06 New EVs Launched by Capital Smart Motors in Pakistan – Full Price & Installment Plan
06 New EVs Launched by Capital Smart Motors in Pakistan is accelerating in Pakistan, Capital Smart Motors (CSM) has unveiled a lineup of six new electric vehicles (EVs). These models span from luxury MPVs to compact sedans, SUVs, and pickup trucks — catering to diverse segments of Pakistani customers. The launch comes amid rising interest in sustainable mobility, and CSM aims to capture both early adopters and mainstream buyers.
This article will walk you through each of the six EVs: their names, full prices, rumored or likely installment plans, features and specifications, and what prospective buyers should know. We also include an FAQ section to clarify common questions surrounding the launch.
The Six EVs by Capital Smart Motors & Their Prices
According to media reports, here are the six models and their announced or expected prices:
| Model | Variants / Trim | Price (PKR) |
|---|---|---|
| Zeekr 009 | Luxury (7-seater) | 45,999,000 |
| Ultra-Luxury (6-seater) | 48,999,000 | |
| Zeekr X | Premium | 17,990,000 |
| Flagship AWD | 18,990,000 | |
| Zeekr 7X | Long Range | 24,990,000 |
| Performance | 26,990,000 | |
| Forthing Friday | Luxury | 8,999,000 |
| Exclusive | 10,499,000 | |
| REEV | 10,999,000 | |
| JMEV Elight | Comfort | 8,499,000 |
| Premium | 9,999,000 | |
| Riddara RD6 | Econ (4WD) | 13,299,000 |
| Air (2WD) | 14,699,000 | |
| Pro (4WD) | 16,999,000 |
Installment Plans & Financing Options (Expected / Assumptions)
At the time of writing, CSM has not officially disclosed detailed installment/financing schemes for these models. However, based on typical auto financing practices in Pakistan and expectations from such launches, here are plausible structures:
- Down Payment (Downpayment): ~20% to 30% of the vehicle’s on-road price
- Tenure: 3 to 5 years (36 to 60 monthly installments)
- Interest Rate: Depending on the bank and scheme, could range from 6% to 12% per annum
- Balloon Payment / Final Lump Sum: In some schemes, a final “balloon” payment may remain at the end
- Bank Partners / Leasing Companies: Likely tie-ups with local banks / auto financing firms
For example, for a vehicle priced at PKR 10,000,000:
- 25% down payment = PKR 2,500,000
- Loan principal = PKR 7,500,000
- If financed over 60 months (5 years) at, say, 8% interest, approximate EMI (equal monthly installments) might be in the range of PKR ~160,000 to PKR ~170,000 (this is illustrative, not official).
Once CSM or their finance partners release the actual plans, they will likely publish them on their website / showroom brochures.
Read Also: PAVE Scheme 2025 Documents Required
Key Features & Specifications (What You Should Expect)
While full official specifications for all six models aren’t yet widely published, based on media previews and industry expectations, here are the likely highlights and design goals for these models:
Zeekr 009
- Category: Premium MPV / luxury people carrier
- Seating: 6 or 7 seats
- Target: Long-distance comfort, high-tier segment
- Features likely: Advanced driver-assist systems, premium interior, high-end infotainment
Zeekr X
- Category: Compact / subcompact SUV
- Variants: AWD option in Flagship trim
- Goal: Urban-friendly EV with good range and all-wheel option
Zeekr 7X
- Category: Mid-size SUV
- Variants: Long-range version and Performance version
- Expect: Dual-motor setup (for performance variant), good battery and towing capacity
Forthing Friday
- Category: Crossover / mid-range electric
- Variants: Luxury, Exclusive, and REEV (Range Extended Electric Vehicle)
- REEV variant suggests it may include auxiliary petrol generator or hybrid support
JMEV Elight
- Category: Electric sedan
- Variants: Comfort and Premium
- Positioning: More affordable EV entry-point in the lineup
Riddara RD6
- Category: Electric pickup / utility vehicle
- Variants: 2WD / 4WD options
- Use case: Cargo / work vehicle market
What Buyers Should Know & Eligibility:
Booking Process
- Pay a small booking fee (exact amount to be determined by CSM)
- Decide on variant, color, optional add-ons
- Submit national identity proof (CNIC), income proof, and financing documents if using bank loan
- Decide whether to pick from showroom or home delivery (if offered)
Charging Infrastructure & Support
- Local network of charging stations is still developing
- Likely home / office charger installations will be offered by CSM or third-party vendors
- Warranty on batteries, electrical components, and general vehicle
