Sazgar Engineering Works Limited has confirmed its plans to launch locally assembled Tank 500 in Pakistan. As outlined in the company’s 2025 Annual Report, production will start manufacturing by March 31, 2026. Alongside this flagship SUV, the company will also introduce the Cannon PHEV (also referenced as a pickup truck variant). Both models fall under the framework of the government’s NEV policy (New Energy Vehicle policy), highlighting Sazgar’s commitment to sustainable mobility and innovation.
Strong Sales Growth in 2025
The year 2025 marked a major success for Sazgar Engineering Works Limited, with significant expansion in its four-wheeler business. The company reported sales growth (10,889 units in 2025 vs. 5,392 in 2024)—a 101% year-over-year increase. This performance not only underscores the brand’s market acceptance but also reflects growing consumer confidence in locally produced vehicles.
Heavy Investments and Facility Expansion
To prepare for the upcoming launch and future demand, Sazgar Engineering has undertaken large-scale investments in infrastructure:
- Land acquisition (Rs 1.54 billion) for expanding production facilities
- Investment in four-wheeler manufacturing (facility expansion) to support NEV production capacity
- Estimated investment cost (Rs 11.50 billion, excluding land), ensuring long-term growth and sustainable manufacturing
These steps align closely with the government NEV policy, which encourages the local assembly of hybrid and electric vehicles to reduce reliance on imports.
Upcoming CKD Models
According to the 2025 Annual Report, Sazgar has multiple CKD models being planned before March 31, 2026, including:
- The Tank 500 (locally assembled)
- The Cannon PHEV pickup
Both models will benefit from local assembly advantages, offering competitive pricing, after-sales support, and better accessibility compared to fully imported units.
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What to Expect from the Tank 500 PHEV
Although the final specifications for Pakistan are yet to be disclosed, international versions of the Tank 500 PHEV provide strong indicators of its features and performance.
Performance & Powertrain
| Specification | Details |
| Engine | 2.0L turbocharged petrol engine paired with an electric motor |
| Combined Output | Around 402 hp and 750 Nm torque |
| Transmission | 9-speed hybrid automatic with full-time 4WD |
| Electric Driving Range | Up to 110 km WLTC supported by a 37 kWh battery |
Interior & Comfort
| Feature | Details |
| Seating | Spacious 7-seat layout with premium leather upholstery |
| Climate & Roof | Panoramic sunroof and tri-zone climate control |
| Lighting & Sound | Advanced ambient lighting and premium audio system |
| Infotainment | Modern infotainment with smart connectivity features |
Market Positioning
The Tank 500 PHEV will directly compete with premium SUVs such as the Toyota Land Cruiser Prado and Toyota Fortuner Legender, offering a balance of luxury, performance, and fuel efficiency.
Key Highlights
| Aspect | Details |
| Company | Sazgar Engineering Works Limited |
| SUV Model | Tank 500 (locally assembled) |
| Pickup Model | Cannon PHEV |
| Manufacturing Start | By March 31, 2026 |
| Annual Report | 2025 Annual Report confirms launch |
| Sales Growth | 10,889 units in 2025 vs. 5,392 in 2024 |
| Government Policy | NEV policy (New Energy Vehicle policy) |
| Land Value | Rs 1.54 billion |
| Investment | Rs 11.50 billion (excluding land) |
| Future Lineup | CKD models before March 31, 2026 |
Outlook
The move by Sazgar Engineering Works Limited to launch locally assembled Tank 500 and Cannon PHEV signals a bold step in Pakistan’s automotive evolution. Backed by rapid sales growth in 2025, heavy investments, and alignment with the government NEV policy, the company is strategically positioned to lead the local hybrid and electric vehicle market.
By March 31, 2026, Pakistani buyers can expect advanced CKD models that deliver modern design, hybrid efficiency, and competitive pricing—positioning Sazgar as a strong challenger to established global players in the SUV and pickup segments.
