Since the introduction of the domestically built HS Essence SUV, MG Pakistan has been quite consistent in keeping costs the same. However, the business is preparing for a price increase now that the dollar exchange rate has reached a new high.
A new report from a trustworthy source suggests MG has chosen to increase the cost of the HS Essence by Rs. 300,000.
Recently, MG Pakistan announced its intentions to release two new HS SUV models. Excite and 2.0 AWD are the versions that will be added in an effort to better compete on the market.
MG revealed this information last month when hosting a press tour. Additionally, MG has its sights set on the sedan market, which commands a 45% market share, as part of its expansion strategy.
Asif Ahmed, the general manager of the marketing division, expressed excitement about the sedan market’s potential and said that their first sedan product might be the MG GT.
The specifics, including the features and costs, of the introduction of new variations are not yet known. But after they arrive, HS will probably start to pose an even bigger threat to other compact crossover SUVs.