MG Motor India is set to launch its third electric car model this festive season, aiming to strengthen its position in the growing electric vehicle market amidst competition from established and new rivals. The upcoming launch signifies the automaker's focus on expanding its operations in India, especially in the electric vehicle segment. Rajeev Chaba, chairman emeritus of MG Motor India, highlighted the importance of electric vehicles in the Indian market, with expectations that EVs will comprise 15-20% of all passenger vehicles sold by 2030.