Ever since the debut of the domestically manufactured HS Essence SUV by MG Pakistan, the corporation has remained committed to upholding steady pricing. Oscillations in the market subsequent to the financial crisis compelled indigenous automakers to increase their vehicle costs. Nevertheless, the recent decline in the rupee’s value and the remarkable surge in the dollar exchange rate have left the fresh participant with no alternative but to declare an impending price upswing.
In the wake of introducing the locally-assembled HS Essence SUV, the company has been unwaveringly diligent in its efforts to sustain consistent pricing despite the unpredictable shifts in the market that followed the economic downturn, which, in turn, forced the domestic car manufacturers to raise the prices of their vehicles; however, the convergence of recent factors such as the devaluation of the national currency and the soaring of the dollar exchange rate to unprecedented heights has now presented the newly established contender with no viable alternative except for the necessity to formally announce an imminent upward adjustment in their product’s price point.
Unexpected Raise in price of HS Essence
OLD PRICE |
8,699,000 |
NEW PRICE |
8,999,000 |
Further Updates:
Additionally, noteworthy updates include MG Pakistan’s forthcoming launch of two more electric vehicles, encompassing the latest iteration of the MG ZS EV and the MG HS HEV, both falling within the ambit of their ‘alternative energy vehicles’ initiative, with plans to introduce these EVs as Completely Built Unit (CBU) imports; furthermore, the company is also poised to unveil a premium electric vehicle in the near future, namely the MG 4 Mulan EV, a hot hatch model, with pricing ranging from Rs. 1,200,0000 for the base variant to Rs. 1,300,0000 for the fully loaded top variant, coupled with a robust power source of 51 kWh and an impressive single-charge range of 438 km, while finer details of the EV’s specifications and features remain pending for disclosure. Don’t forget to share your thoughts on the recent revelation regarding the potential price increase for the HS Essence in the comments section below.
