MG Motor India to launch its EV by end of this year, extend Myles subscription model

MG Motor India on Thursday announced a tie-up with car sharing and subscription player, Myles as part of its next-generation mobility solutions strategy. At the event the company shared its plan to extend Myles subscription model for its electric vehicles that will be launched by the end of this year.

MG Motor India President & Managing Director Rajeev Chaba said “we plan to extend the Myles subscription model for our second vehicle as well a pure electric vehicle (EV) that will be launched by the end of this year.”

The partnership will enable MG Motor India to leverage the existing network of Myles across 21 cities in addition to its own network of 110 sales and service touchpoints, the company said.

MG Motor India is owned by Chinese SAIC Motor Corp and the company plans to invest over Rs 5000 crore in the Indian market. It has already acquired the General Motors’ plant in Halol, Gujarat.

According to reports the new electric vehicle will to be an SUV and will be Made-in-India.

MG Motor India showcased the eRX5 electric SUV to Prime Minister Narendra Modi at the MOVE Global Summit 2018 held in September 2018.

SAIC’s eRX5 has an electric range of 425 kilometres on a single charge and can be charged up to 80% in less than 60 minutes. It also supports fast charging system.

With PTI Inputs

India E-Mobility Show