MG Pakistan has been pretty stable in terms of price maintenance since the launch of the locally produced HS Essence SUV.
However, now that the dollar has achieved a new high, the corporation is preparing to raise its prices.
According to a recent update from a trustworthy source, MG has decided to raise the HS Essence price by Rs. 300,000.
The new price of HS Essence will be as follows as of September 1, 2023:
|Model||Old Price (Rs.)||New Price (Rs.)||Increase (Rs.)|
|MG HS Essence||8,699,000||8,999,000||300,000|
MG Pakistan Announcement on Launching Two New SUV Models
MG Pakistan recently announced intentions to launch two new HS SUV models. The models will be Excite and 2.0 AWD, in an effort to increase its market presence against competitors.
MG revealed this information at a press tour last month. In addition, as part of its expansion strategy, MG is eyeing the sedan sector, which presently accounts for 45% of the market.
Asif Ahmed, General Manager Marketing Division, expressed excitement about the sedan market’s potential and indicated that their initial sedan product might be the MG GT.
For the time being, no information about the launch of new variants, their features, or costs is available. However, with their introduction, HS will almost certainly pose an even larger threat to existing compact crossover SUVs.
To read our blog on “MG Pakistan Unveils Bold Plans of 2023: Sets new variants,” click here.