MG Pakistan introduces interest-free EMI plan for electric vehicles

MG Pakistan has launched an interest-free installment plan for its electric vehicle (EV) lineup, making it easier for customers to own an EV.

The company is offering 12- and 18-month financing options with zero interest, aimed at promoting electric mobility and increasing sales.

Flexible EMI plan for MG EVs

Under this new plan, buyers can purchase MG electric cars with a 50% upfront payment. The remaining amount can be paid in equal monthly installments. The offer applies to several MG models, including the MG4 51KW, MG4 64KW, and MG ZS SR.

MG EVs pricing and EMI breakdown

Here are the prices of all the MG EVs:

MG4 51KW

• Price: Rs10,049,000 (after Rs250,000 adjustment)
• 18-month EMI: Rs279,139 with a Rs5,024,500 down payment
• 12-month EMI: Rs408,292 with a Rs4,899,500 down payment

MG4 64KW

• Price: Rs11,240,000 (after Rs250,000 adjustment)
• 18-month EMI: Rs312,222 with a Rs5,620,000 down payment
• 12-month EMI: Rs457,917 with a Rs5,495,000 down payment

MG ZS SR

• Price: Rs11,240,000 (after Rs250,000 adjustment)
• 18-month EMI: Rs312,222 with a Rs5,620,000 down payment
• 12-month EMI: Rs457,917 with a Rs5,495,000 down payment

Terms and conditions

• Prices are ex-factory and do not include freight charges.
• TPL Insurance Guarantee is mandatory.
• Blue Chip Corporate Clients can avail of a 30% down payment option, while individual buyers need a minimum 50% down payment.

What to expect from MG Pakistan's interest-free EMI plan

This financing plan is part of MG Pakistan’s strategy to enhance electric vehicle adoption. Interest-free financing reduces the financial burden on buyers, making EVs more affordable. With rising fuel prices, this initiative is expected to encourage more people to switch to sustainable transportation.