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<keyword id="4233468" type="General" weightage="80" keywordseo="mg-motor-india" source="Orion">MG Motor India</keyword> on Wednesday said it plans to offer majority stakes to local partners over the next 2-4 years as part of a five-year business roadmap in the country. <keyword id="5287148" type="General" weightage="100" keywordseo="mg-motor" source="Orion">MG Motor</keyword> is a British brand which is currently owned by China's largest automaker <keyword id="317281" type="General" weightage="20" keywordseo="saic-motor-corp-" source="Orion">SAIC Motor Corp.</keyword> The automaker, which has lined up Rs 5,000 crore to expand operations in the country by 2028, has been looking to raise capital for sometime now to fund its next phase of growth. The company's plans to bring in more capital to the country from its Chinese parent have not been successful so far. As per industry sources, the automaker has been waiting for government approval for around two years now and has therefore started looking for other options to raise capital. Elaborating on its roadmap, the company said it has plans to set up its second manufacturing plant in the country, taking its installed capacity to 3 lakh units per annum and roll out new products for the domestic market, including electric vehicles, as part of its five-year business roadmap in the country. The company currently rolls out products from its manufacturing plant in <keyword id="6389723" type="General" weightage="20" keywordseo="halol" source="Orion">Halol</keyword>, Gujarat, which it had acquired from <keyword id="4581" type="General" weightage="50" keywordseo="general-motors" source="Orion">General Motors</keyword>. The Halol plant can produce up to 1.2 lakh units per year. The automaker said it aims to launch 4-5 new cars in the country, with a focus on EVs. The company expects its EV portfolio to contribute up to 65-75 per cent of total sales in <keyword id="3658" type="General" weightage="80" keywordseo="india" source="Orion">India</keyword>, it noted. The automaker said it is also exploring setting up cell manufacturing and hydrogen fuel-cell technology through joint ventures or third-party manufacturing. With expansion plans in place, the automaker aims to have a total workforce of 20,000 by 2028. "The company's unwavering dedication to India is deeply ingrained in our <keyword id="16833980" type="DOMAIN" weightage="20" keywordseo="ethos" botkeyword="" source="ET" sourcekeytype="COMPANY" meta.keywordsubtype="EQ" meta.aliasname="ethos" meta.entityname="Ethos Ltd." meta.entityid="23844" meta.seoname="ethos-ltd">ethos</keyword>. As we pave the way for our next phase of sustainable growth, we have outlined a clear roadmap and vision for 2028. Our growth strategy is centred around strengthening localisation, aligning more closely with the government's 'make in India' initiative while innovatively augmenting our promise consistently, and diligently meeting the evolving needs of the market," MG Motor India CEO <keyword id="17374417" type="General" weightage="50" keywordseo="emeritus-rajeev-chaba" source="Orion">Emeritus Rajeev Chaba</keyword> stated. He further said that the automaker is committed to making a positive impact on society. Chaba also highlighted the company's focus on promoting gender diversity. The company said it aims to train 1,00,000 students under its 'MG Nurture' programme. The students will be trained in EV, <keyword id="2572482" type="General" weightage="50" keywordseo="adas" source="Orion">ADAS</keyword> and connected car technologies. MG Motor India sells models like <keyword id="1027495" type="General" weightage="50" keywordseo="hector" source="Orion">Hector</keyword>, Astor, <keyword id="1218145" type="DOMAIN" weightage="20" keywordseo="gloster" botkeyword="" source="ET" sourcekeytype="COMPANY" meta.keywordsubtype="EQ" meta.aliasname="gloster" meta.entityname="Gloster Ltd." meta.entityid="12267" meta.seoname="gloster-ltd">Gloster</keyword> and ZS EVs in the market. It recently introduced a small EV, Comet, in the domestic market. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/sports/news/top-10-fastest-fifties-in-ipl-history/slidelist/100126211.cms">Top 10 fastest fifties in IPL history</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/investment/news/investment-supertrends-2023-ai-to-digitalisation-and-green-energy/articleshow/100126382.cms">AI to digitalisation and green energy: Supertrends defining investment for today and the future</a>

MG Motor India plans to dilute majority stakes to local partners

<keyword id="4233468" type="General" weightage="100" keywordseo="mg-motor-india" source="Orion">MG Motor India</keyword> on Wednesday announced the prices for its next-gen <keyword id="1027495" type="General" weightage="20" keywordseo="Hector" source="Orion">Hector</keyword>, ranging between Rs 14.72-22.42 lakh (ex-showroom). Hector is now available in five variants -- Style, Smart, Smart Pro, Sharp Pro and Savvy Pro. The company said the SUV is available in five, six, and seven-seater configurations. The next-gen Hector has key safety features such as six airbags and a 360-degree HD camera. Hector was introduced by MG Motor India in 2019. MG Motor India showcased its vision for future mobility - 'Drive Ahead' - at Auto Expo 2023 here. The company unveiled a line-up of 14 production-ready vehicles from its portfolio at the expo. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/maruti-suzuki-unveils-evx-electric-suv-concept-its-first-electric-car/slidelist/96901201.cms">Auto Expo 2023: Maruti Suzuki unveils eVX electric SUV concept, its first electric car</a> <a href="https://www.businessinsider.in/business/auto/news/aman-gupta-and-anupam-mittal-backed-revamp-moto-launches-its-first-transformable-ev/articleshow/96790725.cms">Shark Tank S1 winner Revamp Moto launches an EV that lets you add a child seat, freezer box and more</a> <a href="https://www.businessinsider.in/business/auto/news/qualcomm-introduces-ride-flex-soc-partners-with-visteon-to-help-build-next-gen-digital-cockpits/articleshow/96763185.cms">Qualcomm introduces Ride Flex SoC, partners with Visteon to help build next-gen digital cockpits</a>

