MG Car Price Increase April 2023

19 Apr 2023

526 MG HS

MG Car Price Increase April 2023

MG, a popular automaker, recently announced a price lock offer on its MG HS Essence model just before the start of Ramadan, promising that the price would remain unchanged until Eid. This offer was well-received by potential buyers, providing them with an attractive deal amidst uncertainties in the automotive market.

MG Keeps its Promise

True to its word, MG maintained the locked price of PKR 8,199,000 for the MG HS Essence throughout the Ramadan period, honoring its promise to customers. However, with the expiration of the Ramadan offer, MG has now revised the price of MG HS Essence to PKR 8,699,000, citing various factors such as import restrictions and currency devaluation that have impacted the automotive market in recent days.

MG CAR PRICE INCREASED APRIL 2023
MODEL
OLD PRICE PKR
NEW PRICE PKR
INCREASE PKR
PERCENTAGE
MG HS Essence
8,199,000
8,699,000
+500,000
6.10%

Import Restrictions and Currency Devaluation

Import restrictions and currency devaluation have been significant challenges for the automotive industry, leading to increased costs for automakers. These factors have contributed to MG's decision to revise the price of MG HS Essence after the expiration of the Ramadan offer, reflecting the need for automakers to adapt to market conditions.

MG CAR PRICE INCREASED APRIL 2023
MODEL	OLD PRICE PKR	NEW PRICE PKR	INCREASE PKR	PERCENTAGE
MG HS Essence	8,199,000	8,699,000	+500,000	6.10%

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MG Car Price Increase April 2023

MG Keeps its Promise

MG CAR PRICE INCREASED APRIL 2023MODELOLD PRICE PKRNEW PRICE PKRINCREASE PKRPERCENTAGEMG HS Essence8,199,0008,699,000+500,0006.10%

Import Restrictions and Currency Devaluation

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MG CAR PRICE INCREASED APRIL 2023
MODEL
OLD PRICE PKR
NEW PRICE PKR
INCREASE PKR
PERCENTAGE
MG HS Essence
8,199,000
8,699,000
+500,000
6.10%