MG Motors Pakistan | |
Industry: | Automotive |
Founded: | 2020 |
Owner: | SAIC Motor International China (Mr. Zhang Jianmin) |
Key People: | Zhang Jianmin (CEO) |
Hq Location City: | Lahore |
Hq Location Country: | Pakistan |
Area Served: | Pakistan |
Products: | Automobiles |
Parent: | JW-SEZ Group SAIC Motor MG Motor |
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]
MG JW Automobile Pakistan is owned by SAIC Motords China (51%) and JW Group Pakistan (49%)]]. MG JW Automobile Pakistan has signed Memorandum of Understanding (MoU) with Morris Garages (MG) Motor UK Limited, owned by SAIC Motor China to bring ICE, PHEV and EV cars in Pakistan. It has established state of the art assembling plant for ICE and PHEV manufacturing in Lahore. MG Motors has launched two models namely MG HS, MG ZS and MG ZS EV in Pakistan in 2020.[4] [5] [6] [7] [8]
Prime Minister Imran Khan inaugurates MG JW Automobile.[9]
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]
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 its competitive, most probably Indus Motors, which claimed that the company was involved in fraudulent practices. The FBR conducted a thorough investigation and found NO evidence of under-invoicing. MG Motors had already 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]
JW-SEZ Group and SAIC motors are making Pakistan a part of global EV revolution.