MG Motor announces price hike across entire vehicle lineup: Here's why

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Gloster SUVs, along with two electric vehicles, Comet EV and ZS EV. Notably, the carmaker had previously raised the prices of its flagship SUVs, Hector and Gloster, in August of this year. MG Motor has justified its latest decision to increase prices, citing the necessity to address escalating production costs.

In a statement released today, the carmaker stated, "This hike is owing to the rising costs attributed to overall inflation and increased commodity prices." While specific details about the extent of the price hike have not been disclosed, MG Motor has assured customers that it will introduce special year-end offers as a preemptive measure to mitigate the impact of higher prices, which will come into effect from January. Following the trend, MG Motor has become the fifth prominent car manufacturer in India to declare a price hike. Earlier, Maruti Suzuki, Tata Motors, Mahindra and Mahindra, and Honda Cars had also communicated their intentions to raise prices starting January.

Hyundai Motor, the country's second-largest car manufacturer, is also in the pipeline to implement price increases for its models in the near future. The most recent price adjustment comes just three months after MG Motor raised the prices of its Hector and Gloster SUVs. Remarkably, this marks the second price increase for these two SUVs within a three-month span this year.

In the previous adjustment, the SUVs experienced a price uptick of up to ₹78,000, varying according to the model and variant. Notably, this increase surpasses the one implemented by MG Motor in May of this year, which affected all its models. Moreover, the Hector SUV, having undergone a significant update earlier this year, is slated for its third price increase within a