Sazgar to Launch TANK-500 and CANNON Plug-in Hybrid Vehicles by March 2026

Sazgar Engineering Works Limited (PSX: SAZEW) has revealed plans to expand its New Energy Vehicle (NEV) lineup with two new Plug-in Hybrid Electric Vehicles (PHEVs) — the TANK-500 and CANNON. According to the company’s recently released annual report, both models are scheduled for CKD (Completely Knocked Down) rollout by March 31, 2026.

Company’s Growing Focus on PHEVs

Sazgar has already made notable strides in the hybrid segment. On August 16, 2025, the automaker successfully rolled out its first CKD PHEV, the HAVAL H6 1.5L, marking a milestone in its local assembly operations. Building on this success, the company is now preparing to introduce more advanced models to cater to the evolving needs of the Pakistani market.

Models in the Pipeline: TANK-500 and CANNON

The TANK-500 is expected to be a premium SUV offering robust performance, off-road capability, and hybrid efficiency, while the CANNON PHEV will likely target the pickup and utility vehicle segment. Both models are designed to integrate modern features with energy-efficient technology, aligning with global trends in sustainable mobility.

Industry Context and Market Outlook

According to Sazgar’s report, Pakistan’s auto industry is showing early signs of recovery, creating opportunities for automakers to diversify across petrol, hybrid, plug-in hybrid, and electric vehicles. The introduction of PHEVs is expected to bridge the gap between conventional vehicles and fully electric models, making them a practical choice for local consumers who want fuel efficiency without range anxiety.

The company reaffirmed its commitment to aligning with the government’s New Energy Vehicle policy framework, which encourages investment in hybrid and electric technologies to reduce dependence on fossil fuels and lower emissions.

The planned launch of the TANK-500 and CANNON PHEVs by March 2026 marks a significant step for Sazgar Engineering Works in cementing its role as a frontrunner in Pakistan’s NEV segment. With consumer demand shifting toward cleaner, more efficient vehicles, Sazgar’s strategic expansion positions it strongly for long-term growth.

Disclaimer

The information provided in this article about Sazgar Engineering Works Limited’s upcoming Plug-in Hybrid Electric Vehicles (PHEVs), including TANK-500 and CANNON, is based on the company’s publicly released annual report and official announcements. Specifications, launch timelines, and features are subject to change at the company’s discretion. This article is for informational purposes only and does not constitute financial advice, investment guidance, or an official communication from Sazgar Engineering Works. Interested readers are encouraged to verify details directly with the company or authorized dealerships.

Afsheen Gohar

Afsheen Gohar is a seasoned writer with a wealth of experience in crafting authentic and well-researched articles. Her dedication to delivering high-quality content is evident in her work, where she combines a passion for storytelling with a commitment to accuracy and depth. Afsheen’s writing reflects her ability to engage readers with compelling narratives while providing valuable insights on a diverse range of topics.