Ad

Ad

Ad

Ad

New MG Electric Car Launch Confirmed for 2024 Festive Season

By
Robin Kumar Attri
Robin Kumar Attri
|Updated on:20-Feb-2024 12:26 PM

Share via:


Follow Us:

google-news-follow-icon
noOfViews-icon

94,586 Views



ByRobin Kumar Attri

Updated on:20-Feb-2024 12:26 PM

noOfViews-icon

94,586 Views

share-icon

Follow Us:

google-news-follow-icon

MG Motor India confirms a new electric car launch around the 2024 festive season, anticipating increased production capacity and potential Baojun Yep eSUV introduction.

New MG Electric Car Launch Confirmed for 2024 Festive Season

Key Highlights

  • MG Motor India to launch third electric vehicle in 2024 festive season
  • Rajeev Chaba confirms expansion plans
  • Production capacity increase at the Gujarat plant
  • Baojun Yep eSUV potential contender
  • EVs contribute 25% to MG's sales volumes
  • MG aims to double its portfolio by 2025

MG Motor India, a prominent player in the Indian automotive market, is set to launch its third electric vehicle during the upcoming festive season. Rajeev Chaba, Managing Director of MG Motor India, has officially confirmed the plans, highlighting the company's commitment to the growing electric vehicle (EV) segment in the country.

Electric Vehicles on the Rise in India

With the Indian economy flourishing, consumers are increasingly focused on enhancing their car ownership experience. Electric vehicles, known for their lively performance and eco-conscious appeal, have gained traction. Currently constituting around 2% of all passenger vehicles sold in India, industry speculations suggest that EVs could represent 15% to 20% of the market by the end of the decade.

MG's Contribution to the EV Trend

Recognizing the evolving trend, MG Motor India has been actively participating in the electric car segment, with the ZS EV and Comet already in its portfolio. EVs currently contribute to 25% of MG Motor India’s sales volumes, and the upcoming launch is expected to further boost this share.

Confirmation from MG Motor MD

Ad

Ad

New MG Electric Car Launch Confirmed for 2024 Festive Season

Rajeev Chaba, MD of MG Motor India, has officially confirmed the launch of a new electric car later this year. This marks a significant step for MG Motor, possibly being the first vehicle under MG branding following the strategic joint venture between SAIC Motor and JSW Group.

Expansion Plans and Increased Production Capacity

There are indications of a potential increase in production capacity at MG’s Halol plant in Gujarat. The company sold around 60,000 vehicles in India last year, and the production capacity is expected to expand to 80,000 to 90,000 units in 2024. The infusion of capital from JSW Group, holding a 35% stake, is anticipated to provide the necessary impetus for MG to expand its operations in India.

New MG Electric Car Launch Confirmed for 2024 Festive Season

What to Expect?

MG Motor India aims to double its portfolio by the end of 2025, with the new electric vehicle slated for launch during the festive season of 2024. Potential vehicles include the MG4 electric hatchbackMG5 electric estate car, or Mifa 9 electric MPV, as showcased at the 2023 Auto Expo.

The Baojun Yep eSUV – A Strong Contender

Considering the prospective vehicles from SAIC Group’s global portfolio, the Baojun Yep eSUV under MG branding might be the best bet for India. Based on the Wuling Air EV, introduced in India as the Comet, its attractive design and relatively affordable price tag could make it a winning formula for MG Motor India in the competitive Indian EV market.

CarBike360 Says

As MG Motor gears up for its latest electric vehicle launch, anticipation and excitement among Indian consumers continue to grow, reflecting the country's shifting automotive landscape towards sustainable and eco-friendly mobility solutions.

Source: Rushlane


Follow Us:

whatsapp-follow-icon
instagram-follow-icon
youtube-follow-icon
google-news-follow-icon

More News

Hero to Expand its 440 Segment, Trademarks Mavrick 440 Scrambler Name

Hero to Expand its 440 Segment, Trademarks Mavrick 440 Scrambler Name

Hero trademarks Maverick 440 Scrambler, expanding lineup after X440 success. Promises thrilling ride for enthusiasts, tapping into scrambler segment demand.

22-Apr-2024 09:47 AM

Read Full News
Hero to Expand its 440 Segment, Trademarks Mavrick 440 Scrambler Name

Hero to Expand its 440 Segment, Trademarks Mavrick 440 Scrambler Name

Hero trademarks Maverick 440 Scrambler, expanding lineup after X440 success. Promises thrilling ride for enthusiasts, tapping into scrambler segment demand.

22-Apr-2024 09:47 AM

Read Full News
Mahindra XUV.e9 Spotted Testing; India Launch Expected in Q1 of 2025

Mahindra XUV.e9 Spotted Testing; India Launch Expected in Q1 of 2025

Mahindra's XUV.e9, a highly anticipated electric coupe SUV, is set to challenge the EV landscape in India, competing with Tata's Curvv EV and MG's ZS EV. With unique design cues like an EV-specific front fascia, vertically positioned taillights, and a distinctive curved light bar, the XUV.e9 signals Mahindra's commitment to innovation in the burgeoning electric vehicle market.

