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Sazgar Engineering Car Sales Top 1,000 Units Last Month

Jawad  06 Nov 2024   154
Sazgar Engineering Car Sales Top 1,000 Units Last Month

Sazgar Engineering Car Sales Top 1,000 Units Last Month

Following recent profit gains, Sazgar Engineering has shared production and sales updates for October 2024, reflecting positive trends across its vehicle range. The monthly report highlights strong performance in both the three-wheeler and four-wheeler segments, marking a successful period for the company.

High Demand for Three-Wheelers
Sazgar produced 2,520 three-wheelers in October, selling 2,401 units, which underscores the sustained demand for these vehicles. This high sales volume indicates that Sazgar’s three-wheelers are well-aligned with market needs, capturing the interest of a diverse customer base. The efficient production and quick turnover emphasize Sazgar's ability to meet customer demands.

Solid Four-Wheeler Sales
In the four-wheeler segment, models like the Haval H6 and Jolion continued their strong market presence. Sazgar manufactured 1,008 units, selling nearly all with 1,002 units sold. This high sales-to-production ratio reveals the popularity of Sazgar’s four-wheelers, which continue to be preferred by consumers for their quality and performance.

October Success Reflects Overall Growth
The October 2024 figures demonstrate Sazgar's ability to balance production with demand in both segments. With robust sales and efficient production, the company is effectively responding to market needs, reinforcing its position in the automotive sector.

Record Profit Growth and Dividend
Last week, Sazgar reported a record-breaking 541% year-over-year profit increase, reaching Rs. 4.2 billion for the first quarter of FY25. Quarterly profits also rose by 21%, supported by strong sales in both vehicle categories. Net sales grew by 3.3% to Rs. 26.3 billion, driven largely by the demand for Haval vehicles.

Financial Stability and Market Response
In a landmark move, Sazgar declared its first-ever dividend of Rs. 10 per share for Q1 FY25, reflecting financial stability and growth. With record monthly four-wheeler production achieved in September 2024, the company’s operational strength and market response are evident. Let us know your thoughts on Sazgar's performance in the comments below!
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