Sazgar Engineering Works Limited, a rickshaw manufacturer turned automobile manufacturer, announced in a filing to the Pakistan Stock Exchange that commercial manufacturing of its BAIC automobiles will begin next month (PSX).
“We are glad to inform you that, following the successful conclusion of the trial operation, commercial manufacturing of the BAIC vehicles will begin on September 1, 2021,” the business stated.
Pakistan is attempting to boost industrial production in the country, and this breakthrough comes as part of that effort.
The government also wants to boost Pakistan’s vehicle manufacturing to 300,000 units per year, and it’s certain that policy initiatives like tax reduction measures proposed in the current fiscal year’s budget will help it accomplish that goal.
Sazgar inked a contract for the production of passenger and commercial cars with a Chinese carmaker back in March.
The BAIC D20, which comes in hatchback and sedan versions, has been announced as Sazgar’s entry into the Pakistani car market.
BAIC is China’s third-largest automaker, selling 3.5 million vehicles annually.