MG Motors’ Next Car Is ₹ 10 Lakh Electric SUV

EV Ultimo Team


MG Motors’ Next Car Is ₹ 10 Lakh Electric SUV

MG Motor India has assured that it is preparing to drive in an all-new electric vehicle in the ₹ 10-15 lakh price range by the next financial year (April 2022 to March 2023 period). The British manufacturer presently has the Hector, Hector Plus, Gloster, ZS EV and Astor in its domestic lineup and is analyzing to expand the range with new electric cars.

The brand presented the Hector midsize SUV in 2019 and it was followed by the ZS EV, which even acquired a mild update earlier this year. The Astor, on the other hand, is the petrol-powered ZS sold in the international market and it has been well received amongst customers as the first batch of 5,000 units were sold out in no time and the reservations are now taken for 2022 delivery.

To comply with the central government’s guidelines for the production linked (PLI) scheme for the automotive sector, MG will localise a lot of components for its forthcoming electric vehicles, like battery assembly, motors, and localization of other parts to be priced competitively. Currently, the ZS EV is priced at ₹ 21 lakh and ₹ 24.68 lakh (ex-showroom).

The chances of the MG electric crossover targeting the market share of Tata Nexon EV are high assuming that it is the best-seller in the passenger EV space by averaging more than 1,000 units per month.