MG Motor India to drive in an electric vehicle at INR 10-15 lakh by next fiscal

MG Motor India will drive in an electric vehicle priced between Rs 10-15 lakh by the end of the next fiscal to rev up its play in the country's electric mobility space. The company which currently sells electric SUV ZS EV will launch an electric crossover vehicle based on a global platform but customised for the Indian market as its next new product.MG Motor India President and Managing Director Rajeev Chaba Said, "Our next product after SUV Astor, we have been thinking about an EV and now we have been very encouraged with the absolute clarity from the government side that EV is the way to go."  Sharing the company's plans, he added, "We have taken the decision that we are going to introduce an EV by the end of next financial year. On the expected price, he said it will range from Rs 10 lakh to Rs 15 lakh and will target the mass segment of personal electric mobility. Furthermore Mr. Chaba stated, "It is actually a kind of a crossover and this is going to be based on a global platform, which we are going to develop and this will be an EV for mass market for all the emerging