22-Apr-2024 09:32 AM

Read Full News
Mahindra XUV.e9 Spotted Testing; India Launch Expected in Q1 of 2025

Mahindra XUV.e9 Spotted Testing; India Launch Expected in Q1 of 2025

Mahindra's XUV.e9, a highly anticipated electric coupe SUV, is set to challenge the EV landscape in India, competing with Tata's Curvv EV and MG's ZS EV. With unique design cues like an EV-specific front fascia, vertically positioned taillights, and a distinctive curved light bar, the XUV.e9 signals Mahindra's commitment to innovation in the burgeoning electric vehicle market.

22-Apr-2024 09:32 AM

Read Full News
VIDA Collaborates with Procam International for the TCS World 10K Bengaluru 2024

VIDA Collaborates with Procam International for the TCS World 10K Bengaluru 2024

VIDA V1 partners with TCS World 10K Bengaluru 2024 to promote sustainable mobility, marking Hero MotoCorp's commitment to eco-friendly transportation solutions and a greener future.

22-Apr-2024 07:35 AM

Read Full News
VIDA Collaborates with Procam International for the TCS World 10K Bengaluru 2024

VIDA Collaborates with Procam International for the TCS World 10K Bengaluru 2024

VIDA V1 partners with TCS World 10K Bengaluru 2024 to promote sustainable mobility, marking Hero MotoCorp's commitment to eco-friendly transportation solutions and a greener future.

22-Apr-2024 07:35 AM

Read Full News
New Honda Activa Electric to Launch in 2025

New Honda Activa Electric to Launch in 2025

Get ready for the future of urban mobility! Honda's highly anticipated Activa Electric is set to launch in 2025, featuring cutting-edge specs and contributing to the EV revolution in India.

22-Apr-2024 06:52 AM

Read Full News
New Honda Activa Electric to Launch in 2025

New Honda Activa Electric to Launch in 2025

Get ready for the future of urban mobility! Honda's highly anticipated Activa Electric is set to launch in 2025, featuring cutting-edge specs and contributing to the EV revolution in India.

22-Apr-2024 06:52 AM

Read Full News
Carbike360 Weekly Wrap Up | New 3XO teaser, Triumph, Aprilia Launches and more

Carbike360 Weekly Wrap Up | New 3XO teaser, Triumph, Aprilia Launches and more

Discover the latest updates in the world of cars and bikes with Carbike360 Weekly Wrap Up. Get insights on the new 3XO teaser, Triumph, Aprilia launches, and more.

21-Apr-2024 08:06 AM

Read Full News
Carbike360 Weekly Wrap Up | New 3XO teaser, Triumph, Aprilia Launches and more

Carbike360 Weekly Wrap Up | New 3XO teaser, Triumph, Aprilia Launches and more

Discover the latest updates in the world of cars and bikes with Carbike360 Weekly Wrap Up. Get insights on the new 3XO teaser, Triumph, Aprilia launches, and more.

21-Apr-2024 08:06 AM

Read Full News
Nissan India Opens New Showroom, Display & Service Center in Delhi, Expands Reach To 270 Touchpoints

Nissan India Opens New Showroom, Display & Service Center in Delhi, Expands Reach To 270 Touchpoints

The launch of the new touchpoints brings Nissan’s high-quality sales and service experience to customers in New Delhi and marks a significant milestone in Nissan’s continuing journey towards customer centricity.

20-Apr-2024 06:47 AM

Read Full News
Nissan India Opens New Showroom, Display & Service Center in Delhi, Expands Reach To 270 Touchpoints

Nissan India Opens New Showroom, Display & Service Center in Delhi, Expands Reach To 270 Touchpoints

The launch of the new touchpoints brings Nissan’s high-quality sales and service experience to customers in New Delhi and marks a significant milestone in Nissan’s continuing journey towards customer centricity.

20-Apr-2024 06:47 AM

Read Full News

Ad

Ad

Explore Other Cars Brands

Cars In India

Mahindra Bolero Neo Plus

Mahindra Bolero Neo Plus

₹ 11.39 - 12.49 Lakh

Skoda Superb Facelift

Skoda Superb Facelift

₹ 54.00 Lakh

Toyota  Urban Cruiser Taisor

Toyota Urban Cruiser Taisor

₹ 7.73 - 13.03 Lakh

Lexus LM

Lexus LM

₹ 2.00 - 2.50 Cr

Hyundai Creta N Line

Hyundai Creta N Line

₹ 16.82 - 20.45 Lakh

Toyota bZ4x

Toyota bZ4x

₹ 70.00 Lakh

MG 4

MG 4

₹ 15.00 - 21.00 Lakh

Audi Q8 2024

Audi Q8 2024

₹ 1.17 Cr

Nissan X-Trail

Nissan X-Trail

₹ 26.00 - 32.00 Lakh

Ad

Ad

Ad