JSW MG Motor India to hike prices by up to 2% from April 1; premium EVs excluded

on Monday announced a price increase of up to 2% on select models, effective April 1, 2026, citing sustained pressure from rising .

The hike will apply to the company’s core lineup, while its premium — and — retailed via the MG Select channel, will remain unaffected.

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In a statement, the automaker said the revision is intended to partly cushion the impact of escalating production expenses.

JSW MG Motor India currently offers a mix of internal combustion engine (ICE) and electric vehicles in its portfolio, ranging from the entry-level Comet EV — priced at Rs 4.99 lakh (plus Rs 3.2/km battery subscription) — to the top-end Gloster SUV at Rs 38.33 lakh.

Earlier this month, said it would increase prices of its by up to 1.5% from April 1 to partially offset rising and input costs, according to a Reuters report.

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The company’s passenger vehicle arm, Tata Motors Passenger Vehicles Ltd, had also flagged a potential in February amid sustained cost pressures. Managing Director and CEO Shailesh Chandra said the automaker has been grappling with elevated input costs for nearly a year, driven largely by increases in prices of commodities such as precious metals and copper, which have had a material impact on its cost structure.

The trend is visible across the auto industry, with several manufacturers either announcing or considering price revisions. Audi India has already announced a price hike of up to 2% from April 1, while Hyundai Motor India has also indicated similar moves.

Meanwhile, Maruti Suzuki India Ltd is reviewing a possible price increase, with senior executive Partho Banerjee noting sharp rises in commodity costs, particularly precious metals, amid ongoing geopolitical uncertainties.

(With inputs from agencies)