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Page 2 - Mg Motor

MG Motor India, JSW Group joint venture may go live in a few weeks

MG expects EV penetration in India to hit 4% in CY24

MG Motor India, JSW Group joint venture may go live in a few weeks
Updated On : 27 Feb 2024 | 10:28 AM IST

Female workforce grows in automotive manufacturing as tech adoption surges

Automation, skilled talent requirements, along with active measures to improve gender representation drive female hiring in the automobile industry

Female workforce grows in automotive manufacturing as tech adoption surges
Updated On : 26 Feb 2024 | 9:21 AM IST

CCI approves JSW Ventures' proposed stake acquisition in MG Motor India

Fair trade regulator CCI on Tuesday said it has granted approval to JSW Group's proposed acquisition of a stake in MG Motor India Pvt Ltd. MG Motor India is a wholly-owned subsidiary of Shanghai-headquartered SAIC Motor. The deal is to be done through JSW Ventures Singapore Pte, a newly incorporated entity that is part of the Sajjan Jindal-led JSW Group. The proposed transaction relates to the acquisition of up to approximately 46 per cent of the share capital of the MG Motor India Pvt Ltd along with certain special rights by the JSW Ventures Singapore Pte, as per the notice submitted to the Competition Commission of India (CCI) by the entities. As per an update on CCI's website on Tuesday, the regulator has approved the proposed deal.

CCI approves JSW Ventures' proposed stake acquisition in MG Motor India
Updated On : 24 Jan 2024 | 5:26 PM IST

CCI approves JSW Group's acquisition of up to 38% in MG Motor India

In November last year, the JSW Group had announced the acquisition of a 35 per cent stake in MG Motor India

CCI approves JSW Group's acquisition of up to 38% in MG Motor India
Updated On : 24 Jan 2024 | 5:24 PM IST

MG Motor launches Astor 2024 SUV with AI assistant, starting at Rs 9,98,000

The MG Astor 2024 boasts to be the most advanced SUV, with in-built personal AI assistant

MG Motor launches Astor 2024 SUV with AI assistant, starting at Rs 9,98,000
Updated On : 12 Jan 2024 | 2:02 PM IST

OEM, dealers to play Santa during year-end for EV passenger vehicles

Carmakers, dealers offering discounts up to Rs 4 lakh

OEM, dealers to play Santa during year-end for EV passenger vehicles
Updated On : 20 Dec 2023 | 11:12 PM IST

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 to hike prices from January owing to rising overall costs
Updated On : 04 Dec 2023 | 11:51 PM IST

Deep discounts on offer to light up car sales in India before Diwali

Average October discounts are up 40-50% compared to last year

Deep discounts on offer to light up car sales in India before Diwali
Updated On : 20 Oct 2023 | 11:54 PM IST

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

MG Motor to overhaul its dealership network, close underperforming outlets
Updated On : 10 Oct 2023 | 2:15 PM IST

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 records 31% uptick in its retail sales in September at 5,003 units
Updated On : 01 Oct 2023 | 12:32 PM IST

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.

MG Motor India August retail sales rise 9% YoY, reach 4,185 units
Updated On : 01 Sep 2023 | 12:00 PM IST

JSW group keen to launch car in EV segment at Rs 15-20 lakh price tag

In talks with several Chinese players for tech partnership; in race to buy stake in MG Motor

JSW group keen to launch car in EV segment at Rs 15-20 lakh price tag
Updated On : 30 Aug 2023 | 11:40 PM IST

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

Tata Motors leads Indian EV market with a market share of 72%: Canalys
Updated On : 11 Aug 2023 | 2:36 PM IST

MG Motor ties up with Ionage to boost charging infrastructure for EVs

MG Motor India on Friday said it has tied up with electric mobility service provider IONAGE to strengthen charging infrastructure across the country in order to promote intercity travel by electric vehicles. The partnership was officially announced with the inauguration of ten destination charging stations across Lucknow, Trivandrum and Cochin. As part of the tie-up, MG Motor will leverage IONAGE's e-mobility platform to provide seamless access to EV owners of MG Charge points, the automaker said in a statement. MG Charge is an industry-first initiative by any original equipment manufacturer (OEM) to empower destinations like hotels, residential societies, public locations, and corporates to embrace green transportation and future-proof their property and communities. "This collaboration represents our endeavours to empower EV owners and operators with a seamless charging experience. The collaboration also reaffirms company's commitment to supporting promising startups like IONAGE

MG Motor ties up with Ionage to boost charging infrastructure for EVs
Updated On : 28 Jul 2023 | 3:52 PM IST

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

MG Motor sales register healthy growth, up 21% YoY in first half of CY2023
Updated On : 20 Jul 2023 | 3:16 PM IST

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

MG ZS EV ADAS updates: Lane keep assist, adaptive cruise control, and more
Updated On : 12 Jul 2023 | 4:40 PM IST

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

On track to achieve over 25% of total sales from EVs this fiscal: MG Motor
Updated On : 12 Jul 2023 | 4:34 PM IST

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.

MG Motor India reports 14% increase in retail sales at 5,125 units in June
Updated On : 01 Jul 2023 | 11:12 AM IST

Sajjan Jindal may acquire 48% stake in MG Motor India, govt onboard

When concluded, the deal will leave at least 51 per cent stake of the company in Indian hands

Sajjan Jindal may acquire 48% stake in MG Motor India, govt onboard
Updated On : 14 Jun 2023 | 10:04 AM IST

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

BluSmart places order for 500 units of MG's ZS EV electric vehicle
Updated On : 08 Jun 2023 | 3:02 PM IST