Following the trend, MG also increases price of MG HS Exclusive by a huge margin. It seems like the price hike domino effect isn’t going to stop anytime soon. Morris Garages (MG) Pakistan is the latest to follow the trend of price surge.
MG HS is one of the most sought after Crossover SUVs in the country. The company enjoys a huge influx of bookings for the vehicle. In recent turn of events, the company increases the price by Rs. 850,000. However, the latest price increase will apply in stages.
The three part price hike by MG will be applicable as following:
- Those who paid in full for deliveries in November and December 2021 will be required to pay an extra Rs. 200,000.
- Those who made partial payments for delivery over the same time period will be required to pay an additional Rs. 500,000.
- Those who paid in part for deliveries in January 2022 or who placed new orders will be charged an additional Rs. 850,000.
For better understanding, here is the complete chart of MG HS Price after increase in Pakistan.
|Amount||Full Payment for Nov-Dec 2021 Deliveries (PKR)||Partial Payment for Nov-Dec 2021 Deliveries (PKR)||Partial Payment for January 2022 Deliveries or New Orders (PKR)|
|Revised Ex-Factory Price||5,949,000||6,249,000||6,599,000|
The company is expected to announce price increase for their other vehicles as well, including MG ZS. Moreover, other auto manufacturers already increased the prices of their vehicles, including KIA, Toyota, Honda, Changan, DFSK, and Proton.