Regal Automobiles has increased the prices of DFSK Glory 580 Pro and Prince Pearl in line with the industry trend. The company’s cheapest vehicle is now priced at over Rs. 1.7 million, after a price hike of up to Rs. 300,000
Prince-DFSK increases the prices of its best-selling cars.
With immediate effect, the new prices are as follows:
|Models||Old Prices (Rs.)||New Prices (Rs.)||Increase (Rs.)|
|DFSK Glory 580 Pro||5,900,000||6,200,000||300,000|
Price hikes for Regal automobiles are unique in that the margin of increase is quite low compared to rival automakers. Moreover, the company has only increased the prices of two of its cars, which are also its best sellers.
Other vehicles such as the DFSK Glory 580 1.5T CVT, 1.8 CVT, C37 van, Humsafar van, and K01 pickup are reportedly still priced the same.
Due to the sharp devaluation of the local currency, the prices of cars have increased drastically. Automakers blame the government for the work stoppage due to non-approval of letter of credit for import of vehicles and parts.
Analysts expect a rough year for the auto industry, given the continued depreciation of the local currency and lack of demand.
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