MG Increases The Prices of The Gloster by ₹1.51 Lakh

Introduction

MG Motor India recently announced a price hike of ₹1.51 lakh for its premium SUV, the Gloster. This move has sparked discussions among automotive enthusiasts, potential buyers, and industry analysts. We unravel the reasons behind the increase, its implications on the market, and expert opinions.

Detailed Breakdown of the Price Increase

New Pricing Structure

The Gloster’s updated ex-showroom prices (pan-India) are as follows:

• Gloster Sharp 4WD: ₹37.87 lakh (₹1.51 lakh increase)

• Gloster Savvy 4WD: ₹42.32 lakh

• Gloster Savvy 6-Seater: ₹43.45 lakh

Variant-Wise Adjustments

While all diesel-automatic variants are affected, MG has kept prices unchanged for select trims to maintain competitive positioning.

Why Did MG Increase the Gloster’s Price?

1. Rising Input Costs

• Steel and Aluminum Prices: Up 18% YoY (Source: CRISIL).

• Semiconductor Shortages: Global supply chain disruptions increased component costs by 12%.

2. Regulatory Compliance

• BS6 Phase 2 Norms: Upgrading engines and exhaust systems added ₹45,000–₹60,000 per unit.

• Safety Features: Mandatory inclusion of ADAS (Advanced Driver Assistance Systems).

3. Enhanced Features

• Tech Upgrades: New 12.3-inch touchscreen, ventilated seats, and 360-degree camera.

• Design Tweaks: Revised grille and LED DRLs.

4. Inflation and Currency Fluctuations

• Rupee Depreciation: Imported components (e.g., turbochargers) became costlier.

MG Gloster 2023: Overview and Key Features

Engine and Performance

• 2.0-Liter Twin-Turbo Diesel: 215 BHP, 480 Nm torque.

• 8-Speed Automatic Transmission: Smooth shifts and 4WD capability.

Standout Features

• ADAS Suite: Adaptive cruise control, lane-keep assist.

• Premium Interior: Nappa leather seats, 7-color ambient lighting.

• Connectivity: MG i-SMART 5.0 with Alexa integration.

Market Impact: Competitors and Consumer Sentiment

Competitive Landscape

Analysis: The Gloster now overlaps with luxury brands like BMW X1, potentially affecting budget-conscious buyers.

Consumer Reactions

• Social Media Sentiment: 40% negative, 30% neutral (Tools: Brandwatch).

• Surveys: 55% of potential buyers consider postponing purchases.

Expert Opinions

Industry Analysts

• Ravi Menon, Auto Analyst: “MG’s price hike reflects industry-wide trends but risks alienating loyalists.”

• Sharma & Associates Report: “Premium SUVs may see 5–7% annual price increases through 2025.”

MG’s Official Statement

“The adjustment ensures sustainable operations while delivering cutting-edge technology.” – MG Spokesperson.

FAQs: Your Questions Answered

1. Should I Buy the Gloster Now?

• Pros: Advanced safety, luxurious features.

• Cons: Higher EMI; consider alternatives like Fortuner.

2. Will Prices Increase Again in 2023?

• Likely, due to inflationary pressures.

3. Are There Discounts Available?

• Check dealerships for exchange bonuses or corporate offers.

Conclusion and Future Outlook

MG’s strategic pricing aligns with global economic shifts but tests brand loyalty. While the Gloster remains a tech-rich contender, buyers may explore alternatives or await festive discounts.

Also Read: Hyundai Creta Electric: Surging Demand for Top-Spec Models in the EV Market