Sazgar Engineering Works Limited announced on Tuesday that it will start the bookings of its CKD [Completelty Knocked Down] models of TANK-500 Hi4-T 4X4 2.0L Turbo AT from January 26.
The company shared the development in a notice to the Pakistan Stock Exchange (PSX) today.
The notice said that the models will be offered in both plug-in hybrid electric (PHEV) and hybrid electric vehicle (HEV) variants.
“The prices and booking details shall be announced by the company through electronic and social media Today evening,” the notice read.
According to details shared by Pak Wheels, 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 has been set at Rs3 million for the HEV and Rs3.5 million for the PHEV. Bookings will commence from January 26, 2026, with deliveries expected within three to four months.
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.
Last year in September, the company had announced plans to roll out its upcoming PHEV models, TANK-500 and CANNON, by March 31, 2026, “as part of its continued push into the New Energy Vehicle (NEV) segment”.
It said the auto sector was showing encouraging signs of recovery and gradually regaining momentum.
“This resurgence is providing opportunities for the auto assemblers to expand their product offerings across multiple categories, including petrol, hybrid, plug-in hybrid and electric vehicles.
Aligned with the positive outlook, Sazgar remains committed to the introduction of New Energy Vehicles (NEVs) equipped with advanced technologies and modern features in line with the government’s policy framework,” the company said back then.
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