MG Motor India has revealed that the brand will soon be launching a new electric vehicle in the Indian market. The brand announced that the EV would come with a price tag between INR 10 to INR 15 lakh ex-showroom. The car will make its debut by the end of next fiscal. This will further enhance MG’s position in the electric vehicle segment in the Indian market. The new electric vehicle will be an electric crossover vehicle based on the global platform, which MG will customise for the Indian market.
MG’s Electric Vehicle Strategy In-Line with the Government of India
MG’s new electric vehicles are in line with the Government of India’s EV strategy. The Government of India, along with various state governments, are offering multiple subsidies to electric vehicle manufacturers under the FAME II scheme. The government is also offering various incentives along with tax benefits to customers, as well. MG has revealed that the company will meet the government’s guidelines for the production linked (PLI) scheme for the auto sector. This means that MG Motor India will localise many parts for its following EV. The localisation will include battery assembly, motors and other parts.
Electric Vehicle Charging Infrastructure
The brand is also quite encouraged thanks to the EV future. Various electric vehicle manufacturers, including MG, are also working towards developing electric vehicle charging infrastructure in the country. The charging eco-system will encourage more citizens to adopt electric vehicles in the country by reducing the range anxiety.
MG Electric Vehicles in India
Currently, MG offers the MG ZS EV in the Indian market. The electric vehicle is available in two variants priced between INR 21 lakh ex-showroom and INR 24.8 lakh ex-showroom. MG currently offers the MG ZS EV with a 5-year unlimited kilometre warranty at no extra cost. This is also extendable for to up to 8yrs / 1.5 lakh kilometre warranty on the Battery Pack. MG also offers Roadside Assistance (RSA) for five years and five Labour-free Services under the MG eShield package.
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