MG to hike prices by up to Rs 90,000 from January 2023

Brands like Maruti Suzuki, Kia, Jeep and Renault will also be increasing the prices of their models from January 1.

MG Motor India has announced a price hike across its product range from January 1, 2023. Prices will be increased by up to Rs 90,000.

MG is not the only carmaker to announce a price hike. It’s common practice for brands to increase prices in the new year. This is usually down to offset rising input costs, currency fluctuations, etc.

Brands like Maruti Suzuki, Kia, Jeep and Renault will be increasing the prices of their models from January 1. Premium brands like Mercedes-Benz and Audi have also confirmed a price hike.