Regal Automobiles is the first to greet the year 2023 with a price revision. The company has increased the price of Glory 580 Pro and Prince Pearl while it has reduced the prices of the K01 minivan, effective from the 1st of January 2023.
According to the notification, the price of Prince Pearl has been increased by Rs 40,000 after which the hatchback is now available for Rs 15.39 lac. The price of Glory 580 Pro has witnessed an increase of Rs 100,000 after which the 7-seat crossover SUV is available for Rs 59.0 lac. Surprisingly, however, the price of the K01 minivan has been slashed by Rs 100,000 bringing its price down to Rs 19.70 lac.
Bookings of these vehicles are open on full payment, according to the company. Furthermore, any impact on the price due to forex fluctuations, government levies, tariff structure, fiscal policies & import policies, etc will have to be borne by the customers. The company further states that the above prices are provisional and subject to change without prior notice, while the price prevailing at the time of delivery will be applicable.
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It was already anticipated that auto assemblers will push the prices further up for the year 2023. While Regal has been the first to announce the price revisions, others are like to follow suit.
A 3d animation professional with over 20 years of industry experience having served in leading organizations & production facilities of Pakistan, an avid car enthusiast and petrolhead with an affection to deliver writings to help shape opinions. Formerly written for PakWheels as well as major publications including Dawn. Founder of CarSpiritPK.com