MG Motor to Implement Price Hike from April 2026
MG Motor plans a 2% price hike on select vehicles starting April 1, 2026, following global raw material shortages and manufacturing costs increase, while premium models like the MG M9 are exempt.
Highlights
- •Price Increase: Up to 2% from April 1, 2026
- •Hiked Models: Except premium 'MG Select' products
- •Rising Expenses: Due to raw material prices
- •Industry Trend: Tata Motors and Hyundai also planning price hikes
MG Motor, a subsidiary of JSW Group in India, has announced a planned price hike starting April 1, 2026. The company will increase the prices by up to 2% on select vehicles due to escalating raw material costs and broader economic pressures.
Achieving automotive dominance through innovative eco-friendly models like the MG Comet EV, which starts at ₹4.99 lakh, and premium SUVs such as the MG Gloster priced over ₹38 lakh, the company is set to see a 2% markup in on-road prices affecting all rugged models except its top-tier 'MG Select' offerings.
Impact on Premium Vehicles: Despite the overall price increase, premium models like the MG M9 and MG Cyberster are exempt from this hike. This decision is to ensure continued value for high-end customers who have been largely insulated from broader market fluctuations.
Market Reaction
This move isn't unique to MG Motor, as Tata Motors has also announced a price increase, effective April 1st, across its line-up of passenger and commercial vehicles. Similarly, Hyundai and Audi are preparing to adjust their pricing strategies amid severe raw material shortages and inflated logistics costs.
Raw material prices have surged globally, particularly for copper, directly impacting the cost of vehicle manufacturing. Automakers like JT Automotive, who are part of a broader industry trend towards higher prices, need to offset these rising expenses while maintaining customer satisfaction and market competitiveness.
The 2% price increase will see a noticeable shift in cost, affecting models such as the MG Hector, which could see an increase ranging from ₹25,000 to ₹30,000. This adjustment aims to preserve long-term profitability amid current economic conditions but brings forward increased financial pressure for customers.
