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 this 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.
In another statement, Great Wall Motor (GWM) said the Tank 500 has been “crafted with purpose and precision,” featuring a bold and commanding front grille, 18-inch alloy wheels and a robust exterior design aimed at combining luxury with off-road capability.
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“The Tank 500 offers automatic electric side steps for effortless entry and exit, while a panoramic design brings the outside in, turning every journey into a sensory experience,” GWM said.
The company added that the SUV is powered by a high-performance engine designed to deliver exceptional horsepower when required. It also comes equipped with a full-sized spare tyre mounted on the rear, enhancing both confidence and rugged styling.
Last year in September, Sazgar had announced plans to roll out its 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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