Leading global Auto Maker, MG Motor India has hinted that a new electric vehicle EV priced below Rs.20 Lakh could be launched in the country within the span of two years.
The market for electric vehicles has been growing at a substantial level, right from the day EVs were initially introduced to the Indian roads. The demand for electric vehicles has been climbing up the charts of sales making it a lucrative business. Since EVs are a sustainable means of mobility and a solution to the growing carbon footprint, subsidies are provided by the Government to initiate better purchasability within the growing population.
At this juncture, EV makers in the country are further benefiting their customers with vehicles that are superior in features and comfort. One such popular EV maker in the country that will be introducing its latest creation is MG Motor.
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MG Motor India has hinted that a new electric vehicle EV priced below Rs. 20 Lakh mark could be launched in the country within the span of two years.
"We are pleased with our electric vehicle (MG ZS EV) and its performance till now. We intend to launch more electric cars in the future and hopefully, we can look at a car below Rs 20 lakh as our second EV in the future," MG Motor India President and Managing Director Rajeev Chaba told PTI
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When asked about the timeline for the product launch, Chaba said, "We are not defining the timelines now due to the COVID situation and shortages of essential materials, especially chips. So hopefully in two years, we can do it."
He added that the Government of India has already reduced the tax imposed on the purchase of electric vehicles and the only task left for the Government to focus on is the setting up of charging infrastructure. The connectivity and implementation of proper charging infrastructure could drive other EV makers around the globe to our country.
"Both the government and industry are working on it. Hopefully, things would again pick up once COVID thing subsides," Chaba said.
MG Motor India is also looking forward to introducing a mid-sized SUV probably by the end of 2021. The focus of the company is to fully utilize its Halol-Based manufacturing facility which has the capacity to roll out one lakh cars per year.
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