MG Comet EV Gets Price Hike in April: Here’s What You Need to Know
Attention MG fans! If you were considering the MG Comet EV, there’s some important information to consider. As of April 2024, the price of the electric vehicle has increased by Rs. 10,000 across all variants except the base Executive model.
Price Revision Breakdown
Previously, the MG Comet EV offered a budget-friendly entry point into the world of electric mobility. However, the recent price hike has affected all variants except the Executive, which starts at Rs. 6.99 lakh (ex-showroom). Here’s a quick breakdown of the new pricing:
- MG Comet EV Executive: Remains at Rs. 6.99 lakh (ex-showroom)
- MG Comet EV Excite & Exclusive: Increased by Rs. 10,000 (New prices to be announced)
Possible Reasons for the Price Hike
The exact reason behind MG’s decision to raise prices remains undisclosed. However, several factors could be at play, including:
- Rising input costs: The cost of raw materials used in car manufacturing has been steadily increasing globally. This could be a major factor behind the price hike.
- Upgraded features: There’s a slight possibility that MG might have introduced some additional features or upgrades to the Excite and Exclusive variants, justifying the price increase.
- Market positioning: MG might be strategically repositioning the Comet EV within the competitive landscape.
Still an Attractive Option?
Despite the price hike, the MG Comet EV remains a compelling option in the mid-range electric vehicle segment. Here’s what makes it worth considering:
- Competitive starting price (for the Executive variant): Even with the price revision, the MG Comet EV boasts a competitive starting price, especially when compared to other EVs in its category.
- Feature-rich: The MG Comet EV is expected to be equipped with a decent set of features, including a touchscreen infotainment system, connected car technology, and essential safety features.
- Spacious cabin: The Comet EV is known for its spacious cabin, making it a comfortable choice for families or those who frequently carry passengers.
Keep an Eye Out for Updates
MG is yet to officially announce the revised prices for the Excite and Exclusive variants. Stay tuned to MG’s official channels for the latest updates on pricing and any potential changes to features.
The Final Decision
The decision to buy the MG Comet EV ultimately depends on your budget and priorities. If you were eyeing the Executive variant, the price hike might not be a deal-breaker. However, if you were considering the Excite or Exclusive trims, it’s wise to compare the revised prices with other EVs in the market before making a final decision.