MG to Hike Prices Next Year

If you’re planning to bring home an MG car, here’s an important heads-up. MG Motor has announced that it will hike car prices next year, and this decision is already creating buzz among car buyers across India. Whether you’re eyeing a stylish SUV or a futuristic EV, this price revision could impact your budget more than you expect.
 

Why MG’s Decision Matters

MG has positioned itself as a value-for-money brand with premium features. A price hike means buyers may have to rethink variants, financing, or even timelines. In short, this isn’t just a small update—it’s a decision that affects thousands of potential buyers.
 

Impact on Indian Car Buyers

For Indian customers, where value and affordability are key, even a small price increase can change buying decisions. First-time buyers and middle-class families will feel the pinch the most.
 

Official Statement from MG Motor

MG Motor has officially confirmed that prices will increase from next year across its model range.

Timeline of the Price Hike

The revised prices are expected to come into effect from early next year, likely January. Customers booking vehicles before the deadline may still get the current prices.

Expected Percentage Increase

While MG has not revealed exact numbers, industry sources suggest a hike of around 2% to 4%, depending on the model and variant.
 

Reasons Behind MG Price Hike

So, why is MG increasing prices? The reasons are practical, not surprising.

Rising Input and Raw Material Costs

Steel, aluminum, and other key materials have become more expensive. These increased costs eventually reach the customer.

Inflation and Global Supply Chain Pressure

Global inflation is like a slow leak in a tire—you don’t notice it immediately, but it affects everything over time. MG is no exception.
 

Semiconductor Shortage Impact

Although the chip shortage has improved, costs remain high, especially for tech-heavy cars like MG’s.

Logistics and Fuel Costs

Higher fuel prices mean higher transportation and logistics expenses, directly affecting vehicle pricing.

MG Cars Likely to Be Affected

Almost all MG models are expected to see revised pricing.

MG Hector and Hector Plus

MG’s best-selling SUVs are likely to see a noticeable increase, especially on top-end variants.

MG Astor

The Astor, popular for its AI features, could see a moderate hike due to technology costs.

MG ZS EV

As battery costs rise, the ZS EV may get a slightly higher price bump.

MG Comet EV

Even the affordable Comet EV won’t escape the hike, though the increase may be minimal.

Which Model May See the Highest Hike

Premium SUVs and EVs with more features are likely to be affected the most.
 

How Much More Will Buyers Pay?

Entry-Level Variants vs Top Variants

Base models may see a smaller increase, while fully loaded trims could become significantly costlier.

Petrol, Diesel, and EV Comparison

EVs may experience a sharper hike due to battery-related expenses compared to petrol and diesel cars.
 

MG Price Hike Compared to Other Car Brands

MG isn’t alone in this move.

Industry-Wide Trend in 2025

Most carmakers are planning similar price hikes next year, making this an industry-wide trend.

Comparison with Tata, Hyundai, Maruti

Like MG, brands such as Tata Motors, Hyundai, and Maruti Suzuki are also expected to revise prices due to cost pressures.
 

Impact on New Car Buyers

Budget Planning Challenges

Buyers may need to stretch their budgets or compromise on variants.

EMI and Loan Implications

Higher car prices mean higher EMIs. Even a small increase can add thousands over the loan tenure.
 

Impact on Used Car Market

Rising Demand for Pre-Owned MG Cars

As new car prices go up, many buyers turn to used cars for better deals.

Value Retention and Resale Price

Existing MG owners may benefit, as resale values could improve.
 

Should You Buy an MG Car Before the Price Hike?

Benefits of Buying Now

Buying before the hike means saving money and locking in current prices.

Festive and Year-End Offers

Year-end discounts and festive offers can help offset costs.

Dealer-Level Discounts

Dealers often provide additional benefits like accessories or cash discounts.

MG’s Future Strategy in India

Focus on Electric Vehicles

MG continues to push EV adoption, with new electric models in the pipeline.

Upcoming MG Launches

Several new MG cars and facelifts are expected in the coming years.

Localization Plans

Increasing local production may help control future costs.
 

MG EV Buyers – Special Considerations

Battery Cost Factor

Battery prices remain the biggest challenge for EV affordability.

Government Subsidies and FAME Impact

Any change in subsidies could further influence EV pricing.

Expert Opinions on MG Price Increase

Auto Industry Analysts’ Views

Experts believe price hikes are unavoidable due to rising costs.

Market Outlook for 2025

Demand is expected to remain steady despite higher prices.

How to Save Money Despite the Price Hike

Smart Negotiation Tips

Negotiating insurance, accessories, and exchange value can help.

Exchange and Corporate Offers

Exchange bonuses and corporate discounts can reduce the final price.

What Existing MG Owners Should Know

Service and Maintenance Costs

Service costs are expected to remain stable.

Warranty and Spare Parts Pricing

MG has assured customers of continued support and availability.
 

FAQs

1. When will MG increase car prices?

MG is expected to revise prices from early next year, likely January.

2. Will all MG models become expensive?

Yes, most MG cars, including EVs, are expected to see a price hike.

3. How much price hike should buyers expect?

The increase is estimated between 2% and 4%, depending on the model.

4. Is it better to buy an MG car now?

Yes, buying before the hike can help you save money.

5. Will MG reduce discounts after the price hike?

Discounts may reduce, especially on popular models. 

Conclusion

MG’s decision to hike prices next year reflects the reality of rising costs across the auto industry. While the increase may strain budgets, smart planning, early purchases, and exploring offers can help buyers save money. If you’re considering an MG car, now might be the best time to act before prices climb higher.