Official: MG Motor To Increase Prices From Jan 1 | V3Cars

Dec 4, 2023, 07:30 PM IST
By Mahesh Yadav
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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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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

At V3Cars, Mahesh turns this lens into clear and engaging reports. He uncovers telling details, evaluates cars beyond the obvious and brings fresh angles to automotive conversations so readers learn to appreciate the charm of machines that deserve more attention. Over the years Mahesh has built a keen eye for spotting vehicles that punch above their weight. His appreciation for clever engineering, value-driven design and inventive thinking shapes how he evaluates products and helps him surface stories others miss. Mahesh wears the all-rounder hat at V3Cars, blending writing and motor vehicles — cars as well as motorcycles — into a single passion. He is drawn to compact, quirky and underrated machines that are full of character and a few lovable annoyances. It is no surprise that the Multix, Nano, Comet, Windsor and Navi rank high on his list of favourites.

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