MG India has announced a downward revision in ex-showroom prices of its ICE SUV range comprising Astor, Hector, and Gloster immediately after the lowering of GST rates by the government. The new prices have come into effect for spare parts as well as accessories. The base variant of the Astor can now be had at Rs 9.65 lakh, less than what it cost at launch in 2021. Prices for the Hector start from Rs 14 lakh, whereas the top-of-the-line Gloster carries a price tag of Rs 39.80 lakh. All mentioned prices are ex-showroom figures. Savings on different variants amount to anything between Rs 54,000 and Rs 3.04 lakh.
Also Read: TVS Apache RR 310, RTR 310 Get Cheaper After GST 2.0 – Check New Prices Here
Model-Wise Price Changes
- MG Astor: Price reduced by Rs 34,000; new starting
ex-showroom price is Rs 9.65 lakh (ex-showroom).
- MG Hector: Price dropped by Rs 49,000, now starting at Rs 14 lakh (ex-showroom).
- MG Gloster: Steepest cut of Rs 2.83 lakh, entry price now Rs 39.80 lakh (ex-showroom). Customers also stand to save up to Rs 3.04 lakh, depending on the variant.
Also Read: New GST Rates for Car And Bike Prices Live Updates: Thar Roxx, Creta, Hunter 350 Cheaper Now
Other Benefits And Context
Apart from the direct price benefit on account of GST revision, JSW MG has also announced additional benefits to customers. On the Gloster model, customers can now avail benefits up to Rs 3.50 lakh. The finance offers include 100% on-road funding and a three-month EMI holiday perfectly timed with the coming festive season.
This falls under the plan of JSW MG to help the government in its endeavour towards rationalisation of taxes so that it can lower the cost of ownership and revitalise the interest of customers in their vehicles. Analysts said that any such reductions could kindle demand in this particular segment well before Diwali, a time associated with higher buying activity.
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