MG Car Price Increase April 2023
19 Apr 2023 
443 
MG Car Price Increase April 2023
MG, a popular automaker, recently announced a price lock offer on its MG HS Essence model just before the start of Ramadan, promising that the price would remain unchanged until Eid. This offer was well-received by potential buyers, providing them with an attractive deal amidst uncertainties in the automotive market.
MG Keeps its Promise
True to its word, MG maintained the locked price of PKR 8,199,000 for the MG HS Essence throughout the Ramadan period, honoring its promise to customers. However, with the expiration of the Ramadan offer, MG has now revised the price of MG HS Essence to PKR 8,699,000, citing various factors such as import restrictions and currency devaluation that have impacted the automotive market in recent days.
MG CAR PRICE INCREASED APRIL 2023 | ||||
MODEL | OLD PRICE PKR | NEW PRICE PKR | INCREASE PKR | PERCENTAGE |
MG HS Essence | 8,199,000 | 8,699,000 | +500,000 | 6.10% |
Import Restrictions and Currency Devaluation
Import restrictions and currency devaluation have been significant challenges for the automotive industry, leading to increased costs for automakers. These factors have contributed to MG's decision to revise the price of MG HS Essence after the expiration of the Ramadan offer, reflecting the need for automakers to adapt to market conditions.
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