The Covenant Car Company Inc. (TCCI), the exclusive distributor of Chevrolet as well as MG in the Philippines has announced that it will not be increasing the pricing of its vehicles until May 15, 2021. The move was done to ensure the interested buyers can get their hands on an MG vehicle without worrying about paying additional fees related to safeguard duties. TCCI has also chosen not to pass on these additional tariffs to its customers and has instead chosen to absorb the cost for the time being. This means that until May 15, MG vehicles such as the MG ZS crossover, the MG 6 fastback sedan, the MG RX5 SUV, and the MG 5 sedan will all retain their standard retail pricing.
He continues by stating “As the local economy and industry continue to recover and strengthen, MG Philippines remains committed to giving Filipinos access to well designed, safe, attainable and, and modern mobility solutions.”
What will happen after the May 15, 2021 deadline is still unknown, as there are no further details released by MG Philippines on the matter. However, we suspect that there will be a few price adjustments to the brand’s vehicle lineup that will happen in the future.