MG could launch affordable EV in India in 3-4 years

TusharK · 13th November 2019, 18:03

According to a media report, MG is planning to launch an affordable electric vehicle (EV) in India in the next 3-4 years. The carmaker will also set up a battery assembly unit in the country within 2 years.

MG could launch affordable EV in India in 3-4 years-mg-zs-ev.jpg

MG's first electric vehicle in India will be the ZS EV that is scheduled to be launched early next year. It will be followed by the setting up of the battery assembly unit. MG has already committed to invest Rs. 5,000 crore in India by 2025. This does not include the investment that will be required to set up the battery unit.

MG has partnered with Fortum, Delta Electronics India and eChargeBays to set up charging points at customers' residences, dealerships and public places.

Source

Link to Team-BHP News

ram87pune · 13th November 2019, 19:29

Affordable in what sense? Will it be a hatchback or a compact SUV? If we discount the E2O which costs less than 10 lakh rupees and is going to be discontinued soon, then we are left with no other EV this side of 20 lakh rupees.

I think it will depend upon the success of the EZS and how fast the charging infrastructure comes up. To me the term "affordable" means something which costs less than 15 lakh rupees at least. The Nexon EV could be the first truly affordable EV to launch next year.

coolkurt · 14th November 2019, 14:26

Quote:

MG Motor India is ready to launch its first electric vehicle in India – the MG eZS. The electric SUV is slated to go on sale in December, 2019. With Hyundai Kona electric in its sight, the MG e-ZS is estimated to be priced around Rs 25 lakh (ex-showroom). The British carmaker is also working on an affordable electric vehicle for India that will hit roads in the next 3-4 years, in the Rs 10-15 lakhs bracket.

With an investment of over Rs 5,000 crore, the company will set up a battery assembly facility for its electric vehicles in a couple of years. Talking to an online media publication, Rajeev Chaba, MG Motor India managing director, said that the company has technology and products and aims to lead the EV segment in the country.

MG is looking to take the lead in the electric space and put its first mover advantage to good use. The electric car segment is only going to grow, especially with the advent of more chinese players.

Image is representative.

Source

13th November 2019, 18:03	#1
TusharK Senior - BHPian Join Date: Jul 2017 Location: Pune Posts: 6,272 Thanked: 55,857 Times	MG could launch affordable EV in India in 3-4 years According to a media report, MG is planning to launch an affordable electric vehicle (EV) in India in the next 3-4 years. The carmaker will also set up a battery assembly unit in the country within 2 years. MG's first electric vehicle in India will be the ZS EV that is scheduled to be launched early next year. It will be followed by the setting up of the battery assembly unit. MG has already committed to invest Rs. 5,000 crore in India by 2025. This does not include the investment that will be required to set up the battery unit. MG has partnered with Fortum, Delta Electronics India and eChargeBays to set up charging points at customers' residences, dealerships and public places. Source Link to Team-BHP News
	(2) Thanks

13th November 2019, 19:29	#2
ram87pune Senior - BHPian Join Date: Sep 2019 Location: Pune Posts: 1,265 Thanked: 7,028 Times	Re: MG could launch affordable EV in India in 3-4 years Affordable in what sense? Will it be a hatchback or a compact SUV? If we discount the E2O which costs less than 10 lakh rupees and is going to be discontinued soon, then we are left with no other EV this side of 20 lakh rupees. I think it will depend upon the success of the EZS and how fast the charging infrastructure comes up. To me the term "affordable" means something which costs less than 15 lakh rupees at least. The Nexon EV could be the first truly affordable EV to launch next year.
	(1) Thanks