MG Pakistan has unveiled a flexible installment plan for its electric vehicle (EV) lineup, offering 12- and 18-month interest-free financing options.
This initiative is aimed at making EV ownership more accessible while boosting sales through easy payment solutions. Under this scheme, customers can purchase an MG EV with a 50% upfront payment, with the remaining amount payable in equal monthly installments.
MG EV EMI Plan Details
The installment plan applies to various MG EV models, including the MG4 51KW, MG4 64KW, and MG ZS SR. Below are the pricing and installment breakdowns:
MG4 51KW
Base Price: PKR 9,799,000
Price with PKR 250,000 Adjustment: PKR 10,049,000
18-Month EMI: PKR 279,139 with a PKR 5,024,500 down payment
12-Month EMI (Without Adjustment): PKR 408,292 with a PKR 4,899,500 down payment
MG4 64KW
Base Price: PKR 10,990,000
Price with PKR 250,000 Adjustment: PKR 11,240,000
18-Month EMI: PKR 312,222 with a PKR 5,620,000 down payment
12-Month EMI (Without Adjustment): PKR 457,917 with a PKR 5,495,000 down payment
MG ZS SR
Base Price: PKR 10,990,000
Price with PKR 250,000 Adjustment: PKR 11,240,000
18-Month EMI: PKR 312,222 with a PKR 5,620,000 down payment
12-Month EMI (Without Adjustment): PKR 457,917 with a PKR 5,495,000 down payment
Additional Terms and Conditions
The mentioned prices are ex-factory and do not include freight charges, which vary based on dealership location. Additionally, a TPL Insurance Guarantee is mandatory as per company policy.
For Blue Chip Corporate Clients, the down payment requirement is reduced to 30%, with the balance payable over 12 to 18 months. However, for individual buyers, a minimum 50% down payment is required to avail of this installment plan.
Benefits of the EMI Plan
This financing scheme is part of MG Pakistan’s commitment to promoting electric mobility in the country. By offering flexible installment plans, the company aims to attract more buyers and encourage the adoption of eco-friendly transportation.
Interest-free financing helps reduce the financial burden on buyers, making EV ownership easier. Customers can choose a suitable plan based on their financial situation, ensuring greater flexibility and convenience.
MG Pakistan’s latest financing scheme aims to make EV ownership hassle-free by providing interest-free installments, ensuring greater affordability and accessibility for customers nationwide. With increasing fuel costs and a growing shift towards sustainable transportation, this initiative is expected to accelerate the adoption of electric vehicles in Pakistan.