Sazgar Engineering Works Limited (PSX: SAZEW) has announced plans to introduce its upcoming Plug-in Hybrid Electric Vehicle (PHEV) models, TANK-500 and CANNON, by March 31, 2026, as part of its growing focus on the New Energy Vehicle (NEV) segment.
The development was shared in the company’s annual report released a day earlier.
“Sazgar successfully rolled out its first CKD [Completely Knocked Down] PHEV, the HAVAL H6 1.5L, on August 16, 2025. CKD rollouts of TANK-500 and CANNON PHEVs are scheduled by March 31, 2026,” the report said.
The automaker noted that Pakistan’s auto industry is showing signs of recovery, creating opportunities for assemblers to diversify across petrol, hybrid, plug-in hybrid, and electric vehicles.
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“In line with this positive outlook, Sazgar is committed to expanding its NEV lineup with advanced technologies and modern features, consistent with the government’s policy framework,” it added.
