Sazgar Engineering Works Limited has officially opened bookings for the locally assembled (CKD) TANK 500, marking its entry into Pakistan’s premium SUV segment

The TANK 500 is being offered in plug-in hybrid (PHEV) and hybrid electric (HEV) variants, priced at Rs22.5 million and Rs20.5 million, respectively. The new addition is expected to meaningfully enhance SAZEW’s product mix and support earnings growth over the medium term.

SUVs continue to reshape Pakistan’s automobile landscape, with industry data showing the segment’s share rising sharply over recent years. The premium SUV category, in particular, has emerged as a key growth driver amid shifting consumer preferences.

Positioned as a full-size luxury SUV, the TANK 500 combines advanced hybrid technology, high-end features, and off-road capability. Both variants are powered by a 2.0-litre turbocharged petrol engine, paired with a 9-speed automatic transmission and four-wheel drive, delivering strong performance and efficiency.

Globally, the model has already gained traction across the Middle East, Southeast and Central Asia, Australia, and parts of Africa and Latin America, lending confidence to its local rollout.

In Pakistan, the TANK 500 competes directly with established offerings such as Toyota Fortuner and Land Cruiser Prado, while differentiating itself through hybrid technology and a competitive value proposition.

Based on initial rollout assumptions, deliveries of around 200 units in 4QFY26 are expected to add approximately Rs5.3 per share to earnings. If volumes scale to 700 units in FY27, earnings contribution could rise to Rs17.6 per share.

Further upside is anticipated from the planned launch of the Cannon Alpha 4×4 PHEV, which could strengthen SAZEW’s position in the pickup and hybrid vehicle segments. With Pakistan’s pickup market averaging around 11,000 units annually, higher-than-expected deliveries could significantly boost profitability.

Factoring in both new model launches, projected earnings are estimated at Rs330.2 per share in FY26, Rs348.9 per share in FY27, and Rs400.9 per share in FY28, supported by steady dividend payouts.

With improving exposure to premium vehicles and a growing hybrid portfolio, SAZEW’s earnings outlook appears increasingly robust, reinforcing positive sentiment around the stock.