MG’s New EMI Plans: A Strategic Move Amidst Fierce Market Competition
Carr.pk
MG Pakistan has introduced new EMI plans for its HS PHEV model in collaboration with a private partner. Here are the details of the available plans:
| Plan | 18 Months (Rs. ) | 24 Months (Rs. ) |
| Vehicle Price | 9,899,000 | 9,899,000 |
| Down Payment | 4,898,960 | 4,898,960 |
| Financed Amount | 5,000,040 | 5,000,040 |
| Monthly EMI | 277,780 | 208,335 |
| Insurance (Year 1) | 148,485 | 148,485 |
| Insurance (Year 2) | 133,637 | 133,637 |
| Upfront Total Payable | 5,689,423 (approx.) | 5,791,425 (approx.) |
This offer comes at a time when nearly every manufacturer is fighting to stay as competitive as possible. Some are introducing new, highly competitive cars, while others are reducing their prices. Even Toyota has decided to lower its prices this time. For those not lowering prices, many are offering installment plans, like MG is, to maintain competitiveness in the market.
