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MG Pakistan Prepares to Increase HS Essence Price Soon

19 Aug 2023   260   MG   HS
MG Pakistan Prepares to Increase HS Essence Price Soon

MG Pakistan Prepares to Increase HS Essence Price Soon

MG Pakistan has maintained steady prices for its locally-assembled HS Essence SUV since its introduction. Economic fluctuations led other local car manufacturers to raise their Cars prices, but the recent rupee devaluation and soaring dollar rate have compelled MG Pakistan to implement a price hike for the HS Essence.

Price Hike Details

Known for transparent communication, MG Pakistan confirms a price increase for its flagship SUV, HS Essence. Reliable sources indicate that MG Pakistan has decided to raise the price of the MG HS Essence by Rs. 300,000, bringing the new price to Rs. 8,999,000 from the previous Rs. 8,699,000.

Upcoming Plans for EVs

MG Pakistan's plans extend beyond the price hike. The company intends to introduce two new electric vehicles (EVs) alongside two variants of the HS SUV: Excite and 2.0 AWD. MG Pakistan is set to launch two EVs, the latest MG ZS EV and MG HS HEV, as part of its 'alternative energy vehicles' strategy. These EVs will be brought to the market as completely built-up (CBU) units.

Upcoming Premium EV: MG 4 Mulan EV

In addition to the HS Essence, MG Pakistan has plans to launch another premium electric vehicle. The MG 4 Mulan EV, a hot hatch, is slated for release in the country. Prices for this EV will start at Rs. 1,200,000 for the base variant and Rs. 1,300,000 for the fully loaded top variant. The upcoming EV is expected to feature a 51 kWh battery, providing a range of 438 km on a single charge. Specific details and features of the EV are yet to be disclosed.

Share your thoughts on the recent update about the HS Essence price hike in the comments section below.
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