Semiconductor crisis may remain a concern till June 2022: MG Motor India

MG Motor India said on Thursday that the company is expecting the semiconductor shortage may remain a cause of concern for the Indian automobile sector till the first half of 2022.

A top company executive said that it is also going to expand its presence in the electric vehicle space by launching a new car in the below Rs 20 lakh category. This comes after the company captured over 90 per cent market-share in the above Rs 20-lakh category electric vehicles within a span of one year through the launch of ZS EV. The company saw a 78 per cent jump