MG HS Price Increased by Rs. 23 Lacs!? 😵😵

• Sulman Ali


• 21 Feb 2022

In a rather astonishing development, MG HS Exclusive price has been increased by Rs. 23 lacs, which is undoubtedly HUGE. According to our sources, the notification circulating on social media is authentic.

New Price of MG HS Exclusive

As per a notification, the company said that due to the increase in duties and taxes in Federal Budget 2022, MG HS Exclusive Trophy Grade prices are expected to be approximately Rs. 8.9 million (89 Lacs) excluding freight. “We are seeking your consent for procession your order at the new expected price,” the company said. It further added that the company would confirm the delivery of the CBU unit after the submission of full payment.

Alternate Offers

In an alternate offer, MG Pakistan said it is happy to convert customers’ booking to MG ZS  at Rs. 4,448,000. “We will deliver ZS within a week after payment of the difference amount,” the notification read.

Furthermore, the company requested the buyers to contact its office to get the refund if they don’t want to continue with the order.

“We do apologize for the inconvenience caused to increase in price after the mini-budget,” it asserted.

MG HS Essence (Locally Assembled)

At the end of the notification, MG Pakistan told its customers that they would get priority once MG HS Essence‘s bookings are open. It is pertinent to mention that Essence is the name of locally assembled MG HS. As per MG Pakistan, there is no difference between CBU and locally assembled units of the car. 

MG Pakistan Stance

Talking to PakWheels.com, MG Pakistan has presented its stance in detail. As per the company, it has to increase the officials as Regulatory Duty (RD), and Federal Excise Duty (FED) has been increased on CBU units.

Furthermore, the officials said that we have offered multiple options to our buyers of MG HS, which are:

• Taking consent from the consumers whether they want to buy it or not, and after their consent, MG will import the vehicle. 
• If buyers don’t want to buy HS now, they can go for MG ZS and buy it after paying the differential. “We don’t want to strip the consumers from MG experience,” the officials said. 
• The consumers can opt for refund and get their payment back under terms and conditions of the Provisional Booking Order (PBO) form. 
• And the final one is to wait for the locally assembled unit of MG HS. “We will give priority to these customers,” the officials said. 
• We admit that deliver the cars late, but every car company in Pakistan and abroad faced this supply chain crisis. 

Plant is Almost Ready

The biggest information MG officials gave us is that the plant of MG Pakistan is almost ready. “We are on the verge of starting the plant,” the official said, adding that MG’s plant will be best in some aspects of car assembly in Pakistan. 

What do you think about this price hike? Do you think it is justified? Share your thoughts in the comments section.