JSW MG Motor India targets ~80% of sales from new-energy vehicles this year
MG aims for nearly 80% of sales from new-energy vehicles this financial year, launching its first PHEV on the new ADAPT multi-energy platform. The push comes as India's EV penetration crossed 8% in June, with Tata EVs at ~20% and Mahindra at ~12% of PV sales.
JSW MG Motor India targets nearly 80% of sales from new-energy vehicles this year, launching its first PHEV on the new ADAPT multi-energy platform as EV penetration rises amid higher fuel costs.
Why this matters
The 80% NEV target follows JSW MG's Rs 1,400 crore plan to expand its Halol plant to 160,000 units, add four new vehicles and grow its dealer network this fiscal.
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