Sazgar Engineering Works Limited on Tuesday announced that it will begin bookings for its Completely Knocked Down (CKD) models of the TANK-500 Hi4-T 4×4 2.0L Turbo Automatic from January 26, marking another step in the company’s expansion into the new energy vehicle segment.
The development was shared through a formal notice submitted to the Pakistan Stock Exchange (PSX).
According to the notice, the TANK-500 CKD models will be offered in both Plug-in Hybrid Electric Vehicle (PHEV) and Hybrid Electric Vehicle (HEV) variants, giving customers multiple powertrain options.
“The prices and booking details shall be announced by the company through electronic and social media today evening,” the company said in its disclosure.
A plug-in hybrid electric vehicle combines a conventional petrol engine with a larger battery pack compared to standard hybrids. This allows the vehicle to operate solely on electric power for a limited range before switching to hybrid mode, where both the engine and electric motor work together.
Previously, in September last year, Sazgar had announced plans to introduce its upcoming PHEV models — TANK-500 and CANNON — by March 31, 2026, as part of its broader strategy to strengthen its presence in the New Energy Vehicle (NEV) market.
At the time, the company noted that Pakistan’s auto sector was showing signs of recovery and gradually regaining momentum after a prolonged slowdown.
“This resurgence is creating opportunities for auto assemblers to expand their product portfolios across multiple categories, including petrol, hybrid, plug-in hybrid, and electric vehicles,” the company had said.
Sazgar further stated that it remains committed to launching NEVs equipped with advanced technologies and modern features, in line with the government’s policy framework aimed at promoting cleaner and more efficient transportation solutions.
