Prince Pearl Gets More Expensive
With coronavirus spreading like wildfire, a lot of businesses have resorted to increasing the price of their products. Regal automobiles have not held back. It was just announced that the price of 800cc Prince Pearl car has been increased from Rs. 1,049,000. To Rs. 1,149,000.
Circular Issued By Prince Pearl:
This was declared in a circular issued on June 24, 2020 by the General Manager Sales and Marketing. The revised prices will take affect from July 1, 2020. The devaluation of the local currency has been held responsible for this price hike.
“Our introductory price was based on costing US$ 155 which has now jumped to US$ 167”, the Regal Automobile said. It was stated, “the company has tried to sustain exchange pressure, but customers will agree that the current situation is beyond company’s control.” The company also notified that the price revision is vital to minimize the cost increase impact. “We are, therefore, notifying the revised provision prices.”
The new price is still competitive to the market rates. It is also competitive to its competitor, Suzuki Alto’s price. The latter’s latest variant is still around Rs. 1,600,000. The other rival, United Bravo, is still priced at Rs. 990,000.
Prince Pearl was launched on January 31, 2020 by Regal Automobiles Pakistan. The style, advanced features, and impressive design caught the attention of the consumers. This hatchback has a wooden look on dashboard, steering wheels, and doors. In the exterior, alloy rims and fog lights have been installed in the car by the manufacturer. The car comes with fashionable yet comfortable seats. It is specially a plus point for the person behind the wheel. The gearbox and lever are placed at very convenient spots for the driver.
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The bottom line is that Prince Pearl is definitely a good car. It provides great bang for your buck. However, the price increase is because of the current situation that has resulted in lower sales for majority of businesses.
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