JSW MG Motor India?s ZS EV Records 95% Q-on-Q Growth
16.07.2024 - 16:00:21
Business Wire India
SAIC Motor, a global Fortune 500 company with a presence in over 100 countries and JSW Group (India's leading conglomerate with interests across B2B and B2C sectors) formed a joint venture - JSW MG Motor India Pvt. Ltd. in 2024. The joint venture aims to build a smart and sustainable automotive ecosystem while continuing to stay focused on developing a diverse portfolio of vehicles to give car buyers better access to advanced technologies and futuristic products with attractive value propositions. JSW MG Motor India Pvt. Ltd. is committed to introducing world-class technology, strengthening the manufacturing landscape, best of innovation across its business operations, and generating significant employment opportunities through extensive localisation.
About Morris Garages
Founded in the UK in 1924, Morris Garages vehicles were world-famous for their sports cars, roadsters, and cabriolet series. MG vehicles were much sought after by celebrities, including British Prime Ministers and even the British Royal Family, for their styling, elegance, and spirited performance. The MG Car Club, set up in 1930 at Abingdon in the UK, has thousands of loyal fans, making it one of the world’s largest clubs for a car brand. MG has evolved into a modern, futuristic, and innovative brand over the last 100 years. Its state-of-the-art manufacturing facility in Halol, Gujarat, has an annual production capacity of 1,00,000 plus vehicles and 6,000 direct and indirect employees. Driven by its vision of CASE (Connected, Autonomous, Shared, and Electric) mobility, the innovative automaker has augmented across-the-board ‘experiences’ within the automobile segment today. It has introduced several ‘firsts’ in India, including India’s first Internet SUV – MG Hector, India’s first Pure Electric Internet SUV – MG ZS EV, India’s first Autonomous (Level 1) Premium SUV – MG Gloster, the Astor- India’s first SUV with personal AI assistant and Autonomous (Level 2) technology, and MG Comet – The Street-Smart Car.
Website: www.mgmotor.co.in
Facebook: https://www.facebook.com/MGMotorIN
Instagram: https://instagram.com/MGMotorIN
X: https://twitter.com/MGMotorIn/
LinkedIn: https://in.linkedin.com/company/mgmotorindialtd
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| MG ZS EV, India's first internet EV SUV |
- ZS EV achieves highest-ever monthly retail sales in June 2024
- Both ZS EV and Comet contribute 40% to total sales
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JSW MG Motor India has achieved a significant milestone in its NEV (New Energy Vehicle) journey through its ZS EV, India's first Pure-Electric Internet SUV, recording its highest monthly sales. Sales of the ZS EV increased by 95% in Q2 ’2024 compared to Q1 ’2024, demonstrating its growing appeal among EV buyers in India. Notably, electric vehicles accounted for 40% of the company’s total sales in June, highlighting the rising demand for MG EVs and greater customer acceptance and satisfaction and a shift towards ZS EV.
JSW MG Motor India's June NEV sales increased by 21% year-on-year, further solidifying its strategy for this category. The manufacturer’s overall NEV segment exhibited a 39% growth in Q2 2024 compared to Q1 2024, pointing to an accelerating adoption of its electric vehicles. The company remains committed to investing in advanced technology and NEV infrastructure to support a greener future. Their focus continues to be on providing customers with cutting-edge NEVs that prioritize efficiency, performance, and sustainability.
"Our focus on expanding our electric vehicle portfolio is yielding positive results, as evidenced by the strong sales performance of MG EVs," said, Satinder Bajwa, Chief Commercial Officer, JSW MG Motor India. "The significant contribution of NEVs to our overall sales reinforces our commitment to sustainable mobility. We remain dedicated to supporting the transition to electric vehicles in India and providing our customers with innovative and environmentally friendly transportation solutions," he added.
Beyond the strong sales figures, JSW MG Motor India has taken concrete steps to solidify its position as a leader in India's NEV space and contribute to strengthening and boosting the country’s EV infrastructure. With 6-way charging and its ecosystem partners, JSW MG India has installed more than 15,000 charging touchpoints nationwide, including public and home chargers.
