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MG Motors Pakistan

From Wikipedia, the free encyclopedia

MG Motors Pakistan
IndustryAutomotive
Founded2020
FounderJaved Afridi
Headquarters
Lahore
,
Pakistan
Area served
Pakistan
Key people
Javed Afridi (CEO)
ProductsAutomobiles
OwnerJW Auto Park (Javed Afridi)
ParentJW-SEZ Group
SAIC Motor
MG Motor
Websitemgmotors.com.pk

MG JW Automobile Pakistan Pvt Ltd operating as MG Motors Pakistan[1] is a Pakistani automobile manufacturer and joint venture between JW-SEZ Group and SAIC motors.[2][3][4][5][6][7][8]

History

MG JW Automobile Pakistan is owned by JW Auto Park, which in turn owned by Javed Afridi. MG JW Automobile Pakistan has signed Memorandum of Understanding (MoU) with Morris Garages (MG) Motor UK Limited, owned by SAIC Motor to bring electric vehicles in Pakistan. It will establish Electric car manufacturing plant. MG Motors has launched two models namely MG HS, MG ZS and MG ZS EV in Pakistan in 2020.[4][5][6][7][8]

Launching Ceremony

Prime Minister Imran Khan inaugurates MG JW Automobile.[9]

JW-SEZ Raiwind

Board of Investment (BoI) has approved the MG JW Automobile Pakistan Pvt Ltd to manufacture electric vehicles in country’s first private Special Economic Zone (SEZ) in Raiwind.[10][11]

Operations in Pakistan

MG Motors in Pakistan faced a delay in spare parts supply, which led to a backlog of customer orders and potential production disruptions. According to a report, the company was taking measures to address the issue, including working with its suppliers and expediting shipments. However, some customers experienced significant delays in receiving their orders, which could have negatively impacted the company's reputation and sales figures.[12]

In 2021, the Federal Board of Revenue (FBR) investigated MG Motors in Pakistan for under-invoicing vehicles to evade taxes. The investigation was launched in response to a complaint from a customs clearing agent, who claimed that the company was involved in fraudulent practices. The FBR conducted a thorough investigation and found evidence of under-invoicing, resulting in the imposition of heavy fines and penalties on the company. MG Motors denied any wrongdoing and stated that they were committed to following all relevant laws and regulations.[13]

In the beginning of 2023, The retail price of MG Essence increased by 19% in Pakistan due to an increase in custom duties.[14]

Electric Vehicles

JW-SEZ Group and SAIC motors are making Pakistan a part of global EV revolution.[9][15]

Products

See also

References

  1. ^ "MG Motors Pakistan". mgmotors.com.pk. Retrieved 23 February 2021.
  2. ^ "HYUNDAI". hyundai-nishat.com.
  3. ^ "PM Abbasi breaks ground on Hyundai-Nishat vehicle assembly plant in Faisalabad". 20 December 2017. Retrieved 9 January 2018.
  4. ^ a b "Chinese president to inaugurate 'Electric car manufacturing plant' in Pakistan". Automark. 13 March 2020. Retrieved 20 December 2020.
  5. ^ a b News Desk (21 September 2020). "Javed Afridi all set to launch 'affordable' British SUVs in Pakistan". Global Village Space. Retrieved 20 December 2020.
  6. ^ a b eVentures, Pak. "MG 2020 New Car Models Price & Pictures in Pakistan". www.pakwheels.com. Retrieved 20 December 2020.
  7. ^ a b "MG Motors Pakistan". mgmotors.com.pk. Retrieved 20 December 2020.
  8. ^ a b "MG Motors receives 10,000 orders for its Rs5.5 million SUV | SAMAA". Samaa TV. Retrieved 20 December 2020.
  9. ^ a b "A new milestone in auto industry: PM inaugurates MG motors launch Pakistan on 1st January 2021". www.thenews.com.pk. Retrieved 5 January 2021.
  10. ^ Reporter, The Newspaper's (14 March 2021). "EVs manufacturing in Raiwind soon". DAWN.COM. Retrieved 16 March 2021.
  11. ^ "Chinese firm to set up EV plant in Pakistan". The Express Tribune. 13 March 2021. Retrieved 16 March 2021.
  12. ^ Ahmad, Daniyal (6 September 2022). "MG Motors faces delay in spare parts supply". Profit by Pakistan Today. Retrieved 14 March 2023.
  13. ^ News Desk (23 April 2022). "FBR to investigate MG Motors under-invoicing scandal". Global Village Space. Retrieved 14 March 2023.
  14. ^ Shah, Faisal (16 February 2023). "Retail price of MG Essence goes up by 19pc". Pkrevenue.com. Retrieved 14 March 2023.
  15. ^ a b c priced at Rs 6.8 million"MG MotorPakistan". mgmotors.com.pk. Retrieved 5 January 2021.
  16. ^ Desk, BR Web (20 January 2021). "MG Motors Pakistan Finally Revealed Prices for its SUV MG ZS". Brecorder. Retrieved 20 January 2021.


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This page was last edited on 20 December 2023, at 06:01
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