Price increases in the auto industry are a result of local currency instability and tax increases. The costs of their automobiles have recently increased by substantial margins at a number of major automakers, including Kia, Peugeot, Toyota, Haval, etc. More automakers will follow soon.
Despite the continuous economic unrest, there is one automaker that has chosen to swim against the tide. MG is the in question automaker.
A recent update indicates that MG has opted to hold off on raising the cost of HS Essence for the time being. This is fascinating, MG. HS is additionally impacted by the General Sales Tax hike of 7%. (GST).
– A Courageous Yet Clever Move
It is well known that Pakistan’s desire for SUVs has increased dramatically in recent years. Yet, the demand has been curtailed as a result of price and tax rate increases.
By delaying price increases on its flagship SUV for the time being, MG has pulled off a brilliant move that will no doubt draw a sizable number of customers. About Rs. 8.2 million is what the MG HS Essence is currently selling for. Following the GST increase, its rivals are more expensive in comparison.
Although MG did not specify when this stage would end, it is most likely by the end of the following month. In any case, it is a fantastic chance for MG fans to reserve the HS and an even greater chance for MG to increase its market share.