MG Motor India has decided to increase prices for all its models, effective January 2024. This increase is due to the rising costs attributed to overall inflation and increased commodity prices.
Recently, the MG Hector saw a price hike of Rs 40,000, bringing the ex-showroom price of the SUV to Rs 15 lakh. Earlier in September, MG slashed the Hector’s price but soon increased it.
MG India’s range consists of the Comet EV, Hector, Hector Plus, Astor, Gloster, and the all-electric ZS EV. Last month, MG saw a YoY growth of 1.8%, having sold 4,154 units in November 2023. The electric vehicles sales accounted for 30 percent of its overall sales last month.
MG Motor India has also been placed among the top positions, ranking 1st, and 2nd, in JD Power’s CSI (Customer Satisfaction Index) and SSI (Sales Satisfaction Index) Study 2023, respectively, for the third year in a row and second in SSI in 2023.