New Delhi. The beginning of the new year may prove costly for the customers of JSW MG Motor. The company has announced that from January 1, 2025, the prices of all its models will increase by up to 3%. This decision has been taken due to rising input costs, exchange rate impact and increase in logistics costs.
JSW MG Motor India said in its statement that this change in prices is the result of continuously increasing production costs and external factors. Explaining this decision, the company’s Chief Commercial Officer Satinder Singh Bajwa said that JSW MG Motor is dedicated to quality, innovation and sustainability. He said that this slight price increase is necessary to deal with the increasing costs. However, the main objective of the company is to minimize its impact on customers.
Before this decision of the company, other big vehicle manufacturing companies have also announced to increase the prices of their vehicles. Hyundai India has announced an increase in prices of all its models by up to Rs 25,000, which will be effective from January 1, 2025. At the same time, Maruti Suzuki has also decided to increase the prices of all its models by up to 4%. The company has said that this increase is being done due to increase in production cost and operational expenses.
The impact of rising inflation and production costs can be clearly seen in the automobile sector in India. These companies say that due to rising input costs and inflation, it has become their compulsion to increase prices. However, efforts are being made to keep its impact on customers minimal.
Customers planning to buy a car in the new year will now have to pay higher prices. In such a situation, this news may be disappointing for many customers, because due to rising prices their budget may come under pressure. Nevertheless, automobile companies are trying to improve and maintain the quality of their products despite these challenges.
Tag: auto news, MG Motors
first published : December 9, 2024, 11:21 IST
