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MG Announces Second Price Hike for HS Within Five Months

10 May 2023   493   MG   HS
MG Announces Second Price Hike for HS Within Five Months

MG Announces Second Price Hike for HS Within Five Months

MG Pakistan has recently implemented another substantial price hike of Rs. 600,000 for the HS Essence model, marking the second increase within a five-month period. As a result, the new price for the MG HS Essence will be Rs. 8.8 million. It is important to note that MG Pakistan has yet to make an official announcement regarding this price adjustment. We will keep you updated as soon as an official notification is released. Previously, in February, the company had refrained from increasing the price in light of multiple price hikes by other car manufacturers, following a 7% rise in General Sales Tax (GST) on luxury vehicles. Initially launched in December 2022 at a price of Rs. 7 million for the locally assembled variant, the HS Essence has since experienced two price increases. Despite this, HS Essence maintains an advantage over its competitors in the C-Segment SUV category, as other vehicles either come with a higher price tag or offer fewer features compared to the HS Essence, positioning it favorably in the local automotive market.
MG MG Pakistan MG Price Hike MG HS MG HS Essence MG HS Essence Price MG HS Essence Price In Pakistan
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