JSW MG Motor India has announced a price increase of up to 3% across its entire vehicle lineup, effective January 2025. The company attributes this adjustment to escalating input costs and external economic factors.
Satinder Singh Bajwa, Chief Commercial Officer of MG Motor India, stated, “Our commitment to quality, innovation, and sustainability remains unwavering. These price adjustments are essential to address rising production costs while continuing to enhance our offerings.”
In the meantime, Maruti Suzuki, India’s largest carmaker, also announced a price hike earlier today (December 6). Depending on the model, prices will increase by up to 4% from January 2024. The company cited similar reasons for the adjustment, including inflationary pressures and increasing manufacturing expenses.
On Thursday, Hyundai Motor India joined the trend, declaring that it would raise vehicle prices by up to ₹25,000 across its lineup. The South Korean automaker stated that the hike was necessary to manage rising input costs and sustain its operations effectively.
