JSW MG Motor: EV growth stalled by thin sub-4-meter lineup versus 35 ICE options
JSW MG Motor's MD argues India's EV adoption is supply-constrained, with under 10 EV models in the sub-4-meter/below-₹12-lakh bracket against 35 ICE choices. He urges OEMs to launch more affordable EVs as EV penetration lingers at 7-8% versus 65% for SUVs.
JSW MG Motor's MD says EV growth in India is supply-constrained, with fewer than 10 EV models in the sub-4 meter/under-₹12-lakh bracket versus 35 ICE options, urging OEMs to launch more affordable EVs.
Why this matters
Follows JSW MG Motor's MG ADAPT multi-powertrain platform launch backed by ₹1,400cr Halol investment and its 80% NEV sales target with a first plug-in hybrid this fiscal.
Retail-brand signals accelerating at +328300% QoQ.