MG, a Chinese automotive company, has significantly reduced the prices of petrol and hybrid vehicles in Australia by as much as $6000.

Chinese automaker MG has announced significant price reductions of up to $6000 for its petrol and hybrid vehicles in Australia, marking the second price cut in 12 months following unprecedented increases. Moreover, prices of electric vehicles have seen even more substantial reductions, with up to $10,000 slashed. Effective from April 1, 2024, the price adjustments include $1000 off the MG 3 city hatch, $1000 off the ZS small SUV, $1500 to $3500 off the ZST small SUV, and $3000 to $6000 off the HS mid-size SUV. These adjustments are not temporary discounts but represent permanent changes, effectively resetting prices of popular MG petrol cars and SUVs to 2021 and 2022 levels. The MG 3 and ZS are now the most affordable they have been since mid-2022, while certain ZST models maintain their launch prices from 2020 and 2021. Notably, the ZST Essence and several HS variants, including the plug-in hybrid, are at their lowest prices ever. Meanwhile, the MG 5 sedan retains its pricing from last year but is set to receive a safety upgrade later in the year, likely leading to price adjustments.