Executives from top auto companies foresee a surge in the electric vehicle sector in 2024, citing new launches and increasing adoption. Despite challenges, EV sales doubled in 2023, with Tata Motors, MG Motor, Mercedes-Benz, and Kia outlining ambitious plans for growth and innovation.
A significant highlight of the report is the notable contribution from electric vehicle (EV) models, accounting for approximately 25 per cent of the company s total sales. This emphasizes the increasing popularity and acceptance of electric vehicles among Indian consumers.
MG Motor India Models: MG Motor India plans to launch seven new models in the Indian market over the next few years. Following its joint venture with the JSW Group, MG Motor showcased its lineup to dealers, including models to be launched in India. The company is expected to focus on hybrids, including plug-in hybrids and battery-operated vehicles, and update existing internal combustion engine models
MG Motor India plans to launch seven new models in the Indian market over the next few years. Following its joint venture with the JSW Group, MG Motor showcased its lineup to dealers, including models to be launched in India. The company is expected to focus on hybrids, including plug-in hybrids and battery-operated vehicles, and update existing internal combustion engine models