JSW MG Motor India on Thursday said it will raise vehicle prices by up to 2% across its product portfolio with effect from January 1, 2026. The increase will vary by model and variant.
The company said the revision is aimed at offsetting rising input costs and other macroeconomic pressures, and will apply to all vehicles sold in the Indian market.
Industry-wide trend of price hikes
The industry will likely follow this announcement. Luxury carmakers Mercedes-Benz India and BMW have said that they will increase prices from January 2026. Volvo is also expected to follow suit. BYD India has also announced a price hike effective the same month.
The announcement comes amid a broader industry trend. Luxury carmakers Mercedes-Benz India and BMW have said they will increase prices from January 2026, while Volvo is also expected to follow suit. BYD India has also announced a price hike effective the same month.
Earlier, mass-market players such as Hyundai, Honda and Skoda indicated price increases of 2–3%, citing higher input and operational costs. Mahindra has ruled out a routine January hike for now, but has left the door open for future increases if raw material costs rise sharply.
JSW MG Motor India is a joint venture between SAIC Motor and the JSW Group. It operates a manufacturing facility at Halol in Gujarat with an annual capacity of over 100,000 vehicles and supports around 6,000 direct and indirect jobs.
MG’s India portfolio
Founded in the UK in 1924, Morris Garages sells several models in India, including the MG Hector, ZS EV, Gloster, Astor, Comet and Windsor. The restructuring is being executed through a joint venture with its Chinese parent, SAIC Motor, under which control of MG Motor India’s operations will shift to the new entity. JSW Group is set to acquire a majority stake, estimated at between 35% and 51%, thereby assuming operational control, while SAIC will retain a minority holding.
