China's MG Motor undercuts rivals with a $9,800 EV, India's cheapest
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"It is for those who are looking for a smart solution to combat today's urban mobility issues," he said, adding theSales of EVs made up less than 2% of total annualsales in India of 3.9 million vehicles in 2022-23 with Tata Motors dominating the market.
The Comet, which is designed to seat four people, is MG's second EV in the Indian market where it sells the bigger ZS electric sport-utility vehicle . MG Motor expects EVs to account for 25%-30% of its sales in the country in 2023. Rival BYD also launched its first EV in India last year with a plan to corner 40% of the country's electricprices given its small size, Gaurav Vangaal at S&P Global Mobility said.s are not only mobility any more as it becomes part of a lifestyle. We hope MG will find enough customers for its vehicle but may fall short of its production targets," he said.
The EV market is in the grip of a global price war, with BYD setting the starting price for its new Seagull hatchback at 73,800 yuan , about 6.3% lower than its initial
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