MG Motor India has announced that it will launch an electric car worth Rs 10 to 15 lakh by the end of next year. It can compete with the electric vehicles of Tata Nexon and Tigor. This will be the company’s second electric vehicle. Currently, it is selling the electric SUV ZS EV in the Indian market. The company will launch this electric crossover on the international platform but will customize it according to the needs of the Indian market.
New electric car will come in the market by the end of 2022
Rajiv Chhaba, President and Managing Director of MG Motor India said that the company’s next product will be the SUV Astor. He said that the company was thinking of launching its second electric car for a long time, but now we have got a direction in view of the clarity from the government regarding electric vehicles. He said that the company has decided to launch another electric vehicle by next year (2022). Its price will be between 10 to 15 lakhs and it will be launched keeping in mind the mass segment in personal electric mobility.
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The new vehicle will be a crossover, the platform will be international
He said that it will be a crossover vehicle and will be based on the global platform. It will be customized according to the Indian market. Such vehicles are being developed for more emerging markets. The company will follow the PLI scheme guidelines brought by the government for the auto sector. For the next electric vehicle, the company will make many of its parts according to local needs. The battery, motor and other parts can be assembled here for the local market. MG Motor India is currently selling two variants in the electric vehicle segment. Their price is Rs 21 and 24.68 lakh respectively (ex-showroom).
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