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MG Hector Tomahawk EV Prices Increased by Rs 75,800, PHEV by Rs 800
Sentiment: NeutralHigh Priority
What Happened?
MG Motor India has raised the prices of the Hector Tomahawk EV by up to Rs 75,800, while the PHEV variants see a smaller increase of Rs 800. The new prices range from Rs 20.24 lakh to Rs 27.79 lakh.
Key points
- The Hector Tomahawk EV is now priced between Rs 20.24 lakh and Rs 24.24 lakh.
- The PHEV variants are priced between Rs 25.69 lakh and Rs 27.79 lakh.
- The Excite seven-seater variant saw the largest price increase of Rs 75,800.
- The Hector Tomahawk EV features a 69.2kWh battery with a range of 517km.
- The PHEV combines a 1.5-litre petrol engine with an electric motor.
Key insights
- The significant price hike for the EV could influence its market competitiveness.
- Consumers may reconsider their choices in light of the new pricing.
- The PHEV's modest price increase suggests a stable demand for hybrid vehicles.
Why it matters
The price increase may affect consumer decisions regarding electric and hybrid vehicles.
Entities
MG Motor India· CompanyHector Tomahawk EV· ProductHector Tomahawk PHEV· Product
Source
India Today
