Recently, MG Pakistan introduced a Ramadan deal for its crossover SUV, the MG HS Essence. In a post on social media, the business advised customers to “get ready for Eid festivities by taking advantage of the Ramadan offer to book MG HS Essence at a fantastic price of PKR 8,199,000* (ex-factory price)”.
The offer is subject to terms and conditions and is only valid for a short period of time.
In an interview with PakWheels.com, a representative of MG claimed that the company had bravely chosen to assist the populace in advance of the fasting month of Ramadan.
ALSO READ:
KIA’S FIRST SPORTS SEDAN IN PAKISTAN – PRICE, SPECS & FEATURES
He continued, “The price of HS has not increased in honor of Ramadan despite the increases.” It is important to note that most of Pakistan’s major automakers raised their prices after introducing a 25% GST on luxury items starting on March 8, 2023.
In his speech on the Finance (Supplementary) Act 2023, Federal Finance Minister Ishaq Dar declared that the government will charge a 25% General Sales Tax (GST) on luxuries. The Federal Board of Revenue (FBR) published the list of luxury items on March 8. Surprisingly, all cars with a displacement of 1400cc or more, SUVs, CUVs, and 44 cabin vehicles were considered luxury goods.
One can understand how SUVs and 4x4s could be considered luxuries, but 1400 cc and higher cars were shocking because they are primarily regarded as middle-class vehicles.
The companies have been raising their prices since the announcement. Notably, these are their third or fourth price increases for some companies, underscoring the industry’s predicament.
ALSO READ:
KIA LAUNCHES “IMMEDIATE DELIVERY WITH PRICE LOCK” OFFER
MG Pakistan has chosen to postpone the price increase until after Ramadan, offering MG HS Essence at the current ex-factory price. So now is your chance to purchase locally assembled HS at the current price.
What opinion do you have of MG Pakistan’s choice? Write your thoughts in the comment section.
