ISLAMABAD (Kashmir English): A Pakistani auto assembler, Sazgar Engineering Works (SAZEW), has announced the rollout of its hybrid sport utility vehicle (SUV) “Tank-500” Hi4-T 4X4 2.0L Turbo AT with trial production scheduled by the end of March 2026.
The listed company informed the Pakistan Stock Exchange (PSX) on Monday that the Completely Knocked Down (CKD) model of the vehicle will mark its entry into the hybrid segment.
It said that the vehicle is available in both plug-in hybrid electric vehicle (PHEV) and hybrid electric vehicle (HEV) variants.
“The first rollout of the CKD model of TANK-500 Hi4-T 4X4 2.0L Turbo AT PHEV and HEV shall be made by the end of March, 2026, with trial operation,” the notice to PSX stated.
The rollout comes alongside a broader expansion strategy, with the company completing its existing four-wheeler expansion plan worth Rs11.5 billion, including installation of a new assembly line, a 5.7-megawatt solar system, and warehousing facilities.
Sazgar said Rs6.5 billion has already been spent on the expansion, while the remaining Rs5 billion has been reallocated towards setting up a fully automated paint shop facility.
The board has also approved a new expansion plan with an estimated cost of Rs22 billion, excluding land, for the installation of a fully automated paint shop, civil works, and ancillary equipment.
“After completion of this expansion, total installed production/assembly capacity of the four-wheelers plant shall increase to 54,000 units per annum on a single shift basis,” it added.
Tank-500 price in Pakistan
Earlier in January, the SAZEW announced the bookings of TANK-500.
It was reported that the Tank 500 HEV is priced at Rs20.5 million, ex-factory, while the PHEV variant carries an ex-factory price of Rs22.5 million.
The booking amount was set at Rs3 million for the HEV and Rs3.5 million for the PHEV.
A PHEV combines a gasoline engine with a larger battery pack than a standard hybrid, allowing it to run on electricity alone for a certain distance. Once the electric range is depleted, the vehicle functions like a regular hybrid, using both the engine and electric motor.
