MG Motor super charges electric vehicle biz, weighs funding options
MG Motor India envisages a fourth of its total sales coming from electric vehicles (EVs) by the end of FY23 as the company gears up to launch a mass market EV priced at Rs10-15 lakh.
MG Motor India envisages a fourth of its total sales coming from electric vehicles (EVs) by the end of 2022-23 (FY23) as the company gears up to launch a mass-market EV priced at Rs 10-15 lakh.
In terms of percentage contribution to total sales, this will be the highest for any manufacturer in India, claims Rajeev Chaba, president and managing director, MG Motor India.
“Continuing the EV story, we are launching another EV in the Rs 10-15 lakh range in the first quarter of next year.
