2027 Mitsubishi Pajero price revealed and it isn’t cheap

Key highlights

• Pajero starts at $68,490, undercutting the Prado but well above the Everest and MU-X.
• It’s roughly $17,000 pricier than the outgoing Pajero Sport.
• Deliveries begin in December, backed by Mitsubishi’s 10-year warranty and servicing plan.

Mitsubishi has finally put a number on the Pajero’s comeback, and it’s a bigger one than a lot of shoppers were probably bracing for. Five years after the nameplate went quiet in Australia, the 2027 Mitsubishi Pajero has landed with local pricing that starts at $68,490 before on-road costs, positioning it as a genuine Toyota Prado rival rather than a straight swap for the more affordable Ford Everest or Isuzu MU-X. First customer deliveries are locked in for December.

Read more: 2027 Mitsubishi Pajero vs Older generation: 5 key changes

2027 Mitsubishi Pajero pricing in Australia

Three grades launched initially, GLS, Exceed and GSR, each borrowed from the old Pajero Sport line-up, with the GLS name deliberately left off in case Mitsubishi decides to slot in a cheaper variant down the track. Stepping up from the base five-seat GLS to seven seats costs an extra $1500.

How it compares to the competition

This is where the pricing story gets interesting. The new Mitsubishi Pajero undercuts the Japanese-built Toyota Prado (from $73,200 plus ORCs), but only just, and it’s a different conversation entirely against the rest of the large SUV field:

• Ford Everest (Australia’s best-seller in the segment): from $58,990 plus ORCs
• Isuzu MU-X: from $49,900 plus ORCs
• GWM Tank 500: from $65,990 drive-away

So while the Pajero edges out the Prado on price, it’s asking a meaningful premium over the Everest and MU-X, vehicles it will inevitably be cross-shopped against on dealer forecourts. The bigger sticker shock, honestly, is the generational jump. At entry level, the new Mitsubishi Pajero costs almost $17,000 more than the outgoing Pajero Sport (from $51,540) and roughly $13,500 more than the last Pajero GLX Final Edition sold back in 2021 ($54,990 plus ORCs). That’s not a small step up, it’s Mitsubishi repositioning the badge altogether.

Why the Pajero costs what it costs

The pricing isn’t happening in a vacuum. This Mitsubishi Pajero is built in Thailand alongside the Triton ute, riding on a heavily reworked ladder-frame chassis rather than the previous generation’s unibody design, making it, structurally at least, closer kin to the old Pajero Sport than to any Japan-built Pajero before it.

Under the bonnet is a new-generation single-turbo version of the Triton’s 2.4-litre four-cylinder diesel, producing 150kW and 480Nm. enough to match the Prado’s 2.8-litre engine on power and beat it on torque delivery. Braked towing capacity sits at 3500kg, up 400kg on the old Mitsubishi Pajero Sport.

Standard equipment across the range includes a 12.3-inch touchscreen (14.3-inch on Exceed and GSR), Mitsubishi’s Super Select II 4WD system, seven drive modes, and a full active-safety suite, AEB with pedestrian/cyclist detection, blind-spot monitoring, adaptive cruise with lane-keep, and a 360-degree camera. Backing it all is Mitsubishi’s 10-year warranty and capped-price servicing program, provided you stick with dealer servicing.

The bottom line

The Japanese carmaker has made a clear call with this pricing, the new Mitsubishi Pajero isn’t trying to be a budget-friendly Everest alternative, it’s gunning straight for Prado territory, banking on more than 3000 pre-registrations as early proof buyers are willing to pay up for the badge’s return. Whether that premium holds once it’s sitting next to an Everest on the same lot is the question worth watching between now and December.