Regal Automobile Industries Limited, Pakistan’s third largest bike assembling company, launched a plant where light commercial vehicles and vans will be made. This plant in Lahore at an investment of Rs10 billion started production in June 2018. Regal Automobile Industries Chairman Sohail Usman and DFSK Group of China entered into a technical agreement for assembling vehicles. This agreement is already operational under the name “Prince”. An 11-seater multipurpose vehicle named Prince C37, a pick-up named K01 equipped with modern technology and a six-seater luxury van K07 will be available in the market. All these vehicles are available with Euro grade engine equipped with European technology. The company is also providing after sales service facility. In the future, the company plans to manufacture SUVs.Published in The Express Tribune, July 1, 2018.Like Business on Facebook , follow @TribuneBiz on Twitter to stay informed and join in the conversation.