MG Motor India announces price hike across all models starting January 2024

The company will be announcing special year-end offers during the end of December 2023.

Autocar Pro News Desk By Autocar Pro News Desk calendar 04 Dec 2023 Views icon15563 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
MG Motor India announces price hike across all models starting January 2024

MG Motor India today announced a price increase for all its models which include the Hector, Gloster, and Astor among others. The price hike will be in effect from January 2024.

The SAIC-owned carmaker attributes the price hike to rising costs associated with overall inflation and increased commodity prices. However, specific details about the magnitude of the price increase have not been provided at this time.

The company also shared that it will be announcing special year-end offers during the end of December 2023.

China's largest carmaker, Shanghai Automotive Industry Corporation (SAIC), recently signed a joint venture agreement with JSW Group. Under the agreement, JSW Group will hold a 35% stake in the Indian joint venture operations and SAIC will continue to support the joint venture with advanced technology and products to provide mobility solutions focused on the Indian market. The Shareholder Agreement and Share Purchase & Share Subscription agreement were signed by SAIC President Wang Xiaoqiu and JSW Group’s Parth Jindal at the MG Office in London, with the goal of accelerating the transformation and growth of MG Motor in India.

Also read
SAIC Motor and JSW Group announce a strategic Joint Venture to accelerate growth with focus on green mobility

RELATED ARTICLES
Log9 and Trinity Cleantech partner to offer 2000 public charging stations

auther Autocar Pro News Desk calendar24 Feb 2024

 Trinity’ Thunder Platform will integrate with Log9's “Instacharge” platform, streamlining operations and enhancing user...

Audi of America, Verizon join forces to bring 5G to vehicle lineup

auther Autocar Pro News Desk calendar23 Feb 2024

The integration of embedded 5G Ultra Wideband connectivity into Audi vehicles will facilitate advanced driving features,...

Suzuki Motorcycle India produces 1 million units within FY23-24

auther Autocar Pro News Desk calendar23 Feb 2024

Suzuki Access became the 1 millionth unit that was rolled out from the company's Kherki Dhaula plant in Gurugram.