MG Motor India is aiming to expand its product portfolio. The company is planning to introduce a new electric vehicle by the end of 2022 in the Indian market. Furthermore, the President & Managing Director of MG Motor India, Rajeev Chaba had recently confirmed that they have started working on a battery assembly facility in India so that they can introduce an affordable electric vehicle. We can expect the upcoming electric vehicle to cost less than Rs 20 lakhs.
Talking about the facility, it will cost the manufacturer more than Rs 4000 crores in investment. This new facility will also help the automaker to develop improved battery technology that can deliver a range of around 500 kms on a single charge. We can expect this new technology to feature in production-spec electric cars in another 18 months. As per the reports, the new technology is being evaluated under various climate conditions and terrain as of now.
According to the directives and guidelines set by the Government of India, electric mobility is likely to be the future of the automotive industry. With this thought in mind, MG Motor wants to be a serious contender when it comes to offering electric vehicles in the country. MG Motor is currently offering only one electric SUV in the Indian market which is the ZS EV. It has further registered a whopping sales of 1142 units in 2020. The ZS EV is locally assembled in India. While its components are brought in as CKD units. Under the hood, it is powered by a 44.5 kWh lithium-ion battery pack paired with an electric motor. The motor churns out 140 bhp power and 350 Nm torque. We can expect this new electric vehicle to be a new variant of the ZS EV itself.