After-Sales Service & Spare Parts
- CSM will need to establish service centers across major cities
- Spare part availability for costly EV components (battery modules, motors) is critical
- Service plans / maintenance contracts may be optionally sold
Eligibility & Limits
- Some financing schemes may require minimum income thresholds
- Import taxes, customs duty, and regulatory policies may affect final cost
- Government EV incentives (if any) may reduce effective price
Read More: PAVE Subsidy Payment Process 2025
Pros & Cons (Opportunities & Risks):
| Pros | Risks / Challenges |
|---|---|
| Wide variety of EV models for different customer segments | High initial prices — may be out of reach for many buyers |
| Introducing EVs beyond just city cars (e.g. pickup, MPV) | Underdeveloped EV charging infrastructure |
| Potential for future scale and price reductions | High maintenance & battery replacement costs in future |
| Innovation drive, image, and green branding | Government policy & taxation risks |
| Gives competition to ICE vehicles and stimulates EV ecosystem | Resale value uncertainty, consumer trust |
SEO-Focused Subheadings (for improved discoverability):
- Why Capital Smart Motors’ EV launch is a game-changer
- Price breakdown and variant comparison of six EVs
- How much will monthly installments cost?
- Specs & highlights: Battery, Range, Motor, Charging
- Booking, financing, and eligibility: What you must know
- EV pros & cons in Pakistan’s context
- FAQs about CSM’s new EV lineup
FAQs 06 New EVs Launched by Capital Smart Motors in Pakistan:
1. What are the six EV models launched by Capital Smart Motors?
They are: Zeekr 009, Zeekr X, Zeekr 7X, Forthing Friday, JMEV Elight, and Riddara RD6.
2. How much do these EVs cost?
The prices vary by model and variant — for example, Zeekr X begins at PKR 17,990,000, JMEV Elight starts at PKR 8,499,000, and Zeekr 009 goes up to ~PKR 48,999,000 for top trims.
3. Will these EVs be available on installments?
While official installment plans haven’t been published yet, it’s expected CSM will provide financing options via banks or leasing companies with down payments and multi-year tenures.
4. What is the difference between the variants?
Variants differ in drivetrain (2WD vs 4WD), performance tuning (e.g. long range vs performance), features (interior, infotainment), and battery size.
5. Are these vehicles fully electric or hybrid / range-extended types?
Most are fully electric. The Forthing “REEV” variant suggests a “Range-Extended Electric Vehicle” version, possibly combining EV battery with a small internal combustion generator for extended range.
6. How realistic is owning an EV in Pakistan now?
Challenges remain: limited charging infrastructure, high electricity costs, regulatory and taxation clarity, battery maintenance, and resale value risk.
7. Will CSM provide home chargers or charging station support?
Likely yes; to make EV ownership feasible, CSM or its partners will probably enable home / office charger installations and possibly set up public charging infrastructure.
8. What warranty and after-sales support will be available?
CSM is expected to offer warranties on battery systems, electrical components, and general vehicle components. They must also build service centers in major cities to support owners.
9. How do these EVs compare with ICE (internal combustion engine) vehicles on cost?
Electric vehicles generally have lower running (fuel) costs, fewer moving parts (less maintenance), and cleaner operation. However, upfront cost and battery replacement cost may offset advantages depending on usage and support.
10. When will deliveries begin?
CSM has not publicly stated delivery timelines yet. Prospective buyers should check with official dealerships for launch schedules, pre-orders, and expected delivery windows.
Conclusion:
The unveiling of six new EV models by Capital Smart Motors marks a bold step in Pakistan’s journey toward electric mobility. From wallet-friendly sedans like the JMEV Elight to premium offerings such as Zeekr 009 and utility trucks like Riddara RD6, CSM is casting a wide net — aiming to make EVs accessible across multiple consumer segments.
While the announced prices are steep, the availability of financing, supportive policies, and expanding infrastructure will determine the success of this launch. For buyers, the key is to:
- Match the right EV model to your real driving needs (city, highway, load)
- Understand financing and installment burdens
- Ensure charging and service support in your area
