Automaker MG Motor India said it will “drive” an electric vehicle costing Rs 10-15 lakh by the end of the next fiscal. Currently, the company sells the electric SUV ‘ZS EV’ which is available in two variants, priced at Rs 21 lakh and Rs 24.68 lakh (ex-showroom). It plans to launch an electric crossover vehicle based on a global platform, but adapted for the Indian market as its next new product.
Rajeev Chaba, Chairman and Managing Director, MG Motor India said, “Our next product after the SUV Astor, we are thinking of an EV and now we are very much encouraged by the Government with absolute clarity that the EV should go. is the way.” , “We have decided that we are going to introduce EVs by the end of the next financial year.”
On the expected price, he said it would range from Rs 10 lakh to Rs 15 lakh and would target the mass of personal electric mobility. Chaba said, “It is really a one-of-a-kind crossover and it is going to be based on a global platform that we are going to develop and it will be an EV to mass market for all emerging markets including India. “
Also read: Uttar Pradesh Has The Most Electric Vehicles In India
“We will customize this car to suit the range and Indian regulations and tastes of the customers. It will be specially designed for India. We will start working on it now,” he added. Further, he added that in order to meet the government’s guidelines for Production Linked (PLI) scheme for the auto sector, MG Motor India will localize a lot of parts for its next EV.
These will include the battery assembly, motor and other parts. Currently, the company offers Hector, ZS EV and Gloster.
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