Regal Automobiles has announced a significant price drop for its locally assembled Seres 3 electric vehicle (EV), just a month after its official launch in Pakistan.
The company announced in a notification that the decision to lower the vehicle’s price was made in response to the strengthening of the Pakistani rupee against the US dollar. Moreover, the price reduction has also been attributed to the adjustment of duties and taxes for electric vehicles. The company also stated that the move is in line with its goal to support environmentally friendly transportation and the country’s transition to EVs.
There has been a notable reduction of Rs. 809,000 in the ex-factory price of the domestically assembled Seres 3 EV. The vehicle, which was previously priced at Rs. 9,199,000., will now be available for Rs. 8,390,000 after the price cut.
Related: Seres 3 Launched as Pakistan’s First Pure Electric Locally Assembled SUV
In addition, the booking amount has also been lowered by Rs. 50 000, which means the Seres 3 can now be reserved against Rs. 250,000 as opposed to Rs. 300,000. Deliveries are scheduled to begin in April 2024.
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