Cheapest MG EV in India to be launched in 2023: will it rival Tata Tiago, Tigor EV?

MG is also looking forward to build and grow an ecosystem to cater to its EV market in the country. Rajeev also highlighted the goals of collaborating with startups to deliver customised battery chemistry and charging solutions for the country. The top boss also spoke about the country’s EV market potential and said that it will stay robust in the future. MG also plans to ramp up production of its MG ZS EV compact SUV to 500 units a month.

However, the upcoming MG EV will be slightly above the Tata Tiago EV in terms of pricing. Rajeev Chaba told Autocar India, “We don’t believe in giving the proposition of the cheapest car in its segment. Our focus rather is on offering good value along with contemporary technologies to our customers. We are looking at creating our own segment and providing a unique urban-mobility solution with our new EV.”

The upcoming EV is also likely to be equipped more generously than the Tata Tiago EV. So despite MG’s efforts to bring upto 60 percent localisation, the most affordable EV from the company will still be dearer than the aggressively priced Tata Tiago EV.

MG currently sells the MG ZS EV compact EV SUV in India and starts at a price of Rs 22.58 lakh (ex-showroom). It features a 50.3kWh battery pack paired with a 174bhp electric motor. This powertrain combination claims a range of 461km on a single charge. It gets 17-inch alloy wheels, comprehensive safety equipment, a panoramic sunroof, 10.1-inch central touchscreen, a digital instrument cluster, auto ac, powered seats and more.