Limited-time price reductions on the Hector and Astor vehicles by MG, with starting prices at 990,000 rupees.
In a bid to attract customers during the festive season, MG Motor India has announced a series of discounts and financing offers on several of its models, including the MG Hector, Hector Plus, MG Astor, and upcoming vehicles like the MG 5 Estate, MG Euniq 7, and MG Cyberster EV.
The MG Hector and Hector Plus, key models in MG's Indian lineup, are receiving up to ₹2.3 lakh discount as part of MG Motor India's 6-year anniversary offer. The discounts vary by variant, with the MG Hector Sharp Pro 1.5P MT petrol 5-seater now available at an effective ex-showroom price of ₹19.59 lakh, a reduction of ₹2.14 lakh from the original price. The Hector Plus 6-seater trims get up to ₹2.30 lakh off, with the Sharp Pro 1.5P MT priced at ₹19.60 lakh after discount.
The MG Astor, a sub-compact SUV, also enjoys discounts up to ₹95,000 as part of recent offers. The MG Cyberster EV, an upcoming electric vehicle, is yet to have a track test review published, but its base price is expected to be ₹75 Lakhs.
In addition to these discounts, MG Motor is offering attractive financing options such as 100% on-road funding and EMI holiday options to ease purchase during the festive period. For instance, EMI examples for MG Hector loans, with a 9.8% interest rate and a 60-month tenure, start from roughly ₹38,000 per month, depending on variant and down payment. Down payments can range from about ₹1.9 lakh to ₹2.5 lakh for higher trims.
It's important to note that prices and discounts vary significantly by variant and fuel type, with base variants seeing smaller or no discounts sometimes. Offers are limited period and often tied to stock availability and festival seasons. Diesel and CVT variants of the MG Hector are priced higher.
The MG 5 Estate and the MG Euniq 7, upcoming vehicles, are expected to have prices ranging from ₹50 - 60 Lakhs and ₹30 - 35 Lakhs respectively. The MG M9 EV, another luxury electric vehicle, has not had a track test review published yet.
MG Motor is using a pricing initiative to retain its competitiveness in the price-sensitive SUV market. The lower starting price on the MG Astor is part of a strategy to generate interest during the brand's anniversary phase. The MG Euniq 7, an upcoming electric vehicle, is expected to have an 84 kWh battery and a range of 605 km, while the MG Cyberster is an electric vehicle with a 77 kWh battery, offering a range of 580 km.
However, it's worth mentioning that the validity of the discounts on the MG Hector and Astor may vary based on variant and availability. EMI holidays are available at the discretion of associated financial institutions for MG vehicles. The MG Astor models with additional features like ADAS, ventilated seats, and i-SMART 2.0 are more expensive and not included in the special offer.
In conclusion, MG Motor India is offering substantial discounts (₹2 lakh to ₹3 lakh+) on the Hector (including Plus versions), up to ₹95,000 on the Astor, and attractive financing options such as full on-road funding and EMI holidays in India during mid-2025. These financing schemes are intended to lower the upfront ownership barrier.
The finance department of MG Motor India provides 100% on-road funding and EMI holiday options for customers, particularly during the festive season, to ease the purchase of their vehicles. The MG Astor, with base prices starting below ₹30 lakhs, is a significant player in the aerospace industry's price-sensitive SUV market, making a statement in both the lifestyle and finance sectors. The upcoming MG Euniq 7 is anticipated to have an 84 kWh battery, offering a range of 605 km, placing it in the competitive aerospace and finance domains.
