MG Motors will launch an affordable electric vehicle in the range of $16,000, which will qualify for the subsidy under the Indian government’s FAME or Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles scheme. The company will also introduce the Indian automobile market to a new variant of ZS electric vehicles that will come with a 300 mile range. MG Motors, one of the new entrants in the domestic market, also plans to increase its localisation of electric vehicles components and start assembling lithium-ion batteries and other critical components in India.
Rajeev Chaba, President of MG Motor India, said: “This is our mid-term to long term plan. We want to double our bets on electric vehicles in the medium to long term and want to be the leader (in the EV space). That’s why we will come with a battery with 300 mile range to show our intent.”