The carmaker has been focused on bringing a world-class technology-enabled futuristic suite of automobile products including the new generation of intelligent connected ICE and NEVs in India. With a strong focus on EVs, the company is also looking at battery assembly at its plant along with cell manufacturing and a major production ramp-up with extensive localisation.
About JSW MG Motor IndiaJSW MG Motor India has achieved a significant milestone in its NEV (New Energy Vehicle) journey through its ZS EV, India's first Pure-Electric Internet SUV, recording its highest monthly sales. Sales of the ZS EV increased by 95% in Q2 ’2024 compared to Q1 ’2024, demonstrating its growing appeal among EV buyers in India. Notably, electric vehicles accounted for 40% of the company’s total sales in June, highlighting the rising demand for MG EVs and greater customer acceptance and satisfaction and a shift towards ZS EV.
JSW MG Motor India's June NEV sales increased by 21% year-on-year, further solidifying its strategy for this category. The manufacturer’s overall NEV segment exhibited a 39% growth in Q2 2024 compared to Q1 2024, pointing to an accelerating adoption of its electric vehicles. The company remains committed to investing in advanced technology and NEV infrastructure to support a greener future. Their focus continues to be on providing customers with cutting-edge NEVs that prioritize efficiency, performance, and sustainability.
"Our focus on expanding our electric vehicle portfolio is yielding positive results, as evidenced by the strong sales performance of MG EVs," said, Satinder Bajwa, Chief Commercial Officer, JSW MG Motor India. "The significant contribution of NEVs to our overall sales reinforces our commitment to sustainable mobility. We remain dedicated to supporting the transition to electric vehicles in India and providing our customers with innovative and environmentally friendly transportation solutions," he added.
Beyond the strong sales figures, JSW MG Motor India has taken concrete steps to solidify its position as a leader in India's NEV space and contribute to strengthening and boosting the country’s EV infrastructure. With 6-way charging and its ecosystem partners, JSW MG India has installed more than 15,000 charging touchpoints nationwide, including public and home chargers.
The carmaker has been focused on bringing a world-class technology-enabled futuristic suite of automobile products including the new generation of intelligent connected ICE and NEVs in India. With a strong focus on EVs, the company is also looking at battery assembly at its plant along with cell manufacturing and a major production ramp-up with extensive localisation.
SAIC Motor, a global Fortune 500 company with a presence in over 100 countries and JSW Group (India's leading conglomerate with interests across B2B and B2C sectors) formed a joint venture - JSW MG Motor India Pvt. Ltd. in 2024. The joint venture aims to build a smart and sustainable automotive ecosystem while continuing to stay focused on developing a diverse portfolio of vehicles to give car buyers better access to advanced technologies and futuristic products with attractive value propositions. JSW MG Motor India Pvt. Ltd. is committed to introducing world-class technology, strengthening the manufacturing landscape, best of innovation across its business operations, and generating significant employment opportunities through extensive localisation.
About Morris Garages
Founded in the UK in 1924, Morris Garages vehicles were world-famous for their sports cars, roadsters, and cabriolet series. MG vehicles were much sought after by celebrities, including British Prime Ministers and even the British Royal Family, for their styling, elegance, and spirited performance. The MG Car Club, set up in 1930 at Abingdon in the UK, has thousands of loyal fans, making it one of the world’s largest clubs for a car brand. MG has evolved into a modern, futuristic, and innovative brand over the last 100 years. Its state-of-the-art manufacturing facility in Halol, Gujarat, has an annual production capacity of 1,00,000 plus vehicles and 6,000 direct and indirect employees. Driven by its vision of CASE (Connected, Autonomous, Shared, and Electric) mobility, the innovative automaker has augmented across-the-board ‘experiences’ within the automobile segment today. It has introduced several ‘firsts’ in India, including India’s first Internet SUV – MG Hector, India’s first Pure Electric Internet SUV – MG ZS EV, India’s first Autonomous (Level 1) Premium SUV – MG Gloster, the Astor- India’s first SUV with personal AI assistant and Autonomous (Level 2) technology, and MG Comet – The Street-Smart Car.
Website: www.mgmotor.co.in
Facebook: https://www.facebook.com/MGMotorIN
Instagram: https://instagram.com/MGMotorIN
X: https://twitter.com/MGMotorIn/
LinkedIn: https://in.linkedin.com/company/mgmotorindialtd
