MG Motors Pakistan has reopened bookings for its HS variant, but with a hike of Rs300,000, taking the final price tag to Rs5,749,000.
The price-hike in Completely Built Units (CBUs) comes hand-in-hand with the Federal Board of Revenue’s (FBR) move to look deeper into the reported under-invoicing controversy that enveloped MG Motors earlier this month.
MG Motors had suspended the booking process before the under-invoicing issue came to the fore. With the FBR now having completed its due diligence, MG Motors has not only resumed the booking process, but increased prices by 5.5%.
The increase also comes at a time when MG Motors Pakistan rolled out its first locally-assembled unit of the car. The company is yet to issue a clarification on whether the revised prices will also apply on Completely Knocked Down (CKD) units.