karachi: Sazgar Engineering Works Limited has announced the upcoming launch of its new electric vehicle, the "ORA-07 EV," a completely built unit (CBU) imported for the local market. The company plans to initiate bookings for this new model within the next few days.

According to the disclosure filed in compliance with Section 96 of the Securities Act, 2015 and Clause 5.6.1(a) of the Pakistan Stock Exchange (PSX) Regulations, the launch details were communicated to the TRE Certificate Holders of the Exchange. The "ORA-07 EV" marks a significant expansion in Sazgar’s product line, catering to the growing demand for electric vehicles in the region.

The introduction of the ORA-07 EV is part of Sazgar’s strategic initiatives to diversify its offerings in the automotive market, particularly in the electric vehicle segment. According to information available from the Pakistan Stock Exchange (PSX), this move is expected to enhance the company's footprint in the eco-friendly vehicle market, aligning with global trends towards sustainability.

This development underscores Sazgar Engineering Works Limited's commitment to innovation and its adaptation to changing market dynamics, particularly in the context of increasing environmental awareness and the push for green technology in the automotive industry.