MG HS ; Dedicated Discussion, Owner/ Fan Club Thread

[mirza.ghalib]

Apparently, if its not under-invoicing, its dumping since the same product is not available for US$11,000 in its home market, which could attract anti-dumping duties. Should be investiaged rather than balming it on you-know-who.

[mirza.ghalib]

Kudos to @fazalwahab11375 for his thorough research and painstaking efforts to get to the bottom of things. Should be appreciated by the wheelers community.

[usman19854]

They'll get away with it I'm sure.

I'm also sure that there's a lot of wrong going on here whether it's under invoicing by JW or dumping by SAIC.

[pwuser159259702854]

So it seems MG is here to stay

[fazalwahab11375]

Well.. they are here obviously.. I hope they start CKD...

BTW till last week, the vehicle booked in January first week had delivery in March/ April .. delivery is now shifted to July for some buyers.. not sure if its intentional to delay to settle some dust or some other reasons.. ??

[pwuser159259702854]

Have they done any work on plant yet or still planning

[irfananwar]

What did he say about under invoicing which is the actual issue here?

[hollywood]

Now mentioning it, I had one booked about more than 3 weeks ago before all this fiasco or atleast it being in my knowledge. I had booked a black with beige from MG Capital and tentative delivery is June i.e. I booked it in January.

[hollywood]

Plus not sure if I'd be handed CBU or CKD. Well the sales rep mentioned CBU.

[pwuser159259702854]

You will get cbu I’m sure Ckd production won’t start that early I think probably by end of 2021 it will start

[fazalwahab11375]

These were words.

" compare a TCL tv with Samsung. Both have same specifications, which one would be cheaper. TCL. China has a very low cost of production/ manufacturing and the price is an exact price and no under-invoicng ".

He did agree that black marker thing was not right. He also said, " you have done an amazing job by highlighting the issue with registration and GD. It helped us to know that people have issues with registration. So we looked into it and found that JW-SEZ is not enrolled with Excise and its done two days ago and now people will have no issues ".

I mean, people were calling and visiting so called dealers since late December and they could not register because of improper paperwork. I don't know how come JW-SEZ only came to know just now 72 hours ago..

FBR is preparing a memo and will declare everything neat and clean.

[pwuser159259702854]

They are solving problems one by one by listening to the public that is a good step but still there should be clarity regarding the under invoicing problem as that has created the most buzz they should just give some reasonable proof and prove their statement

[fazalwahab11375]

By the way Javaid Afridi has no portfolio/ position in JW-SEZ as per information..

[emzee92]

Heard they are converting an old Haier factory in Lahore to MG.

[hollywood]

Lol. To make it clear so called PM did not visit any inauguration at some place but instead the Inauguration or cermony was held within the Prime minister house, in the main porch/ driveway and Mr. Javed Afridi was the front/ main person in this, happened the very forst time that a car cermony is held wjthin the Prime minister house. No wonder Mr.Javed Afridi has no interest in Jw holdings.

[hollywood]

[hollywood]

Heard the same i.e. they're operation site is on raiwand road i.e. same where haier company site is.

[usman19854]

compare a TCL tv with Samsung. Both have same specifications, which one would be cheaper. TCL. China has a very low cost of production/ manufacturing and the price is an exact price and no under-invoicng ".

I call BS

[Falcon22]

This is a joke of highest order

[mirza.ghalib]

This appears to be correct as per info on SECP website, although we dont know shareholding pattern as this info is not available on the website but can be obtained by filing a request for official copy with SECP.