MG Motor India made a bold move in 2020, launching the MZ ZS EV as its product in our market; the company was just a year old, and even the electric car market too was at a very nascent stage at just 0.3 per cent market share of the overall passenger vehicle volume.
The EV market has expanded to single–digit share in the last two years, and even MG Motor India has tasted success with the ZS EV. That said, the company had earlier shared plans about tapping lower segments with more affordable models and is now gearing up to launch a new EV in the next year. Yes! MG Motor India’s fifth launch in India will be an EV that will hit the road in Q2 2023.
In a conversation, Rajeev Chaba, President and Managing Director, MG Motor India, said, “Definitely, it is not going to be an average product or a mainstream product. It is going to be a new urban mobility solution, honestly. So I am sure there are a lot of guys who will not like it, and there will be a lot of guys who will love it. So there will be polarized reactions, but we are pretty confident.
So we will provide a new urban mobility solution to a new generation. The naming, formation, and segment will change in the new world. So let the market and you all experts name the car. It is how you see it, but it will be a different product.
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