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On Monday, the major Japanese automaker Honda and the British automaker MG Motor announced their plans to raise the prices of their complete model lineup starting in January 2024. MG Motor stated in a statement, "This hike is owing to the rising costs attributed to overall inflation and increased commodity prices."
On Monday, the major Japanese automaker Honda and the British automaker MG Motor announced their plans to raise the prices of their complete model lineup starting in January 2024. MG Motor stated in a statement, “This hike is owing to the rising costs attributed to overall inflation and increased commodity prices.” Additionally, Honda Cars India Vice President of Marketing and Sales Kunal Behl announced that the business would “increase the prices of its cars from January 2024.” He stated that by the end of this month, the model-wise amount of increase will be finalized. Behl added that the Honda Elevate SUV’s initial pricing offer is good through December 23. The new prices take effect in January 2024. MG Motor said that it will launch exclusive year-end promotions that will go live at the end of December 2023. Prior to this, it was also confirmed that Audi, Mahindra, and Maruti Suzuki intended to raise the cost of their vehicles starting next month. Mercedes-Benz and Tata Motors are also considering the same in the meantime.
