MG Motor India has introduced a new base variant of its first electric vehicle, the MG ZS EV, called the Executive. Priced at Rs 18.98 lakh, it is about Rs 4 lakh cheaper than the Excite variant, which was priced at Rs 22.8 lakh (ex-showroom). The company claims that the price revision is the result of various efforts made over the last two years, including material pricing, logistics, commodity, contracts and efficiency. Gaurav Gupta, deputy MD, MG Motor India, said that lithium prices across the world The price decline has been accompanied by a reduction in costs due to the company’s planning.
MG Electric Car 2024
Despite the lower price, the MG ZS EV Executive variant retains the same 50.3 kWh battery, which offers a range of up to 461 km on a single charge. More information about its features has not been revealed yet. Will Averaging Out Work for Retail Investors? Is Nifty Next 50 a good bet? Only if you are a super long term investor. Is Nifty Next 50 a good bet? Only if you are a super long term investor. Is the speed dropping? Why are retail investors suffering losses after seeing a long rally? Reliance JioCinema is streaming IPL 2023 for free.
MG Electric Car Features
Apart from the new variants, MG Motor has also reduced the prices of its other models. The base variant of MG Comet was earlier priced at Rs 7.99 lakh (ex-showroom), now after a price drop of Rs 1 lakh, it is priced at Rs 6.99 lakh (ex-showroom). The petrol variant of the MG Hector, which was priced at Rs 15 lakh (ex-showroom), is now available at Rs 14.95 lakh (ex-showroom), while the diesel variant, which was earlier priced at Rs 18.29 lakh (ex-showroom). , it is now priced at Rs 17.50 lakh (ex-showroom). On the other hand, the 4×2 variant of MG Gloster has seen a price cut of Rs 1.30 lakh. Its starting price has come down from Rs 38.80 lakh (ex-showroom) to Rs 37.50 lakh (ex-showroom).
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There was a decline in the price of MG Comet Ev, people gathered to buy it.
Along with Mahindra Thar 5-door, three other models will also be launched, along with being parallel, the features are also similar.
It is noteworthy that MG Motor India had announced a price hike in December 2023 due to inflation and high commodity prices. The move comes after two price hikes for their popular model, Hector, within the same calendar year.