MG Motor India, owned by China’s SAIC Motor, expects electric vehicles (EV) to account for at least a quarter of its sales in India in 2023, the automaker said during the country’s biennial auto show on Wednesday.
“At the end of this year, 25 to 30% of our sales will be all electric,” Managing Director Rajeev Chaba said, adding that it is evaluating the launch of the MG4 electric hatchback and eHS plug-in hybrid SUV in India, which were unveiled at the event. MG Motor has just over a 1% share of India’s passenger vehicles market, where it sells the ZS EV SUV.
