MG Motors has recently implemented a price increase for the year 2023, affecting several popular models including the Astor, Hector, Hector Plus, and Gloster. These price revisions, ranging from Rs. 20,000 to Rs. 61,000, are attributed to rising input costs and have resulted in updated variant mix across the lineup. The new prices have already taken effect.
MG Astor Price Hike: The MG Astor range has witnessed price increases ranging from ₹20,000 to ₹41,800. The entry-level Style MT variant now starts at ₹10.82 lakh, reflecting a hike of ₹23,800. Meanwhile, the Savvy CVT variant has experienced the smallest price increase of ₹20,000 and is now available from a starting price of ₹17 lakh.
MG Hector, Hector Plus, and Gloster: Apart from the Astor, MG Motor has also adjusted the prices of the Hector, Hector Plus, and Gloster models. However, specific details regarding the extent of price increases for these vehicles have not been provided in the provided content.
Reasons for the Price Hike: The primary reason for the price hike is believed to be the escalating input costs faced by MG Motor. As a result, the company has taken necessary measures to pass on some of these additional expenses to customers. While the price increase may pose challenges for prospective buyers, it aims to help MG Motor sustain its commitment to delivering high-quality vehicles and continued support to customers.
MG Motors has recently implemented a price increase for the Astor, Hector, Hector Plus, and Gloster models for the year 2023. With rising input costs affecting the automotive industry, MG Motor has adjusted the prices of its vehicles to reflect these challenges. The revised prices are now in effect, and customers can expect to see the updated variant mix across MG’s product lineup.