Crown Group invests Rs 2 billion in electric vehicles plant

The Crown Group recently organized a market testing and sales display of its exclusive range of CROWNE electric vehicles which included two-, three- and four-wheelers, which will enable users to drive a distance of a kilometre at only Rs 1.25.

These electric vehicles will be locally manufactured at the Group's newly-built, 26-acre facility at Port Qasim. Having an initial production capacity of 120,000 units per annum, the Group has already invested Rs 2 billion in the plant in the first phase.

Based on the yet-to-be announced EV policy which claims 1% customs duty on CKD parts and 5% sales tax, the company has set the display and testing price of the four-wheeler electric car at Rs 400,000 whereas the display and testing price of electric three-wheeler car and two-wheeler scooty at Rs 300,000 and Rs 55,000 respectively. Moreover, the three-wheeler rickshaw (two-in-one) comes in both electric and engine-equipped with manual switching options at a display price of Rs 300,000 and Rs 250,000 respectively.

The electric vehicles include a vast range of a four- and three-wheeler cars, two- and three-wheeler scootys, cargo loaders, three-wheeler two-in-one, three-wheeler nine-seater, garbage disposal trucks and ambulances. All the electric vehicles come with an option of getting a factory installed engine as well for those who wish to use the vehicle for longer routes.

The market testing sales and display ceremony of CROWNE vehicles took place at banquet with the presence of dignitaries from Crown Group including Chairman of Crown Group, M Farhan Hanif, Managing Director S M Kashif Qaseem, Business Development Director of Crown Group, Zohaib Farhan, and others.

The Chairman of Crown Group, M Farhan Hanif, said on the occasion, "It is an honour for us to unveil the exclusive range of CROWNE vehicles. The automobile and oil industry are currently facing numerous issues which are reflecting on the citizens of Pakistan. With this range of electronic vehicles, we plan to overcome those challenges and present the industry with a variety of innovative, convenient and affordable vehicles for their everyday use."

Crown is a leading brand in the two- and three-wheeler manufacturing industry of Pakistan and the only local consumer brand that exports to international markets while offering solutions for all segments of the industry within Pakistan. Crown Group has the largest network of spare parts and service dealers in Pakistan with 62,000 retailers, wholesalers and workshops.-PR

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