MG Launches Interest-Free 12-Month EMI Plan for EV Models

Wajahat

22 Feb 2025

202

MG Launches Interest-Free 12-Month EMI Plan for EV Models

MG Pakistan has introduced an innovative zero-interest EMI plan to make electric vehicle (EV) ownership more feasible for a broader audience. This initiative offers customers the flexibility of choosing between a 12-month or 18-month installment option, eliminating financial barriers to EV adoption.

As fuel prices continue to climb and environmental concerns intensify, the shift towards electric mobility in Pakistan is gaining traction. The newly launched plan requires a minimum down payment of 50%, with the remaining cost spread over convenient monthly payments. However, for Blue Chip Corporate Clients, the down payment requirement is reduced to 30%, facilitating businesses in their transition to sustainable transportation.

MG Pakistan EV Models & Payment Plans

Model	Price (PKR)	Monthly Installment (18 Months)
MG4 (51KW)	9,799,000	279,139
MG4 (64KW)	10,990,000	312,222
MGZS SR	10,990,000	312,222

An additional PKR 250,000 applies to all variants except for those opting for the 12-month plan.
Monthly installments increase for customers selecting the shorter payment duration.

Despite the affordability boost provided by this scheme, challenges such as limited EV charging infrastructure and the high initial cost of electric vehicles remain hurdles in mass adoption. The effectiveness of this initiative hinges on consumer response, government incentives, and Pakistan’s evolving EV landscape.

If successful, MG Pakistan’s zero-interest EMI plan could serve as a benchmark for other automobile manufacturers, encouraging similar offers that drive widespread electric car adoption in Pakistan and beyond.

MG Pakistan InterestFree EMI 12Month EMI Plan Electric Vehicles EV Financing MG EV Models Car Loan Pakistan ZeroInterest Installments EV Ownership Sustainable Transportation

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