Game
KE torture
字号+ Author: Source:Game 2025-01-16 05:31:46 I want to comment(0)
KARACHI: Competition for producing new energy vehicles (NEVs) has intensified as Sazgar Engineering
KARACHI: Competition for producing new energy vehicles (NEVs) has intensified as Sazgar Engineering Works Ltd (SEWL) plans to introduce the completely knocked down (CKD) model before Dec 31, 2025. In a stock filing on Monday, SEWL said the board of directors had approved the plan, which includes the expansion of the existing paint shop, construction of new warehousing facilities, installation of a solar system of 4-megawatt and construction, erection, installation of new manufacturing facilities for the local assembly of NEVs subject to the approval of relevant government regulatory authorities. The board also approved an estimated expansion cost of Rs4.5 billion, excluding land, which will be financed from the internal cash resources. SEWL’s profit swelled by 697pc to Rs7.94bn in FY24 from Rs995m in FY23. Net sales rose to Rs57.6bn from Rs18bn. The board also recommended a final cash dividend of Rs12 per share in addition to the interim already paid at Rs8 per share. Besides Sazgar, Dewan Farooque Motors Ltd (DFML) last week said it had of EVs at its assembly plant after receiving approval from the Engineering Development Board (EDB). China’s electric vehicle leader, BYD, has also to test the potential of EVs in Pakistan. Master Changan Motors Ltd has also launched its EV vehicles — Deepal L07 sedan and Deepal S07 SUV in Karachi — now available at the company’s 18 dealership network across 12 cities.
1.This site adheres to industry standards, and any reposted articles will clearly indicate the author and source;
Related Articles
-
Four cops among seven booked for kidnap, extortion in Chiniot
2025-01-16 04:35
-
Marmoush sends Frankfurt to win at Kiel
2025-01-16 04:14
-
Woman, four children feared killed as vehicle skids into pond
2025-01-16 03:29
-
CJP Isa spells out reasons for removal of Justice Munib Akhtar
2025-01-16 03:19
User Reviews
Recommended Reads
Hot Information
- KP at risk of dengue outbreak amid spike in cases
- UAE leader seeks to deepen ‘strategic’ ties in US visit during Mideast crisis
- Clashes between Kurram tribes claim five lives
- Life of the Constitution?
- Banks trapped in surplus liquidity
- Poet's Corner
- Mayor asks DPC to ensure transparency in promotions
- Turkiye’s Erdogan says UN, Western values dying in Gaza
- 9 departments to vie for President’s Cup honours
Abont US
Follow our WhatasApp account to stay updated with the latest exciting content