KARACHi: The Engineering Development Board (EDB) has granted Regal Automobiles a licence to assemble the country’s first electric SUV at its Lahore plant.

The locally assembled electric SUV, the Seres 3, would be available in two variants: the Seres 3 (3.5), equipped with a 49kWh battery and a 5-seater capacity, and the Seres 3 (4.0), featuring a 54kWh battery with the same five-seater capacity. The Seres 3 would be priced at Rs 8,390,000.

The production is set to begin soon at Regal’s state-of-the-art facility in Manga Mandi, and a formal production launch ceremony is expected by the end of this month.

Muhammad Adeel Usman, the managing director of Seres Pakistan, said that in times of rising fuel costs, electric vehicles would address the rising demand for sustainable and affordable transport solutions for the people. At the same time, the local assembly would also boost employment.

Published in Dawn, October 8th, 2024

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Closed doors
Updated 08 Jan, 2025

Closed doors

The nation’s fate has been decided through secret deals for too long, with the result that the citizenry has become increasingly alienated from the state.
Debt burden
08 Jan, 2025

Debt burden

THE federal government’s total debt stock soared by above 11pc year-over-year to Rs70.4tr at the end of November,...
GB power crisis
08 Jan, 2025

GB power crisis

MASS protests are not a novelty in Pakistan, and when the state refuses to listen through the available channels —...
Fragile peace
Updated 07 Jan, 2025

Fragile peace

Those who have lost loved ones, as well as those whose property has been destroyed in the clashes, must get justice.
Captive power cut
07 Jan, 2025

Captive power cut

THE IMF’s refusal to relax its demand for discontinuation of massively subsidised gas supplies to mostly...
National embarrassment
Updated 07 Jan, 2025

National embarrassment

The global eradication of polio is within reach and Pakistan has no excuse to remain an outlier.