[vc_row][vc_column][vc_column_text dp_text_size=”size-4″]MG Pakistan has maintained stable prices for the locally-assembled HS Essence SUV since its launch. However, with the recent surge in the dollar rate, the company is preparing for a price increase.
A reliable source has reported that MG has made the decision to raise the prices of the HS Essence by Rs. 300,000.
Also Read: Honda Atlas reports a profit gain of 82%.
Effective from September 1, 2023, the revised price for the HS Essence will be as follows:
| Model | Old Price (Rs.) | New Price (Rs.) | Increase (Rs.) |
| MG HS Essence | 8,699,000 | 8,999,000 | 300,000 |
MG Pakistan has also revealed its plans to introduce two new variants of the HS SUV: Excite and 2.0 AWD. This move aims to bolster its competitive stance in the market compared to rival models.
During a recent press tour, MG shared this information. Additionally, as part of its expansion strategy, MG is targeting the sedan segment, which holds a significant 45% market share.
Asif Ahmed, General Manager of the Marketing Division, expressed optimism about the sedan market’s potential. He disclosed that the MG GT might be their first offering in the sedan segment.
While details about the new variants, their features, and prices remain undisclosed, the introduction of these variants is expected to enhance the HS model’s competitiveness in the compact crossover SUV market.[/vc_column_text][/vc_column][/vc_row]
