In a remarkable move, Regal Automobiles has decided to slash the price of its locally assembled Seres 3 Electric Vehicle (EV) in Pakistan, merely a month after its official launch. The company attributes this significant reduction to the strengthened position of the Pakistani rupee against the US dollar and adjustments in duty and levies for electric vehicles (EVs).
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This strategic price adjustment, amounting to a remarkable Rs. 809,000, aligns with Regal Automobiles’ dedication to fostering sustainable mobility and encouraging the widespread adoption of electric vehicles across the country. As a result, the ex-factory price for the Seres 3 EV has been substantially lowered to Rs. 8,390,000, down from its initial price of Rs. 9,199,000.
In addition to the substantial reduction in the vehicle’s price, the booking cost has also been revised, providing EV enthusiasts an opportunity to reserve the Seres 3 at a discounted rate of Rs. 250,000, down from Rs. 300,000. With delivery anticipated to commence by April 2024, this move is poised to make electric vehicles more accessible and appealing to a wider audience. Stay tuned for further updates on this exciting development in the electric vehicle market.
