MG Motor India expects to clock a quarter of its sales from EVs this year

economictimes.indiatimes.com:

MG Motor India, which faced disruptions in production through most of the past one year, said with an expected improvement in the supply chain in the second half of 2023, it will be able to clock a quarter of its sales from electric vehicles (EVs) this year. While limitations continue in availability of components amid global challenges, from the Russia-Ukraine war to logistical delays in intercontinental movement, supplies have started showing an improvement, said Gaurav Gupta, deputy managing director, MG Motor India. “We have started ramping up operations with easing of constraints in the supply chain.

We will hold on to our initial estimates of clocking a quarter of our sales from EVs in the ongoing calendar year,” he said. He said the company’s pipeline remains healthy and that the company is doubling down on its efforts to resolve supply chain mismatches and upping production to reduce the waiting period on its vehicles. “We have now had a full month of sales of the Comet EV, which is our most affordable car.

We will steadily launch the car across markets in India. Meanwhile, we have increased production of the ZS EV, which is now doing about 600 units every month. This, we feel, is a good number given its price points,” said Gupta.MG Motor India has sold about 10,000 units of the ZS EV since its launch in the country.

The company additionally sold 1,914 units of Comet EV last quarter, as per data available with the Society of Indian Automobile Manufacturers (SIAM). The company started deliveries of the vehicle from May 22. It is working to put in place a production capacity of 3,000 units per month for the Comet EV at its manufacturing facility in Halol, Gujarat.