energy vehicles (NEVs) at the Pakistan Auto Show, including Tank 300 and Jolion Max.
Sazgar's management expects future product launches to increasingly focus on plug-in hybrid electric vehicles (PHEVs), with anticipation of government support through an upcoming auto policy. The company is currently absorbing the increase in GST, hoping for a more favorable policy soon that may include lower GST. Sazgar operates 32 dealerships, the largest network among new entrants in Pakistan, and expects to open five to six more in the near future.
The company was incorporated in Pakistan in 1991 and became a public limited company in 1994, primarily manufacturing and selling automobiles, automotive parts and accessories, and household electronic appliances. Recently, Sazgar expanded into the four-wheeler segment, launching SUVs, and started production of hybrid electric vehicles under the HAVAL brand.
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