Droom, India’s leading automobile e-commerce platform, conducted a study to find out which SUV offers the best resale value. In a rigorous comparative analysis, the MG Hector Diesel emerged victorious against formidable rivals such as the Hyundai Creta, Tata Harrier, Mahindra XUV700, Mahindra XUV300, Kia Seltos, and Hyundai Alcazar. It secured an extraordinary 85% resale value cementing its position as an industry leader in the highly competitive SUV segment compared to its peers within the same price range. This distinction speaks volumes about the enduring legacy of the vehicle. Renowned for its reliability, the MG Hector Diesel is engineered to withstand the test of time, ensuring that its value remains intact for years to come.
Under the hood lies a powerhouse – a 2.0-liter turbocharged diesel engine delivering an impressive 170 horsepower and 350 Nm of torque. You have the choice between a seamless 6-speed manual transmission or a smooth 6-speed automatic, tailoring your driving experience to perfection. Inside, the Hector Diesel offers a spacious, comfortable, and meticulously designed interior.
Efficiency is another feather in the MG Hector Diesel’s cap. With a remarkable highway mileage of up to 21 kmpl*, it effortlessly outpaces its competitors. In comparison, competitors like the Creta and Harrier achieve around 18 kmpl. This fuel-efficient performance not only reduces your carbon footprint but also ensures a thrilling driving experience.
The MG Hector Diesel is more than a vehicle; it embodies a fusion of power and conscious luxury. Driven by an efficient diesel powertrain, the SUV delivers exhilarating performance, exceptional efficiency, and a commitment to sustainability. The groundbreaking engineering of the MG Hector Diesel significantly reduces its carbon footprint, setting new standards for eco-conscious design. Safety remains paramount in the MG Hector Diesel. Equipped with advanced safety features such as airbags, electronic stability control, and a precision-engineered rearview camera, it instills unshakable confidence in every drive. Its impressive 5-star rating in the ASEAN NCAP crash test underscores MG Motor India’s unwavering dedication to passenger protection.
A glimpse at the Resale Value Percentages:
MG Hector Diesel: 80-85%
Hyundai Creta: 60-65%
Tata Harrier: 55-60%
Mahindra XUV 700: 70-75%
Mahindra XUV 300: 50-55%
Kia Seltos: 60-65%
May vary in different driving conditions*
The rise in the popularity and market share of SUVs (Sport Utility Vehicles) in the Indian market is indeed a notable trend that continues to drive growth in the industry. Automakers are propelling the SUV market to new heights with their innovative and accessible offerings. SUVs has been seamlessly integrated with the preferences of the Indian consumers, emerging as a preferred choice for the customers. Their fusion of style, adaptability, and utility has struck a chord with a diverse array of individuals and families across the nation. This trend can be attributed to a multitude of factors, including better road infrastructure, the perceived safety advantages, evolving consumer desires, and the increasing availability of SUV models spanning various price ranges.
Among the total number of problems cited by new-vehicle owners in India,design- and defect-related problems have been cited almost equally, according to the J.D. Power 2023 India Initial Quality Study (IQS),SM released today. This is a different trend from previous years in which incidence of design-related problems has been higher. J.D. Power re-launched the India Initial Quality Study in partnership with NielsenIQ in 2022.
Initial quality is measured by the number of problems experienced per 100 vehicles (PP100) during the first month of ownership until six months, with a lower score reflecting higher quality. In this year’s study, the industry average stands at 122 PP100, unchanged from 2022.
• Younger owners difficult to satisfy: Owners 30 years of age and younger tend to have more
problems with their new vehicle. Owners in this age range average 136 PP100, which is 14 PP100 higher than the industry average.
• First-time buyers tend to cite more issues: First-time new-vehicle buyers have significantly more
problems with their new vehicle than repeat buyers (131 PP100 vs. 108 PP100, respectively).
Highest-Ranking Models
• Tata Tiago ranks highest in the compact segment with 112 PP100.
• Toyota Glanza ranks highest in the premium compact segment with 102 PP100.
• Hyundai Aura ranks highest in the entry midsize segment with 109 PP100.
• Volkswagen Virtus ranks highest in the midsize segment with 88 PP100.
• MG Astor ranks highest in the compact SUV segment with 71 PP100.
• Volkswagen Taigun ranks highest in the SUV segment with 87 PP100.
• Toyota Innova Hycross ranks highest in the MPV / MUV segment with 83 PP100.
The India Initial Quality Study measures problems experienced in two distinct categories: design-related problems and defects and malfunctions. The study includes specific diagnostic questions covering eight problem categories: exterior; driving experience; features/controls/displays; seats; audio/ communication/ entertainment/ navigation; heating/ventilation/air conditioning; interior; and engine/transmission.
The 2023 study is based on responses from 7,198 new-vehicle owners who purchased their vehicle from January through October 2023. The study was fielded from July through November 2023. NielsenIQ conducted face-to-face surveys in 25 major cities in India, asking more than 200 questions of vehicle
owners about their product experience in their initial months post purchase. After conducting the survey, the responses were cleaned for data quality and calculated. Brands included in the study are ranked according to aggregate score of problems per 100 vehicles, with a lower score indicating a better quality.
J.D. Power is a global leader in consumer insights, advisory services and data and analytics. A pioneer in the use of big data, artificial intelligence (AI) and algorithmic modeling capabilities to understand consumer behavior, J.D. Power has been delivering incisive industry intelligence on customer interactions with brands and products for more than 50 years. The world’s leading businesses across major industries rely on J.D. Power to guide their customer-facing strategies. J.D. Power has offices in North America, Europe and Asia Pacific.
NielsenIQ is the leader in providing the most complete, unbiased view of consumer behavior, globally. Powered by a groundbreaking consumer data platform and fueled by rich analytic capabilities, NielsenIQ enables bold, confident decision-making for the world’s leading consumer goods companies and retailers.
Using comprehensive data sets and measuring all transactions equally, NielsenIQ gives clients a forward-looking view into consumer behavior in order to optimize performance across all retail platforms. Our open philosophy on data integration enables the most influential consumer data sets on the planet. NielsenIQ delivers the complete truth.
