MG HS Gets Massive Price Hike of Rs. 2.3 Million

In a shocking revelation, MG HS Exclusive Price in Pakistan has been increased by a massive Rs. 2.3 million, which is the second price hike in a period of two months. The notification regarding the massive price hike of MG HS Exclusive in Pakistan, which is also known as MG HS Exclusive Trophy Grade, started circulating on social media and many people thought it was fake because of the ridiculous increase, however, the notification is real and the price of the vehicle has actually been increased by Rs. 2.8 million.

MG HS Price in Pakistan

The new price of MG HS Exclusive in Pakistan is Rs. 8.9 million after a ridiculous increase of Rs. 2.3 million from the old price of Rs. 6.6 million. It bears mentioning that it is the second time that the company has increased the price of MG HS in a period of two months.

The company has stated that it is taking this decision because of the increase in the regulatory duties (RD) and Federal Excise Duty (FED) by the federal government on Completely Built Units (CBUs). However, the company has come up with a few options for consumers who have already booked MG HS Exclusive and waiting for the delivery.

Options for Customers

The automotive manufacturer has provided a bunch of options for the customers because of the massive increase in the price of MG HS Exclusive (Trophy Grade) in Pakistan. According to the company, customers who have booked the MG HS can now get a refund under the terms and conditions of the Provisional Booking Order (PBO) form if they no longer want to continue with the purchase of the vehicle.

Furthermore, the company has also provided an option to customers to switch to the MG ZS for an additional amount of Rs. 4,448,000 and promised that the vehicle will be delivered to the consumers within a week after payment of the difference in amount.

The last option provided by the company to customers is to wait for the local manufacturing of the vehicle and get the MG HS Exclusive (Essence) delivered to them. The company added that these customers will get priority once the booking of MG HS Essence are open.

Difference in MG HS Trophy Grade and Essence

MG HS Trophy Grade is the name given to the Completely Built Unit (CBU) of the vehicle being imported into Pakistan, while the MG HS Essence is simply name given to the locally assembled Completely Knocked Down (CKD) variant of the vehicle. There are no other changes in the vehicle.

Moreover, the company is expected to start local production soon as their plant is almost ready. What do you think of the massive increase in the MG HS Exclusive Price in Pakistan? Let us know in the comments section below.

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