Page 2 - Mg Motor

MG Motor super charges electric vehicle biz, weighs funding options

MG outlined an investment of Rs2000 crore for FY22 and FY23 and is currently weighing various options to raise more funds as it seeks to charge up the EV business.

MG Motor announces new venture to build EV charging infrastructure

MG Motor India announced a new venture, MG Charge, to build charging infrastructure for electric vehicles with an aim to install 1,000 chargers in residential areas across India in 1,000 days

Chinese automaker SAIC's MG Motor India to raise funds for EV push: Report

'MG Motor India has yet to finalise how much money it plans to raise, which will depend on the valuation of the Indian business and its growth plans'

MG Motor India's retail sales rise 5% to 4,528 units in February

MG Motor India on Tuesday said its retail sales increased 5 per cent year-on-year to 4,528 units in February.

MG Motor India's retail sales rise 20% in January amid better demand

The company sells models like Hector, Astor and Gloster in the domestic market

MG Motor India electric vehicle sales up 145% to 2,798 units in 2021

MG Motor 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

MG Motor India posts 43% increase in retail sales in 2021 at 40,273 units

MG Motor India on Saturday reported 43 per cent increase in retail sales in 2021 at 40,273 units.

Sustaining ops, biz health biggest issues for auto firms in 2022: MG Motor

The biggest challenge in 2022 for the automobile industry will be to sustain business operations and ensure financial health amid various challenges, including global semiconductor shortage, according to a top MG Motor India official. Currently, the domestic market is witnessing increased demand, but it is also impacted by the global semiconductor shortage, which has hit production activities. "The new normal has set unique challenges for the industry. The biggest challenge is to sustain business operations and ensure the financial health of the organisation and its stakeholders. With the industry having exhibited resilience over the last two years, we are looking towards 2022 with cautious optimism," MG Motor India President & Managing Director Rajeev Chaba stated. The situation will remain fluidic in 2022 due to unpredictable factors COVID-19, global semiconductor shortage, freight cost and multiple other cost implications, he added. Chaba noted that the company is committed to

MG Motor India sees 'fluidic' trends in auto sector in 2022; to focus on EV

Trends in India's domestic automobile market are expected to remain 'fluidic' in 2022 due to unpredictable factors, said automaker MG Motor India.

Delivery of MG Astor vehicles could get delayed due to chip shortage

"We are all facing a situation very unprecedented. The supply of chips and semiconductors are very uncertain and very dynamic," Gupta said.

MG Motor reports 24% drop in retail sales in Oct amid production challenges

MG Motor India on Monday reported 24 per cent dip in retail sales at 2,863 units in October 2021 amid production challenges due to semiconductor shortage

MG Motor unveils Astor; enters highly competitive mid-size SUV segment

MG Motor India on Wednesday marked its entry into the highly competitive mid-sized SUV segment in the country, with the unveiling of its all-new model -- MG Astor.

MG Motor to invest Rs 2,500 cr by 2022-end to ramp up Halol plant capacity

MG Motor India is investing Rs 2,500 crore by the end of next year to increase the production capacity at its Halol plant in Gujarat, as it gears up to launch its mid-size SUV Astor

MG Motor launches seven-seater Gloster trim tagged at Rs 37.28 lakh

MG Motor India on Monday launched a seven-seater version of its SUV Gloster Savvy tagged at Rs 37.28 lakh (ex-showroom). The new variant of the SUV would strengthen the Gloster range and provide customers with the power to choose from a broader range of variants. The automaker currently sells the model with six-seat configuration. "We are introducing the Gloster Savvy with a 7-seater configuration in response to requests from our customers. With this addition to the existing Gloster Savvy with 6-seater configuration, we are offering our customers the power to choose a vehicle as per their needs and preferences," MG Motor India Chief Commercial Officer Gaurav Gupta said in a virtual launch event. Under the hood, the new Gloster Savvy trim, like its six-seat counterpart, comes with a two-litre twin turbo diesel engine generating 200 PS power and 480 Nm of peak torque. It features multiple driving modes enabled with Advanced Driver Assistance System (ADAS) and a BorgWarner Transfer c

MG Motor ties up with Jio for connected features in its upcoming SUV

MG Motor India on Tuesday said it has tied up with digital services provider Jio India for the Internet of Things (IOT) features in its upcoming mid-size SUV. The automaker, which sells models like Hector and ZS EV, would have integration of IT systems enabled by Jio's IoT solution in the upcoming model. Customers of MG's upcoming mid-size SUV will benefit from Jio's widespread internet outreach, along with the connectivity, not only in metros but also in small towns and rural areas, MG Motor said in a statement. "Technology and innovation are leading the connected car space in the automobile industry. The current trend focuses increasingly on software-driven devices and our current partnership with a tech-innovator like Jio in the IoT space is a step towards establishing MG Motor as a tech leader in the automobile industry," MG Motors India President & Managing Director Rajeev Chaba noted. The partnership with Jio will ensure that the company's next mid-sized connected SUV ...

MG Motor re-launches programme to offer certain doorstep services

Automaker MG Motor India on Monday said it has re-launched its programme to provide some basic car care services at the doorstep of its customers amid the coronavirus pandemic.

Sales recovery in sight with easing of Covid curbs across states: MG Motor

MG Motor India expects the growth to be much better than the industry's despite supply chain challenges and increase in input costs

MG Motor India reports sale of 1,016 units in May amid Covid-related woes

The company's sales were impacted by the lockdown imposed to curb the second wave of the Covid-19 pandemic along with production constraints due to diversion of oxygen for medical use.

MG Motor India sees retail sales of 5,528 units in March on robust demand

'The highest monthly sales achieved in March 2021 are very encouraging with momentum continuing for our product lines', said the chairman

MG Motor sales increase over three-fold to 4,329 units in February

MG Motor India on Monday said it recorded its best-ever retail sales in February at 4,329 units