NEW DELHI : MG Motor, owned by China's SAIC Motor, on Wednesday launched the lowest-priced electric car in India, as it seeks to take on local rivals like Tata Motors in the world's third-largest car market.
MG Motor is pitching the Comet EV as an ideal ride for India's congested cities and roads as it is"extremely easy to manouver in the urban jungle", the carmaker's India head Rajeev Chaba said during a virtual launch event. Sales of EVs made up less than 2 per cent of total annual car sales in India of 3.9 million vehicles in 2022-23 with Tata Motors dominating the market. But Prime Minister Narendra Modi's government wants to grow this to 30 per cent by 2030.
Rival BYD also launched its first EV in India last year with a plan to corner 40 per cent of the country's electric car market by 2030.
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