Page 2 - Mg Motor India

MG Motor India to hike prices from January owing to rising overall costs

MG Motor India on Monday said it will hike prices of its vehicles in the country with effect from January 2024. The hike is owing to the rising costs attributed to overall inflation and increased commodity prices, the company said in a statement. MG Motor, however, did not disclose the quantum of price hike it plans to take from next month. Maruti Suzuki, Mahindra & Mahindra and Audi India have also announced plans to hike prices of their passenger vehicles in January 2024 citing reasons, including cost pressure driven by overall inflation and increased commodity rates. Besides, Tata Motors and Mercedes-Benz India are mulling increasing the prices of their models from January.

MG Motor India retail sales increase by 2% to 4,154 units in November

MG Motor India on Friday said its retail sales increased by 2 per cent to 4,154 units in November 2023. The automaker had sold 4,079 units in November 2022. EV sales continued to account for around 30 per cent of the total vehicles sold last month, MG Motor India said in a statement. The recent collaboration with Charge Zone reasserts the focus of the company on boosting EV infrastructure and it has so far established a network of more than 12,000 chargers across the country, it added.

JSW group to buy 35% stake in joint venture with SAIC Motor of China

MG Motor India JV to focus on electric vehicles

Ministry of Corporate Affairs could widen probe into MG Motor India books

In late 2023, MG Motor India was served an MCA notice to provide information about their accounts in the company's first year of operations in 2019-20

MG Motor to overhaul its dealership network, close underperforming outlets

For the financial year ending in 2023, MG Motor India had a 1.26% share in India's passenger vehicle segment

Sajjan Jindal's firm, SAIC Motor to take over MG Motor India: Report

There will be no JSW Group companies involved in the deal and Jindal will participate through his private company

MG Motor records 31% uptick in its retail sales in September at 5,003 units

MG Motor India on Sunday reported a 31 per cent year-on-year growth in retail sales at 5,003 units in September 2023. Sales of electric vehicles continue to contribute around 25 per cent of the total sales of the company, MG Motor said in a statement. Both the ZS EV and the Astor Black Storm models have received positive response from customers, it added.

MG Motor India exploring options for a second plant, says official

Chinese car maker MG Motor India is exploring the possibility of setting up a second plant in the country, a company official said. Currently, the company has a manufacturing plant at Halol in Gujarat where the production capacity is 1.2 lakh units per annum. "We are exploring the option of putting up a second plant in India. It generally takes two to three years for a new plant to come into stream", Gaurav Gupta, deputy managing director of MG Motor India said on Wednesday evening. The company has not identified so far the location of the possible second plant. Starting operations in India four years back in 2019, the company is presently having five models and selling around 5,000 units per month. Out of the five models, two are electric vehicles (EV), he said. Gupta said the company plans to introduce a new model every year in India, either on the EV or ICE (internal combustion engine) platforms. He said at present, 25 per cent to 30 per cent of the company's sales are coming f

MG Motor India August retail sales rise 9% YoY, reach 4,185 units

MG Motor India on Friday reported a 9 per cent year-on-year increase in retail sales at 4,185 units in August. The automaker had sold 3,823 units in August 2022. The carmaker is gearing up and building further on the current momentum in the festive season, MG Motor India said in a statement. The company is readying the introduction of the Black Edition of its mid-sized SUV Astor, it added.

JSW Group may acquire Ford Motor's Chennai plant to manufacture EVs: Report

The talks to acquire the Ford plant in Chennai started a couple of months ago and are now in an advanced stage, a report said on Wednesday

Tata Motors leads Indian EV market with a market share of 72%: Canalys

The sales of EVs in India jumped 137 per cent to 48,000 units in HICY23 as compared to H1CY22

MG Motor sales register healthy growth, up 21% YoY in first half of CY2023

MG registered its highest-ever retail sales of 6,051 units in March 2023

Chip supply mostly sorted, only a few variants face crunch: MG Motor India

Firm's domestic sales jumped by 21% in 2022-23 to 48,886 units; in the current fiscal it hopes to sell up to 100,000 units

MG ZS EV ADAS updates: Lane keep assist, adaptive cruise control, and more

The car also comes with Traffic Jam Assist (TJA) to facilitate a smoother driving experience

On track to achieve over 25% of total sales from EVs this fiscal: MG Motor

MG Motor India is on track to achieve over 25 per cent of total sales from electric vehicles this fiscal year as it continues to enhance its product portfolio, according to company Deputy Managing Director Gaurav Gupta. The company has already crossed the 10,000 unit cumulative sales milestone of EVs in the country. On Wednesday, the automaker introduced a top end variant of its electric SUV ZS EV equipped with level two autonomous driving technology priced at Rs 27.89 lakh for a limited period. "We had mentioned earlier that in this financial year also we will see upwards of 25 per cent of our portfolio coming in from electric vehicle sales. At this point in time, we would like to hold that metric and work towards it," Gupta told PTI. He further said, "This will only increase as we go along in terms of new products and also the growth of our current portfolio. We are building up on that journey. Since the Comet is just a recent launch, I think we have started on that journey and i

MG Motor India reports 14% increase in retail sales at 5,125 units in June

MG Motor India on Saturday reported 14 per cent increase in retail sales at 5,125 units in June 2023 as compared to the same month last year. The company had posted a retail sales of 4,504 units in June 2022, MG Motor India said in a statement. "Supplies were disrupted in the wake of cyclone Biparjoy though customer demand should now gain momentum following the monsoon as India gears up for a long festive season," it said. In the second quarter (April-June) of 2023 , the company said its sales were at 14,682 units as against 10,519 units in the year-ago period, a growth of 40 per cent.

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Mahindra & Mahindra, Hinduja join race to buy MG Motor India stake

The Sajjan Jindal-led JSW group has already evinced interest to take up to 48% stake in MG Motor India. The company's valuation is pegged at over Rs. 8,000 crore, the sources said

Foreign automakers get a second chance as India transitions to EVs

But with the advent of EVs, firms like MG Motor India Pvt, the local unit of China's SAIC Motor Corp., Renault SA, Nissan Motor Co. and Volkswagen AG may finally gain a better foothold

BluSmart places order for 500 units of MG's ZS EV electric vehicle

The move comes as BluSmart intensifies its battle against Uber Technologies Inc and Ola Cabs