Firm plans to bring locally assembled plugin hybrid electric vehicles next year with m investment . Firm has already tasted success with its MG HS sports utility vehicle both imported and locally assembled petrol versions selling a total of units in the last two and a half years .
For now the company is looking to launch two new MG HS variants Excite and . AWD and its first sedan the cc MG GT . The expansion plans for EV production depend on favourable policy support and according to Mr Ahmed the current MG facility in Lahores JW SEZ Autopark had ample space for this expansion .
Ongoing economic challenges including high interest rates and rising prices due to the rupees depreciation have limited the companys production to units of SUVs per month compared to a capacity of around . However Mr Ahmad said the company remained optimistic about the countrys automotive potential.
We have not laid off a single staff member since the total number of employees stands at he added. To remain competitive MG is focusing on localising highvalue parts and exploring potential export opportunities, he said. The company is focusing to localise highvalue auto parts and explore potential export possibilities to become a vehicle export market.
To be competitive, Mr Ahmad added. For now MG Pakistan represents a significant m investment as the fourth knock-down KD plant globally. To stay competitive, he added, “We have not . laid off’ve not laid . off a one staff member’t laid off. We’re focusing on highvalue.
We are focusing on lowvalue parts’s electric vehicles’. To become competitive, we’ll focus on localised highvalue, low-cost and low-tech parts.
