MG Motor to Increase Price of Hector, Gloster, other Models from Next Month

MG Motor, which started its business in the country a few years ago, has decided to increase the prices of its vehicles from the beginning of the new year. The company’s portfolio includes Hector, Hector Plus, Astor and Gloster SUVs as well as electric vehicles Comet EV and ZS EV.

MG Motor said that it is necessary to increase the prices of vehicles due to increased production cost. However, the company has not said how much the prices will be increased. It will offer special offers to its customers at the end of this year, which will reduce the burden of price increase. Earlier, Maruti Suzuki, Honda Cars and Tata Motors had also informed about increasing the prices of vehicles from the beginning of next year. The company’s most popular SUV Hector competes with Hyundai’s Creta, Kia’s Seltos and Maruti Suzuki It is priced at Rs 14,999 from the Grand Vitara. At this year’s Auto Expo, MG Motor relaunched the Hector and Hector Plus with a new front design. It gets a 14-inch touchscreen infotainment system and ADAS Level 2 technology.

However, there was no change in its engine. Hector comes with 1.5 liter petrol, 1.5 liter petrol hybrid and 2.0 liter diesel engines. It has options of six speed manual and automatic gearbox. Sales of the company’s ZS EV are also increasing rapidly. A few months ago, an order of 500 units was received for it from EV ride sharing platform BluSmart Mobility. This electric car will be included in BluSmart Mobility’s fleet in Delhi NCR and Bangalore.

The company’s Comet EV is the most affordable electric car sold in the country. Its starting price is Rs 7.98 lakh (ex-showroom). Last week JSW Group had announced to buy 35 percent stake in MG Motor’s country’s unit. This stake has been bought from China’s SAIC, which controls the company. However, the value of this deal has not been disclosed. This can help MG Motor expand. It plans to start a second plant soon. The company’s sales have increased in the last few months.