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Thursday, April 29, 2021

MG Philippines: No Price Increase, No Safeguard Bond On Cars Until May 15, 2021


MG Philippines will not collect and require an additional deposit from clients to cover the provisional safeguard measure bond as mandated by the Department of Trade and Industry (DTI) for all purchases until May 15, 2021.

The Covenant Car Company, Inc. or TCCCI has elected not to pass on the additional cost of the provisional safeguard measure to its customers, thereby preserving the existing total cash price per vehicle. Until the aforementioned date, MG Philippines’ will retain the SRP on all locally available MG vehicles, allowing its clients the flexibility to purchase their new MGs without any additional fees.

See below for the full line-up of vehicles available from MG Philippines, and their respective SRPs:
  • MG ZS 1.5L MT Style - P 818,888
  • MG ZS 1.5 L AT Style - P 868,888
  • MG ZS 1.5 L AT Alpha - P 998,888
  • MG RX5 1.5T MT Core - P 1,058,888
  • MG RX5 1.5T AT Style - P 1,228,888
  • MG RX5 1.5T AT Alpha - P 1,298,888
  • MG 6 1.5T Alpha - P 1,068,888
  • MG 6 1.5 T Trophy - P 1,188,888
  • MG 5 1.5L MT Core - P 658,888
  • MG 5 1.5L AT Core - P 718,888
  • MG 5 1.5L AT Style - P 848,888
  • MG 5 1.5L AT Alpha - P 938,888
“We are happy to share that TCCCI will continue to support the motoring needs of the market by not collecting an additional fee to cover the Safeguard Measure Bond as issued by the DTI. We would like to continue providing our clients with affordable offers by retaining the current standard retail prices on all MG models and variants until May 15, 2021,” says Atty. Alberto B. Arcilla, President and CEO of MG Philippines. He continues: “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 modern mobility solutions.”

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