Sazgar's four-wheeler sales decline 41.72% month-on-month in November

Sazgar Engineering Works Limited reported a 41.7% decline in four-wheeler sales and a 1.5% drop in production in November 2024, while three-wheeler sales fell by 17.7% and production decreased by 14.6% compared to October, according to the company’s filing on PSX today.

In the three-wheeler segment, production in November stood at 2,152 units, down from 2,520 units in October, while sales dropped from 2,401 units to 1,976 units.

For four-wheelers, production in November was 993 units, slightly lower than October’s 1,008 units. Sales dropped significantly to 584 units in November, compared to 1,002 units in October.

[caption id="attachment_179814" align="aligncenter" width="1266"] Source: psx.com.pk[/caption]

Sazgar Engineering, incorporated in Pakistan in 1991 and later converted to a public limited company in 1994, is engaged in the manufacture and sale of automobiles, automotive parts, and household electric appliances.