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Car manufacturer Morris Garages (MG) Motor India on Wednesday announced that it clocked retail sales of 4,485 units in the country in April. The company's electronic vehicle (EV) portfolio contributed 34 per cent of the total units sold in this period. "The recently launched MG Hector BLACKSTORM has been receiving a positive response from SUV enthusiasts across the country," the car manufacturer said. Last month, MG Motor announced its network expansion plans in T...
MG Motor India clocks retail sales of 4,485 units in April
In a bid to help India build a robust and efficient EV charging infrastructure, Adani TotalEnergies E-Mobility Limited (ATEL) and MG Motor India on Monday signed a memorandum of understanding (MoU), which is aimed at enabling ease of use and increased accessibility for customers. As part of the collaboration, EV charging stations (60 kW DC) will be installed at designated MG dealerships, to provide value-added services to EV customers nationwide. “Adani TotalEnergies E-Mobility Li...
Adani Gas subsidiary joins MG Motor India to install charging stations to boost India`s EV goals
Driven by rising consumer interest, government initiatives and infrastructure development, India’s EV sales nearly doubled in 2023 and are likely to grow 66 per cent this year, a report showed on Friday. Overall, India’s passenger vehicle (PV) sales grew 10 per cent (year-on-year) to surpass 4 million units, its EV sales nearly doubled, rising 97 per cent YoY to account for 2 per cent of the overall PV sales. By 2030, EVs are expected to represent nearly one-third of I...
EV sales in India to grow 66 pc this year riding on consumer interest, government initiatives
A JSW Group and MG Motor joint venture aims to have sold 1 million electric vehicles in India by 2030 and to corner a third of the market, a JSW executive said on Wednesday. At a media event in Mumbai to present their new model, the "Cyberster EV" sportscar, the two companies said that the JV plans to initially focus on premium passenger vehicles. Sajjan Jindal, JSW Group Chairman, said the JV plans to launch its first plug-in hybrid car by 2025 and will produce batteries and ...
JSW says MG Motor JV aims to sell 1 million EVs in India by 2030
Landmark Cars is currently trading at Rs. 766.25, up by 47.75 points or 6.65% from its previous closing of Rs. 718.50 on the BSE. The scrip opened at Rs. 748.55 and has touched a high and low of Rs. 785.75 and Rs. 748.55 respectively. So far 15916 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 901.95 on 07-Feb-2024 and a 52 week low of Rs. 441.00 on 15-Mar-2023. Last one week high and low of the scrip stood at ...
Landmark Cars zooms on getting LoI from MG Motor India for opening dealership in Ujjain
SAIC Motor and the JSW Group on Thursday announced a strategic joint venture. SAIC Motor is a global fortune 500 company with annual revenues of around US$ 110 billion and has a presence in over 100 countries while the JSW Group is one of India’s leading global business conglomerates with US$ 23 billion in revenues across diversified businesses. The Shareholder Agreement and Share Purchase & Share Subscription agreement were signed by the President of SAIC Wang Xiaoqiu a...
SAIC Motor, JSW Group announce joint venture
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