MG Motor has decided to hike the prices of its SUVs in India. According to the company, the new updated price will be effective from January 2023 onwards.
That being said, MG Motor India is looking forward to hike the prices of its SUVs up to Rs 90,000. However, the automaker is yet to release a more detailed price breakup.
In recent times, many car makers in India has announced price hikes and following this trend, MG Motor is also gearing up to hike the prices of all its models sold in India. However, the Chinese-owned British automaker is yet to reveal the cause of the price hike that will come into effect from January 2023 onwards.
It is also worth mentioning that a few car makers in India have blamed the rising input costs for their respective decision on the price hike. As such, it is safe to assume the increased input cost to be the reason behind MG Motor India’s business strategy involving the price hike from January 2023 onwards.
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With the new price hike ready to be implemented from the beginning of 2023, it would be wise to buy the respective MG SUV now if you are planning to buy one for yourself as such a decision could save up to Rs 90,000. Moreover, interested customers could also get good year-end discounts as well.
Moreover, with the news of MG’s upcoming price hike, many interested customers could be flocking towards the MG showrooms across the country to buy their respective MG SUVs. This sales push achieved will not only boost the overall sales figures for MG Motor India, but it will also help the automaker improve its market share in the country.
Thoughts About MG Motor’s Upcoming Price Hike
While price hikes generally result in a dip in overall sales figures, announcing the price hike for the next year and introducing better offers during the year-end generally creates an urgency among customers. This can be leveraged to close the deals and further increase the overall sales figures.
Keyword: MG Motor To Hikes Prices Of Its SUV From January 2023 – Price Hike Up To Rs 90,000