JSW MG Motor India Announces Price Hike Amid Rising Costs
JSW MG Motor India will raise vehicle prices by up to 1.5% from July 1. This decision is driven by increased input costs and macroeconomic factors. The company offers vehicles ranging from the Comet EV, starting at Rs 7.36 lakh, to the Gloster SUV at Rs 43.35 lakh.
- Country:
- India
JSW MG Motor India announced on Wednesday that it would increase the prices of its vehicles by up to 1.5% starting July 1. The company cited rising input costs and various macroeconomic influences as the reasons for this decision.
In a statement, the company highlighted the need to adjust prices to keep up with the economic pressures it faces. JSW MG Motor India offers a diverse range of vehicles, both conventional and electric.
Among its offerings, the company sells the Comet EV with a starting price of Rs 7.36 lakh and the SUV Gloster, which starts at Rs 43.35 lakh. These adjustments aim to balance the financial challenges without compromising on product offerings.
(With inputs from agencies.)
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