Official: MG Motor To Increase Prices From Jan 1 | V3Cars
MG Motor recently notified us about a price hike from January 1, 2024. The reasons for the price hike quoted in the notification are the usual suspects: inflation and rising input costs. We expect it to remain fairly low and in the 1-2% range.
The statement reads:
“MG Motor India today announced that price increases for all its models will be in effect from January 2024. This hike is owing to the rising costs attributed to overall inflation and increased commodity prices.
…
To provide the best value proposition to its customers, MG Motor India is coming out with special year-end offers effective towards the end of December 2023*. Prospective MG buyers can avail of these benefits before the price hike takes effect in the subsequent month.”
Also Read: Maruti Suzuki Price Increase From Jan 1, 2024
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V3Cars Insight
Meanwhile, MG are also running year end discounts on their cars. The December 2023 offers on MG cars go as high as Rs. 2.10 lakh and a couple of them even have discounts of more than Rs. 1.0 lakh. You can know more about the offers at the following link:
Up To Rs. 2.10 Lakh Off — MG Car Offers For December 2023; Comet, Astor, Hector, Gloster, ZS EV
It looks like with the offers carrot, MG are getting the fence sitters to take action and book the car soon. However, we’re not expecting to see a huge price increase in January 2024. So, you can book the MG car you were always planning to buy in the next few months. But if you intend to buy the car in the 2nd half of 2024, then there’s no need to hurry.
Also Read: Jimny Gets 3 Lakh Cheaper; What It Means For Owners & Buyers — Opinion
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ABOUT THE AUTHOR
Mahesh Yadav
Mahesh is a fan of compact, quirky and underrated vehicles that punch above their weight. Multix, Nano and Navi are his favorites.
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MG Cars in India
Windsor EV
₹13.50 - ₹15.50 lakh*
*Ex-showroom priceComet EV
₹6.99 - ₹9.53 lakh*
*Ex-showroom priceHector
₹14.00 - ₹22.57 lakh*
*Ex-showroom priceHector Plus
₹17.50 - ₹23.41 lakh*
*Ex-showroom priceGloster
₹38.80 - ₹43.87 lakh*
*Ex-showroom priceZS EV
₹18.98 - ₹25.44 lakh*
*Ex-showroom priceAstor
₹10.00 - ₹18.35 lakh*
*Ex-showroom priceUpcoming MG Cars
MG4
₹20.00 - ₹25.00 lakh*
*Expected PriceExpected Launch Aug 2023
Cyberster
₹99.90 lakh*
*Expected PriceExpected Launch Jan 2025
Astor Facelift
₹10.82 - ₹18.73 lakh*
*Expected PriceExpected Launch Jul 2025
Marvel X
₹50.00 - ₹60.00 lakh*
*Expected PriceExpected Launch Feb 2026
Euniq 7
₹30.00 - ₹35.00 lakh*
*Expected PriceExpected Launch Jun 2026
3
₹10.00 - ₹12.00 lakh*
*Expected PriceExpected Launch Jun 2026
MG5
₹30.00 - ₹35.00 lakh*
*Expected PriceExpected Launch Oct 2026
eMG6
₹30.00 - ₹40.00 lakh*
*Expected PriceExpected Launch Jan 2027
Marvel R
₹50.00 - ₹60.00 lakh*
*Expected PriceExpected Launch Apr 2027
G10
₹24.00 - ₹28.00 lakh*
*Expected PriceExpected Launch May 2027
MIFA 9
₹40.00 - ₹45.00 lakh*
*Expected PriceExpected Launch Dec 2027
RC6
₹25.00 - ₹35.00 lakh*
*Expected PriceExpected Launch Dec 2027
HS Plug-in
Hybrid
₹20.00 - ₹25.00 lakh*
*Expected PriceExpected Launch Dec 2028
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