GuGo Box EV Officially Launched – Price & Booking Details
Today is the day of price reveals, which started with the price announcement of Kia Sportage L, followed by the official price reveal of Kia EV9 by Lucky Motors. Now, it’s the turn of the GuGo Box EV. A few days ago, we told you about this new entrant and shared the detailed specs and features of the car with you. To recap, let us remind you that Box EV comes in three variants: E1, E2, and E3.
Today, GuGo Motors officially launched the car in Pakistan and announced its price, but there is a slight twist as the company shared three offers for the price: early bird, launch day, and regular price. We are breaking down and explaining it for you in this blog.
GuGo Box EV Price
First thing first, here is the launch day price offer for GuGo Box EV E1, E2, and E3:
Launch Day Offer
- The promotional launch day price of E1 is Rs. 6,000,000.
- Box EV E2 will be offered with a price tag of Rs. 6,500,000, while E2 Semi (430 kilometers range) will cost you Rs. 7,100,000.
- E3, the fully loaded variant, is being offered at Rs. 7,500,000.
Early Bird Price & Booking Offer
This offer is for the first 50 bookings of the car:
- The company is offering the E1 at Rs. 6,200,000 with a booking price of Rs. 1,250,000.
- E1 Plus, with some additional features, is offered at Rs. 6,600,000 with the same booking price.
- Then, the EV2 – Semi (430 kilometers range) is offered at Rs. 7,200,000 with a booking payment of Rs. 1,500,000.
- Last but not least, E3, fully loaded, has a price tag of Rs. 7,600,000 with a booking payment of Rs. 2,000,000.
Regular Price
Here is the regular ex-factory price of the newly launched electric vehicle:
- The E1-Basic has a price tag of Rs. 6,300,000 with a booking rate of Rs. 500,000.
- The price of E1-Plus is Rs. 6,700,000, and it is the same booking price as E1-Basic.
- Then, E2-Semi comes with a tag of Rs. 7,300,000, and you can book it at Rs. 1,000,000.
- The Box EV fully loaded is launched at Rs. 7,700,000 with a booking price of Rs. 1,500,000.
Booking Details
According to the company, the booking of the new Box EV will start on February 9, 2025 (Monday) from the website.
This thing sells for around 10,000 USD to 15,000 USD in china. (28 lacs PKR to 42 lacs PKR approx.)
It is “an effort” by this company, but the pricing leaves much room for improvement. Pakistan’s EV policy (if we can call it that) needs to cut rates further and monitor the local companies for obscene profit margins in order to make these EVs more affordable; That is, IF our dear leaders are serious about their “green initiative” being more than just optics and lip service to collect “chanda” in the name of their “fight against climate change” shtick.
The small EVs which are more appropriate for the market and MUST come here are:
1 Wuling Mini
2 Wuling Air a.k.a MG Comet
3 Wuling Bingo
4 BYD Seagull
5 Baojun Yep (for small EV SUV fun!)
These EVs are there mainly to perform one critical function; the daily city commute. Majority people do not travel long distances very often. These EVs are there to save on the daily commute fuel costs and (ICE) regular maintenance costs.
Get the prices right, provided some good, low EV financing options for the people and these, along with EV bikes, will sell very well. Other nations are doing all this. Why not here?
Very well said by Mr Ali Khan. Still this EV is filling the GAP related to size like Vitz and Swift, if one dont like the size of Alto, WagonR and Cultus. As in the market there are hybrids on the road like Aqua and Note. All of these cars market will be down if price of these kinds of EVs should become competitive.
@Kashif Ur Rehman
Totally agreed. 👍
@Ali Khan
“Other nations.”
Pakistan isn’t other nation. Aside from car market size, peoples’ literacy with cars, infrastructure for fueling, its costs, its availability, and most importantly peoples’ buying power matters.
Also, developing financing policies isn’t just a tall talk.
Careful consideration, especially regarding recoverability of the loan, is needed as well.
@Kashif Ur Rahman
Even globally EV prices haven’t left a significant impact on ICE car prices. So, your claim that cars like Aqua, a richer brand heritage, would lose it to a vehicle from an unknown brand. For your information, even the market for Toyota Corolla Xli and Cultus MKII is strong as compared to flashy box that is called Alsvin. So, your conjecture is baseless and shows lack of knowledge regarding car market.