MG Pakistan has announced a new instalment plan for its MG HS PHEV, offering customers the option to purchase the plug-in hybrid SUV with monthly payments starting from Rs 136,500.
The financing facility has been introduced in partnership with Bank Alfalah Islamic Auto Finance, according to details shared by the company.
Under the newly announced plan, buyers can avail Islamic financing with a 0% profit rate for the first two years, which MG Pakistan described as an industry-first offer in the local hybrid SUV segment.
The instalment plan is aimed at providing flexible payment options for customers interested in hybrid electric vehicles.
MG Pakistan also stated that the financing package includes several cost-related benefits.
These include no upfront Takaful charges, no rental charged before vehicle delivery, and withholding tax borne by the bank.
Such measures reduce the initial financial requirements typically associated with vehicle financing.
The MG HS PHEV is marketed as a true hybrid electric SUV, combining electric driving capability with a petrol engine to improve fuel efficiency and reduce emissions.
The model has been positioned as part of MG’s broader strategy to promote electrified mobility in Pakistan, where demand for hybrid and electric vehicles has been gradually increasing.
According to the company, the instalment plan will be available for a limited period, with the campaign running from January 31, 2026, to March 31, 2026.
Customers interested in the offer have been advised to review the applicable terms and conditions before proceeding, as eligibility criteria and financing approvals will be determined by the bank.
Industry observers note that such financing schemes reflect a growing trend among automakers in Pakistan to introduce alternative ownership models amid rising vehicle prices and higher borrowing costs.
Hybrid vehicles, in particular, have gained attention due to their balance between fuel efficiency and practicality.
MG Pakistan has not disclosed whether similar instalment plans will be extended to other models in its lineup.
Further details regarding booking procedures and documentation requirements are expected to be available through authorized MG dealerships and Bank Alfalah Islamic Auto Finance channels.