MG Motor Announces Price Hike Across Models Starting January 2025

In a significant move for India’s automotive industry, MG Motor has announced a price hike across its portfolio of vehicles effective January 2025. Joining the ranks of Maruti Suzuki and Hyundai Motor, the British-origin carmaker is the latest to increase prices amid rising input costs and inflationary pressures.

The hike, capped at three percent, will affect MG’s lineup of SUVs and electric vehicles, including the Hector, Windsor EV, and Comet EV, among others. For MG customers, the news is bittersweet—while the company assures that the adjustments are minimal, the increase reflects broader challenges in the automotive sector.

What’s Behind the Price Hike?

MG Motor’s decision to raise prices stems from rising raw material costs and external economic pressures. In a statement, Satinder Bajwa Singh, Chief Commercial Officer at MG Motor, said, “Minor price adjustments are inevitable to offset the rising input costs. While we try to minimize its impact on our customers, a marginal price increase shields us from inflationary challenges.”

This announcement follows similar moves by Maruti Suzuki, which will implement a price increase of up to four percent, and Hyundai, which plans to raise prices by up to ₹25,000 starting next year.

How the Hike Affects MG Motor’s Lineup

MG Motor’s wide range of vehicles, from popular SUVs to innovative EVs, will see price increases. While specific price adjustments for individual models haven’t been disclosed, here’s a glimpse of the affected lineup:

• SUVs: The popular Astor, Hector, and Gloster will be part of the price revision.
• Electric Vehicles: The ZS EV, Comet EV, and the recently launched Windsor EV—a groundbreaking model offering a battery-on-rent scheme—are also included.

For many buyers, the Comet EV, India’s most affordable electric car starting at ₹7 lakh (ex-showroom), and the Windsor EV, which has quickly gained traction, could become slightly pricier but remain competitive in their segments.

MG Motor’s EV Sales Surge

Despite the upcoming price hike, MG Motor is riding a wave of success, thanks to the growing popularity of its electric vehicles. November saw a 20 percent year-on-year sales increase, with EVs accounting for a staggering 70 percent of the brand’s total sales. MG reported sales of 6,019 units last month, with the Comet EV emerging as a favorite due to its affordability and city-friendly design.

The Windsor EV, launched just two months ago, has captured attention for its innovative battery rental model, which lowers the upfront cost of ownership. Combined with the reliable ZS EV, MG’s electric lineup is solidifying the company’s reputation as a pioneer in sustainable mobility.

A Tough but Necessary Decision

The rising costs impacting MG Motor reflect a broader trend in the auto industry. Steel, aluminum, and semiconductor prices—key components in vehicle manufacturing—have surged in recent years. Logistics and energy costs further compound the pressure, leaving automakers with little choice but to pass on some of the burden to consumers.

For MG Motor, the decision to raise prices isn’t taken lightly. The company remains committed to delivering cutting-edge vehicles that balance affordability, innovation, and quality. By limiting the price hike to three percent, MG aims to protect customer trust while navigating a challenging economic landscape.

What’s Next for Buyers?

For prospective MG buyers, December may be the best time to secure a deal before the price adjustments take effect. With models like the Comet EV already leading the affordability race and SUVs like the Hector continuing to dominate the segment, there’s still time to take advantage of current pricing.