Car prices are going up in January 2024: As the year comes to a close, there’s a heads-up for a change in the car world. In the New Year, MG Motor plans to make its cars a bit pricier. They mentioned earlier this month that starting January 2024, the prices of their cars will go up.
And it’s not just MG—other popular brands like Maruti Suzuki, Hyundai, Tata Motors, Mahindra, Skoda, Citroen, Mercedes-Benz, Audi, and Volvo are also raising their prices from January. So, if you’re thinking of buying an MG car like Gloster, ZS EV, Hector, Aster, or Comet EV, be prepared to spend a bit more from January 1, 2024.
Car prices are going up in January 2024
But not all MG models will cost more. Let’s take a look at how much extra you’ll have to pay for each MG model starting January. The big SUV, Gloster, will see the highest price increase—it’s going up by INR 50,000.
Similarly, the ZS EV will cost an extra INR 45,000 from next month. After Gloster and ZS EV, the popular Hector range will also get pricier by INR 40,000. Earlier this year, in August, MG increased the prices of Gloster and Hector by INR 78,000. So, the price of Hector has gone up three times this year. More info about Car prices are going up in January 2024, They could become more expensive by up to Rs 50,000, Details.
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If you’re eyeing the MG Aster, get ready to spend an additional INR 25,000. India’s most affordable electric car, the MG Comet EV, will also see a price increase next month, but it’s not as much as its siblings. From January, the price of the Comet will go up by INR 15,000.
We don’t have all the details about why each model’s price is going up, but it’s believed to be because of increased costs in making the cars. This price change across the whole car industry might affect your decisions. Many car brands are offering special deals at the end of the year to sell off their cars before the new prices kick in.
So, if you’re planning to buy a car, it might be a good idea to visit the showrooms now before the prices go up. On another note about MG, this month, a big Indian company called JSW bought a 35 percent share in MG India. This is the first time JSW is getting into the car business. They are already in steel, cement, paints, e-commerce, and sports.
Now that Indian owners are on board, MG is gearing up to grow its operations in the country. Thanks to the fresh investment, we can look forward to seeing more car models from China in the Indian market. MG is also putting a lot of focus on charging spots, teaming up with local companies in recent years. They’re making it easier for you to charge up your ride!
