MG Motor India has once again revised the prices of its popular mid-size SUV, the Hector, and its three-row sibling, the Hector Plus. This marks the third price adjustment for both SUVs within the last six months, further solidifying MG’s commitment to offering competitive pricing in the ever-evolving Indian automotive market.
A Strategic Move Towards Enhanced Competitiveness
While MG hasn’t officially disclosed the specific reason for this latest price revision, industry experts speculate that it’s a strategic move to further enhance the Hector and Hector Plus’ competitive edge against their rivals. By adjusting its pricing to be more attractive, MG aims to garner a larger share of the mid-size SUV segment.
Introducing New Variants and Revised Pricing:
This price revision coincides with the introduction of two new variants for the Hector: the Shine Pro and Select Pro. These variants replace the previously available Shine and Smart trims, respectively. Here’s a detailed breakdown of the revised prices for both SUVs:
MG Hector Price Revisions (Ex-showroom Delhi):
| Variant | Old Price (Lakhs) | New Price (Lakhs) | Difference (Lakhs) |
|---|---|---|---|
| Petrol | |||
| Style (Manual) | 14.95 | 13.99 | -0.96 |
| Shine (Manual) | 16.24 | N/A | N/A |
| Shine Pro (NEW) (Manual) | N/A | 16.00 | N/A |
| Smart (Manual) | 17.05 | N/A | N/A |
| Select Pro (NEW) (Manual) | N/A | 17.30 | N/A |
| Smart Pro (Manual) | 18.24 | 18.24 | No Change |
| Sharp Pro (Manual) | 19.70 | 19.70 | No Change |
| Shine CVT (Automatic) | 17.44 | N/A | N/A |
| Shine Pro CVT (NEW) (Automatic) | N/A | 17.00 | N/A |
| Smart CVT (Automatic) | 18.24 | N/A | N/A |
| Select Pro CVT (NEW) (Automatic) | N/A | 18.49 | N/A |
| Sharp Pro CVT (Automatic) | 21.00 | 21.00 | No Change |
| Savvy Pro CVT (Automatic) | 21.95 | 21.95 | No Change |
MG Hector Plus Price Revisions (Ex-showroom Delhi):
| Variant | Old Price (Lakhs) | New Price (Lakhs) | Difference (Lakhs) |
|---|---|---|---|
| Petrol | |||
| Style (Manual) | 16.44 | 17.00 | +0.56 |
| Select (Manual) | 17.94 | 18.00 | +0.06 |
| Sharp Pro (Manual) | 20.20 | 20.20 | No Change |
| Savvy Pro (Manual) | 22.35 | 22.35 | No Change |
| Style (Automatic) | 18.99 | 19.50 | +0.51 |
| Select (Automatic) | 19.99 | 20.49 | +0.50 |
| Sharp Pro (Automatic) | 22.70 | 22.70 | No Change |
| Savvy Pro (Automatic) | 24.85 | 24.85 | No Change |
Key Takeaways and Analysis:
Significant Price Reductions: The base-spec Style variant of the MG Hector petrol sees a substantial price cut of Rs 96,000, making it even more attractive to budget-conscious buyers.
Strategic Introduction of New Variants: The introduction of the Shine Pro and Select Pro variants aims to fill the gap between the existing trims and cater to a wider range of customer preferences.
Mixed Price Adjustments for Hector Plus: While the petrol variants of the Hector Plus witness a slight price increase on the base Style trim, the diesel variants receive a significant price reduction across all trims, potentially indicating a strategic move to boost sales of the diesel option.
Unchanged Prices for Top-end Variants: The top-end Smart Pro, Sharp Pro, and Savvy Pro variants of both the Hector and Hector Plus retain their previous pricing, suggesting that MG is confident in their positioning within the premium segment of the mid-size SUV market.
Frequently Asked Questions (FAQs):
Q: Why has MG revised the prices of the Hector and Hector Plus again?
A: MG hasn’t officially disclosed the specific reason, but industry experts believe it’s a strategic move to enhance their competitiveness against rivals in the mid-size SUV segment.
Q: What are the new variants introduced for the Hector?
A: MG has introduced the Shine Pro and Select Pro variants, replacing the previously available Shine and Smart trims, respectively.
Q: Which variant of the Hector has received the biggest price cut?
A: The base-spec Style variant of the MG Hector petrol sees a price reduction of Rs 96,000.
Q: Did the Hector Plus also receive price cuts?
A: The petrol variants of the Hector Plus witnessed a slight price increase on the base Style trim, while the diesel variants received significant price reductions across all trims.
