India, Dec. 22 -- The new year is about to begin, and with it comes a price hike for many popular cars in India. MG has revealed that both its electric and internal combustion engine models, including the Comet, Hector, and Cyberster, are set to become costlier by up to 2%. While the company has not yet disclosed the exact model-wise increase, it is expected to be announced soon.

The surge in prices is attributed to rising input costs and broader macroeconomic pressures, such as inflation and supply chain disruptions. For buyers, the upcoming MG price hike may lead to larger budgets for planned purchases, possible postponements of new-car purchases, and a greater tendency to explore alternative brands or used cars. Dealers, in turn, coul...