MG S6 EV Price Rises by 2 Lakh Rupees in Nepal MG S5 EV Sees 1 Lakh Rupees Increase
AI illustrationKey Takeaways
- Paramount Motors adjusts pricing for MG EV lineup in Nepal due to new government tax policies
- MG S6 EV sees a Rs 2 Lakh increase, now priced at Rs 71.99 Lakh for the Trophy Long Range variant
- MG S5 EV variants (49 kWh and 62 kWh) each increase by Rs 1 Lakh, now priced at Rs 50.99 Lakh and Rs 55.99 Lakh respectively
- Despite price hikes, MG S5 and S6 EVs remain key options in Nepal's competitive electric SUV market, targeting buyers with long-range capabilities and premium features
- MG4 EV and MG IM6 prices remain unchanged amidst Nepal's evolving EV regulatory landscape
Nepal's Electric Vehicle Market Sees New Price Adjustments for MG EVs
Recent changes in government tax policies have led to another round of price revisions in Nepal's electric vehicle (EV) market. Paramount Motors, the local distributor, has updated the pricing for its popular MG EV lineup, affecting key models such as the MG S6 EV and MG S5 EV.
MG S6 EV Price Update
The newly introduced MG S6 EV, originally launched in May 2026 at a starting price of Rs 69.99 Lakh, has seen a significant price increase of Rs 2 Lakh. This mid-size electric SUV, positioned between the MG S5 EV and MG IM6, is available in Nepal exclusively in the Trophy Long Range variant. The latest adjustment reflects the impact of updated import duties and taxation policies on electric vehicles.
MG S5 EV Variant Adjustments
The MG S5 EV has also experienced price hikes across both of its available variants. The Luxury (49 kWh) and Luxury (62 kWh) variants each saw a uniform increase of Rs 1 Lakh. The updated pricing is now as follows:
- MG S5 EV Luxury (49 kWh): Rs 50.99 Lakh
- MG S5 EV Luxury (62 kWh): Rs 55.99 Lakh
Despite these changes, the MG S5 EV remains positioned below the newly launched MG S6 EV in MG’s Nepal lineup, which also includes the MG4 EV and MG IM6.
Impact on the EV Market
These price revisions place both the MG S5 EV and MG S6 EV at new thresholds within Nepal’s increasingly competitive EV SUV segment. As tax policies continue to evolve, distributors are expected to implement periodic price adjustments to align with regulatory changes.
Targeting Premium EV Buyers
Even with the recent increases, the MG S5 and S6 EVs remain important models for MG in Nepal. They continue to appeal to consumers looking for long-range electric SUVs that combine premium features with urban practicality. Notably, the prices for other MG models — the MG4 EV and MG IM6 — remain unchanged at this time.