JSW MG Motor India to hike prices by up to 3 percent from January 2025
09 Dec 2024, 12:54 PM
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JSW MG Motor India has announced a price hike of up to 3% across its entire product range, effective January 2025.
Commenting on the announcement, Satinder Bajwa Singh, Chief Commercial Officer, JSW MG Motor India Pvt Ltd, said, “Our dedication to quality, innovation, and sustainability remains a priority and drives us to improve our offerings continuously. In doing so, minor price adjustments are inevitable to offset the rising input costs. While we try to minimise its impact on our customers, a marginal price increase shields us from inflationary challenges.”
JSW MG Motor joins other auto OEMs in announcing price revisions effective January 2025. Mahindra & Mahindra, Maruti Suzuki, Hyundai India, Audi, BMW, Mercedes-Benz, and Nissan have also announced vehicle price hikes, citing increased commodity and operational costs.
JSW MG Motor India: Product portfolio
MG Motor currently has seven models on sale, including the Comet EV, Astor, Windsor EV, Hector, Hector Plus, ZS EV, and the Gloster.
Moreover, MG Motor India is preparing to launch its first all-electric sports car, the Cyberster, in January 2025. The vehicle, which was showcased in India earlier this year at the Bharat Mobility Expo, was initially revealed as a concept in 2021.
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