HomeCar NewsMG Hector prices increased - New prices vs Old prices comparison

MG Hector prices increased – New prices vs Old prices comparison

MG Hector prices increased

MG Motors, having successfully launched the new Hector mid size SUV on 27th June 2019 at Rs.12.18 lakhs, found an overwhelming spate of bookings. Booking numbers crossed the 28,000 mark, within 22 days of launch. With production capacity at only 1,500 units a month, MG India decided to shut down taking any further booking orders as they were sold out for the year 2019.

With production now increased to 3,000 units, MG India has announced the re-opening of bookings from today. Booking amount is Rs 50,000. You can book the car at either of the 120+ centers of MG in India.

But, for those who book the MG Hector today onwards, there is a price hike of approx 2.5%, depending on variant. This translates in increase of prices of up to Rs 40,000. Below is the detailed prices of MG Hector – new vs old prices.

MG Hector old vs new prices

MG India says, “During the latest booking period, any new Hector booking will reflect marginal price increase of approximately 2.5% (depending on the variant). However, the price at the time of delivery will prevail. As a special, first-of-its-kind gesture, customers who had booked MG Hector in the first phase will be protected from the price increase.”

MG Hector price hike comes at a time when rivals are selling cars at huge discounts. Tata Harrier is being sold at discount benefit of Rs 80,000, Jeep Compass discount is at up to Rs 1.5 lakh, Mahindra XUV500 benefits of up to Rs 1 lakh, Hyundai Creta benefits of up to Rs 1 lakh.

MG Hector new Prices

After closing the booking in July, MG India had created a registered waitlist of customers. These will be given preference in booking the MG Hector. There are about 15,000 in this registered wait list. In spite of increasing the production to 3,000 units from this month, MG India will not be able to meet demand, and those who book in the second batch of booking, will only get delivery in 2020.

MG Hector production is a lot more than what the entire segment combined. The segment includes the likes of Jeep Compass, Tata Harrier and Mahindra XUV500. MG Hector is powered by a 1.5 liter turbocharged inter-cooled petrol engine offering 143 PS power and 250 Nm torque. The 2.0 liter turbocharged diesel engine makes 170 PS power and 350 Nm torque.

Barely has the MG Hector been launched, that the company is also testing the a more premium Hector variant, which is expected to be launched by April 2020. This Hector facelift will be a six seater premium variant. It has been spied on test and will boast of three rows of seating, a large honeycomb grille and split type LED DRLs along with several other cosmetic upgrades.

2020 MG Hector facelift will also be around 40mm longer than its current counterpart with interiors sporting captain seats in the second row. Besides competing with the Toyota Innova Crysta, the 6 seater Hector will also take on the Tata Buzzard and next gen Mahindra XUV500 and 7 seater Hyundai Creta.

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