With 4,154 vehicles sold, MG Motor India recently disclosed its monthly sales numbers for November 2023. Compared to October last year, when the firm delivered 5,108 units, the automaker's sales have decreased by 18 per cent month-over-month (MoM). There is just a 1.8 per cent YoY increase in sales when compared to the figures for the same period in 2022, which stood at 4,079 units. The 30 per cent of the total sales came from electric vehicles in the carmaker's India portfolio. Thus, the company continues to be a significant contributor to the industry. There is a 5 per cent rise in sales for the manufacturer's EVs month-over-month (MoM). Additionally, MG slashed the price of its electric SUV, the ZS EV, in the country by as much as Rs 2.30 lakh last month. The upsurge in sales is the reason for the price reduction. The Hector, Astor, Gloster, and the Hector Plus make up MG Motors' current ICE India range. On the other hand, the ZS EV and the Comet EV constitute the company's electric products.
MG Motor India Partners with Charge Zone
Charge Zone, an important player in the infrastructure for charging electric vehicles, has collaborated with MG Motor India. In the coming months, Charge Zone and MG want to work together to build charging stations in key areas, such as cities, highways, and MG showrooms. All electric vehicle owners will be able to use the charging stations, which will be integrated with the Charge Zone app.
By launching a six-way charging solution, the British maker says it is strengthening its commitment to building an electric vehicle (EV) ecosystem in the country. This will help to make EV charging options more accessible and convenient for its customers. At the moment, the automaker has more than 12,000 chargers in its network.
Gaurav Gupta, Deputy Managing Director, MG Motor India said, "This strategic partnership reflects our commitment to sustainable mobility and our dedication to providing our customers with a seamless electric vehicle ownership experience. Our meaningful industry associations and partnerships, including this substantive collaboration with CHARGE ZONE, underscores our steadfast focus on building a charging infrastructure that supports the evolving needs of electric vehicle owners, providing them with convenient, efficient, and reliable charging solutions.”
JSW Group and SAIC Motor Join Hands For Green Mobility Initiative
To increase MG Motors' presence in India, SAIC Motors, the parent company of MG Motors, and the JSW Group of India have formed a joint venture. The partnership intends to improve local sourcing, provide a wider variety of vehicles to the market, and upgrade India's infrastructure for charging them. JSW would own 35 per cent of the JV operations in India, under the signed agreement. SAIC will keep up the backing of the alliance by supplying cutting-edge technology and products to deliver mobility solutions with an emphasis on Indian consumers.
Together, SAIC Motor and JSW Group will use this joint venture to develop connected NEVs—four-wheeled electric cars with a top speed of 40km/h—and make internal combustion engine vehicles carbon neutral. These efforts will help build an automotive ecosystem in India. In order to source materials locally and build a strong supply chain, this joint venture will leverage SAIC Motor's experience in the automotive industry as well as JSW Group's strength in both the B2B and B2C sectors of the Indian economy.
In regards to the partnership, SAIC Motor President Wang Xiaoqiou stated that the company will collaborate closely with JSW Group to leverage innovation to develop smarter and more environmentally friendly mobility goods and services for customers. MG Motors' business in India will be expanded and transformed by JSW Group through this strategic partnership.