MG Motor’s entry in Pakistani auto sector
MG Motor’s entry in Pakistan’s auto sector has been recently spotted.
MG Motor’s entry in Pakistan’s auto sector has been recently spotted while the former made test rounds that is owned by Javed Afridi. It is most intriguing that British car manufacturer is looking forward to launch locally manufactured electric vehicles in Pakistan.
Basically, Morris Garages (MG) Motor UK Limited is a British automotive company that is now specifically owned by Shanghai-based state- owned automotive SAIC Motor.
Foton JW Auto Park signed a Memorandum of Understanding, technically termed as (MoU), with the British carmakers to bring electric vehicles in Pakistan.
There has even been news that Xi Jinping, the President of China, will be inaugurating its manufacturing plant in Pakistan during his visit to the country later year.
Surprisingly these newly comers vehicles will be parallel competitors of KIA Sportage that has already captured the monopoly in local market in a very short time.
No doubt, these upcoming prospects from MG Motor will be an excellent option for the customers in the local market. The argument, however, of concern would be its price tag when the company introduces it in local markets
These vehicles will cost somewhere approximately 4.5 million to 5.5 million which surely is a highly competitive price considering the existing options in the local market.
The unsteady economic conditions in Pakistan might compel the automaker to reconsider the price tag for its vehicles. MG HS that is owned by Javed Afridi, is a compact crossover Sport Utility Vehicle (SUV) manufactured by the Chinese automaker under the MG brand.