MG is also eyeing the electric vehicle market. The carmaker currently offers the ZS EV in India. The carmaker wants to launch an affordable electric car in the Indian market. MG plans to launch an electric car in India at a price of Rs 12-15 lakh that can compete with the Tata Nexon EV and Tigor EV.
Recently, MG Motor India President Rajiv Chhaba had revealed that the company will launch an affordable electric car for the Indian market very soon. However, he did not reveal in which segment the next electric car will be launched and what will be its specifications. Currently, MG Motor India is selling the ZS EV in India. This electric SUV competes with the Tata Nexon EV and Hyundai Kona EV.
Let us tell you that MG has recently introduced its new electric car MG4, which is going to be launched in many countries by the end of this year. The MG4 will be the company’s affordable electric car in Europe. The company plans to sell 1,50,000 units of this electric SUV in a year.
It is being said that the MG4 can be launched in India as a budget electric car. However, the company has not yet confirmed this. Coming to the MG4, this electric car will offer a range of up to 450 km on a single charge. It can be brought in two battery options – 51 kWh and 64 kWh.
In recent times, due to the steep increase in fuel prices, consumer interest has increased towards electric vehicles. The demand for personal transportation resources has also increased due to the Corona epidemic. This has directly benefited the electric vehicles in the two-wheeler segment.
Only a select few companies are selling electric cars in the country. Currently Tata Motors is the largest manufacturer and seller of electric cars. The company is selling around 3,500 electric cars every month. On the other hand, MG Motor is getting bookings of around 1,000 units of the ZS EV every month. MG has already sold 5,000 units of its ZS EV.
Currently, MG Motor India is preparing to launch the base variant of its ZS EV. Currently, the company is selling the Excite and Exclusive variants of the ZS EV which are the top and mid variants. Its base variant is expected to be launched in August. The base variant may cost less than both the above variants. MG ZS EV Excite price starts at Rs 21.99 Lakh and Exclusive price at Rs 25.88 Lakh (ex-showroom).