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MG Motor India
JSW MG Motor India on Friday said it expects up to 65 per cent of its total sales to come from electric vehicles by the end of this year. The company, whose all-electric crossover utility vehicle Windsor has crossed 20,000 units cumulative sales milestone in six months, had 50 per cent of its sales from EVs in 2024. It had sold a total of 60,000 vehicles in 2024. At present, JSW MG Motor India sells three EV models -- ZS, Comet and Windsor -- and three internal combustion engine (ICE) vehicles -- Hector, Astor and Gloster. "EVs are constituting more than 60 per cent of sales in our M-o-M (month-on-month) sales in CY25. We will carry this momentum throughout the year and are confident that our EVs will drive 60-65 per cent of our total sales by year end," JSW MG Motor India Director Sales & Marketing, Rakesh Sen said. JSW MG Motor India is also expanding its new energy vehicle portfolio with MG Cyberster and MG M9, which will be retailed through its newly 'accessible luxury' ...
JSW MG Motor India will enter the 'accessible luxury' segment with plans to introduce four new energy vehicles in the next two years for which it is setting up a new retail channel brand, 'MG Select', according to company Chief Growth Officer, Gaurav Gupta. The company plans to set up exclusive experience centres in 12 cities across India in the first year. "With MG Select we will be bringing in four new products over the next two years to begin with," Gupta told PTI here. "We will be bringing in fresh, new platforms and products and these will be across the new energy vehicles (NEV) platform. So, it will have plug-in hybrids, hybrids and electric vehicles," said Gupta, however, he clarified that MG Select is not purely an EV channel. "The MG Select channel is for 'premium entry' of MG Motor India. It will bring in accessible luxury products for the new age customer of today," he added. At present the entry luxury car segment in India is at a price range of around Rs 45 lakh with
MG Motor India on Wednesday said it has joined hands with Hindustan Petroleum Corporation Ltd (HPCL) to expand EV charging infrastructure across the country. As per the collaboration, MG and HPCL will together install 50kW/60kW DC fast chargers at key locations covering highways and cities across India, the automaker said in a statement. The partnership focuses on providing convenience to EV users by increasing the availability of EV chargers during their long distance and intercity commutes, it added. "HPCL's vast network and significant presence in India will ensure that existing and prospective EV users across the country have convenient access to our charging solutions," MG Motor India Chief Growth Officer Gaurav Gupta said. HPCL Chief General Manager - Highway Retailing Rajdip Ghosh said the company has a nationwide network of over 22,000 fuel stations and is committed to a sustainable future by providing green fuel to the customers. Furthermore, HPCL aims to install 5,000 ..
MG Motor India on Thursday said it has signed an initial pact to deliver 3,000 EVs to integrated fleet electrification platform Vertelo in a phased manner. Both the entities have signed a memorandum of understanding to this effect. The partnership will focus on providing sustainable mobility solutions to riders and will also work towards establishing a robust EV charging infrastructure in the country, MG Motor India said in a statement. "This partnership between MG India and Vertelo demonstrates a shared vision for a green and sustainable future with decarbonisation in India. We also believe that this collaboration will augment our endeavours to offer advanced e-mobility solutions for passengers and boost faster adoption of EVs in the country," MG Motor India Chief Growth Officer, Gaurav Gupta said. Vertelo is a fleet electrification platform that aims at providing end-to-end solutions to operators and corporates. It has been established by Macquarie Asset Management and has receiv
MG Motor India on Thursday said it has partnered with the Epsilon Group for EV charging solutions and battery recycling. As part of the collaboration, the automaker has signed an MoU with two Epsilon Group subsidiaries - Power EV, for charging solutions and LICO, for battery recycling and second-life expertise. As per the agreement, Power EV will provide Custom Charging technology to develop AC and DC charging solutions for charging solutions for MG's EVs. Through active involvement in the MG charge initiative deploying 1,000 charging points in 1,000 days within residential communities and apartments across India Power EV aims to bolster the existing public charging network by expanding the availability of AC chargers and introducing high-capacity DC charging options, MG Motor India said in a statement. LICO will assist MG Motor India in its Extended Producer Responsibility (EPR) obligations by providing comprehensive battery recycling and certification services, it added. "Our
MG Motor India is driving towards tier III and IV cities of the country with plans to establish 100 new touchpoints by the end of the ongoing fiscal year as part of its strategy to fuel the next phase of growth, a senior company official said on Wednesday. With JSW Group coming in as an investor and becoming a joint venture partner with China's SAIC, last month the company announced plans to invest Rs 5,000 crore and had set a target of selling one million units of passenger electric vehicles in India by 2030 when the total market is expected to be 10 million units annually. The company is targeting 520 sales and service touchpoints overall in 270 cities by the end of 2024-25. "There is a very clear roadmap...we have put in place which we are calling as MG 2.0, the next phase of growth for MG Motor India," MG Motor India Chief Commercial Officer Satinder Singh Bajwa told PTI. As part of that, the company has set plans for enhancing production capacity and more model introduction go
MG Motor India expects an accelerated growth path with more aggressive expansion plans after getting the JSW Group as an investor, according to company CEO Emeritus Rajeev Chaba. With the company already establishing a well laid foundation based on technology, customer experience, gender diversity and community service in the first phase of its journey in the country, he said MG Motor India is now looking ahead to the next phase of growth. "Now with the investor coming in, definitely I would expect an accelerated growth path, and more aggressive expansion plans.That's what we look forward to and take advantage of the solid foundation," Chaba told PTI. He was responding to a query on how MG Motor India was looking ahead with the new investor coming in but declined to share details on the future roadmap citing an impending announcement by the joint venture between China's SAIC Motor and JSW Group next week. Last year in November, China's largest automaker SAIC Motor had inked a joint