The company has decided to close the bookings for its first EV (that gets launched in only five cities), and is now planning to display a series of electrics at next month’s Auto Expo at Greater Noida, where it will also display the concept of a sub-Rs 10 lakh electric (exclusive picture in inset). The concept will be targeted at millennials and will be a 4-seater with a range of over 250 kms in a single charge.
MG ZS EV review
Rajiv Chaba, president and MD of MG Motors in India, said that deliveries of the ZS — which will primarily take on Hyundai’s Kona EV — will begin later this month, and the company is now planning to ramp up capacity at its Halol plant in Gujarat with a strong order-book for the Hector SUV, and now the ZS.
“We have retailed over 16,500 units of the Hector since its launch in June last year, and currently have a backlog of over 20,000 more units. Apart from this, we are now assembling the ZS while also preparing for launching two other new cars very soon,” Chaba told TOI. MG Motors, a subsidiary of Chinese auto major SAIC, has invested over Rs 3,000 crore in India so far, and is now preparing to pump in additional investments to launch new models. It also plans to go on an overdrive in electrics and will showcase a slew of green cars at the Auto Expo.
Chaba said that enthused by the strong response to the ZS, the company is now planning to have an electric battery assembly plant in India. “We are serious about this, and may do so in next one year. It would involve investments of a couple of hundred crores of rupees.”
The market for electrics is still at a nascent stage in India, and is yet to gain much in numbers. While Hyundai sells the Kona SUV in India for Rs 23 lakh, Mahindra sells the eVerito and E20 electrics, and Tata the green version of Tigor (all three priced under Rs 15 lakh). As per industry sources, the three brands sold 2,069 vehicles last year — Mahindra at 1,049 units, Tata at 728, and Hyundai 292.