MG Motor India Electric Vehicle Sales Up 145% To 2,798 Units In 2021

India EV sales spiked 145 per cent to 2,798 units in calender year 2021 amid a gradual shift towards electric vehicles in the country, the company said on Monday.

The company had sold a total of 1,142 units in 2020.

Currently, the company has one electric sports utility vehicle ZS EV in its India EV product portfolio, launched in January 2020. It later rolled out a facelift version of the vehicle in February last year.

With a certified range of 419 Km in one full-charge, ZS EV, according to the company, offers the longest range compared to any EV in India.

The ZS EV continues to attract customers' interest in India as MG averages 700 bookings per month, the company said.

As compared to 2020, when the total EV sales were 1,142 units, India has exhibited 145 per cent growth in volume at 2,798 units last year, the company said.

ZS EV comes in two variants, Excite and Exclusive, with prices starting from Rs 21.49 lakh.

Along with the vehicle, MG extends its customers a five-way charging ecosystem including free-of-cost AC fast-charger at residences/offices, portable in-car charging cable, DC superfast charging stations at dealerships, 24x7 charge-on-the-go facility (in 5 cities), and charging stations in satellite cities and tourist hubs, as per the release.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

RECENT NEWS

Rising Rates, Rising Challenges: Bankers Adapt To Serve Troubled Companies In A Changing Economic Landscape

As interest rates climb, troubled companies are facing heightened financial pressures, prompting them to seek assistance... Read more

The Elusive Nature Of Fraud Detection: Exploring The Auditor's Dilemma

In the intricate world of financial reporting, auditors serve as guardians of integrity, tasked with uncovering discrepa... Read more

The Battle For Depositors: US Lenders Ramp Up Efforts Amidst Rate Uncertainty

In the competitive landscape of the US banking sector, retaining depositors is paramount for lenders seeking to maintain... Read more

Beyond Capital: Unveiling The Complexities Of Bank Failure Prediction

In the realm of banking, the ability to predict and prevent failures is paramount for financial stability and consumer c... Read more

Central Banks And The Economic Horizon: Steering Through Uncertaintie

In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more

Transforming Financial Operations With Robotic Process Automation

Author: Ricardo Goulart                           ... Read more