Massive Hike in MG HS Exclusive Price in Pakistan [December 2021]

MG Pakistan has notified of a massive increase in the MG HS Exclusive Price in Pakistan. In a notification issued by the company, the price of the MG HS Exclusive has been increased by Rs. 850,000. However, the price hike will take place in a staged manner and those people who have already booked and made full or partial payment for the vehicle will not be affected by the full increase in the price.

According to the notification, the price of the MG HS Exclusive in Pakistan has been increased by Rs. 200,000 for customers who have made full payment for the vehicle with delivery time of November to December 2021. This will bring the cost of the vehicle to Rs. 5,949,000 from previous rate of Rs. 5,749,000.

Those customers who have only made partial payment with delivery time of November to December 2021 will have to pay an extra Rs. 500,000 bringing the price of the MG HS Exclusive to Rs. 6,249,000. Meanwhile, the price of the MG HS Exclusive has been increased by Rs. 850,000 for customers with delivery date of January 2022 or new orders. This brings the new price of the SUV to Rs. 6,599,000.

The increase in price of the MG HS Exclusive in Pakistan has gone into effect from 6 December 2021.

MG HS Exclusive Price in Pakistan

The company has stated that the reason behind the increase in the MG HS Exclusive Price in Pakistan is:

1. PKR depreciation against US dollar
2. Sea freight increase due to post pandemic congestion
3. Local freight increase due to fuel price increase
4. Chip price increase due to global shortage

What do you think about the massive hike in the price of MG HS Exclusive? Let us know in the comments below.

It is pertinent to mention that all automotive manufacturers have increased their prices in the last few weeks, including Toyota Indus, Kia Lucky Motors, Honda Atlas, Pak Suzuki, United Motors, Hyundai Nishat, Changan Master Motors, Proton Pakistan and Prince Regal.

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