MG Motor launches cheapest EV in India, starting at Rs 7.98 lakh
MG Motor Comet EV launch, Comet EV on road price: MG Motor India on Wednesday launched its latest model Comet at an introductory price of Rs 7.98 lakh (ex-showroom), making it the most affordable electric car in the country.
MG Motor Comet EV launch, Comet EV on road price, Comet EV vs Tiago EV: MG Motor India on Wednesday launched its latest model Comet at an introductory price of Rs 7.98 lakh (ex-showroom), making it the most affordable electric car in the country. Comet is the company's second electric vehicle model after ZS EV, which has a starting price of Rs 23.38 lakh. Till now, Tata Motors' hatchback Tiago EV has been the most affordable electric car in the country with prices ranging from Rs 8.69 lakh and Rs 11.99 lakh (ex-showroom all India).
"The Comet EV is more than just a car; it represents our determination to change the way we commute in our cities," MG Motor India President & Managing Director Rajeev Chaba said in a statement.
Comet EV is built on the pure electric GSEV platform, the fastest to hit the one million EV sales mark globally, he added.
"At MG, we understand that the future of mobility is electric and connected. With the Comet EV, we aim to empower our customers to make a smart choice without compromising on style or convenience," Chaba said.
MG Motor, a wholly-owned arm of China's SAIC Motor Corp, has invested around Rs 700 crore in the development of Comet, which would be rolled out from its Halol-based plant in Gujarat.
Comet comes with a driving range of around 230 km on a single charge. It comes with a 17.3 KWH lithium-ion battery and can be fully charged in around 7 hours.
The two-door hatchback comes with an automatic transmission, two front airbags and a reverse parking camera, among various other features.
With the government focusing on electric segment, various carmakers are introducing new models. Maruti Suzuki also plans to have six mass segment electric cars in its portfolio by 2030.
For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Top 7 Mutual Funds With Highest Returns in 10 Years: Rs 10 lakh investment in No 1 scheme has turned into Rs 79,46,160 in 10 years
Fundamental picks by brokerage: These 3 largecap, 2 midcap stocks can give up to 28% return - Check targets
Retirement Planning: Investment Rs 20 lakh, retirement corpus goal Rs 3.40 crore; know how you can achieve it
SIP vs PPF: How much corpus you can build in 15 years by investing Rs 1.5 lakh per year? Understand through calculations
SBI Senior Citizen Latest FD Rates: What senior citizens can get on Rs 7 lakh, Rs 14 lakh, and Rs 21 lakh investments in Amrit Vrishti, 1-, 3-, and 5-year fixed deposits
Tamil Nadu Weather Alert: Chennai may receive heavy rains; IMD issues yellow & orange alerts in these districts
09:38 AM IST