Auto Expo 2023: MG Motor India announces next-gen Hector price starting at Rs 14.72 lakh

<keyword id="5287148" type="General" weightage="20" keywordseo="mg-motor" source="Orion">MG Motor</keyword> India on Wednesday reported 7 per cent drop in retail sales at 4,193 units in February over the same month a year ago. The company had sold total 4,528 units in February 2022. The carmaker said that while booking for the Next-Gen Hector is positive, "the supply situation of select variants is impacted." <keyword id="503537" type="General" weightage="20" keywordseo="mg" source="Orion">MG</keyword> Motor India is also focused on ramping up the production of premium SUV MG Gloster to cater to the SUV demand, the company said. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/tata-nexon-harrier-and-safari-dark-editions-offering-more-features-at-at-higher-price/slidelist/98173634.cms">Nexon, Harrier and Safari Dark editions launched – price, specs and more</a> <a href="https://www.businessinsider.in/business/auto/news/yamaha-fascino-125-ray-zr-and-ray-zr-street-rally-launched-in-india-price-specifications-and-more/slidelist/98114951.cms">Yamaha Fascino 125, Ray ZR and Ray ZR Street Rally launched in India – price, specs, more</a> <a href="https://www.businessinsider.in/business/auto/news/audi-q3-sportback-launched-in-india-price-specs-and-features/slidelist/97910330.cms">Audi Q3 Sportback launched in India – price, specs and features</a>

MG Motor India February sales fall 7% to 4,193 units

New Delhi [India], November 29: The SUV segment is witnessing tremendous growth in India. Attractive designs, feature-loaded cabins, higher ground clearance for broken roads, and butch road presence are some of the reasons behind the surging popularity of SUVs. Mahindra &amp; Mahindra, with its strong SUV heritage, currently has three of the hottest-selling SUV models in its portfolio - the <keyword id="6871125" type="General" weightage="20" keywordseo="xuv700" source="Orion">XUV700</keyword>, <keyword id="177599" type="General" weightage="20" keywordseo="thar" source="Orion">Thar</keyword>, and <keyword id="13987144" type="General" weightage="20" keywordseo="scorpio-n" source="Orion">Scorpio N</keyword>. Owing to the high demand from customers, these vehicles command waiting periods ranging from 3 months to as long as 16 months! Mahindra XUV700: Up to 9 Months Waiting The XUV700, launched in 2021, is Mahindra's new flagship SUV. With its aggressive styling, premium interiors, potent engine options and generous features, the XUV700 has struck a chord with Indian SUV buyers. Pricing &amp; Positioning The XUV700 is a midsize SUV priced from Rs 14.03 lakhs to Rs 26.57 lakhs (ex-showroom). It competes primarily with 5/7-seater SUVs like Tata Safari, MG Hector Plus, Hyundai Alcazar and Skoda Kodiaq. Design &amp; Engineering The XUV700 has a bold and muscular exterior profile accentuated by the sleek LED headlamps integrated with the grille. The interior follows a black and beige dual-tone theme with soft-touch materials and premium finishes. Underpinning the SUV is a monocoque chassis made using high-tensile steel for rigidity and safety. Variants &amp; Colour Options It is offered in 2 broad trims - MX and AdrenoX (AX), comprising AX3, AX5 and AX7 variants. Colour options include Everest White, Midnight Black, Dazzling Silver, Red Rage and Electric Blue. Engine, Transmission &amp; Mileage The XUV700 lets buyers choose between two powerful engine options - a 2.0-liter turbocharged petrol and a 2.2-liter diesel motor. The petrol engine churns out 200 horsepower while the oil burner produces 185 horses. Both engines come mated to 6-speed manual as well as automatic transmissions. The top-end AX7 diesel variant also offers an optional all-wheel drive system for enhanced grip and control. In terms of fuel efficiency, the official ARAI testing claims the XUV700 delivers anywhere between 16-20 km/litre, depending on the exact variant you pick. Interior, Comfort &amp; Safety Features The XUV700's cabin offers an expansive space and a long list of features. It gets a large 10.25-inch touchscreen, panoramic sunroof, 7-inch digital driver display, connected car features, 6-way powered driver seat, dual-zone climate control, 12-speaker Sony sound system and more. Safety is comprehensively addressed with up to 7 airbags, ABS with EBD, ESP, hill-hold control, tyre pressure monitoring system and ADAS tech. The ADAS suite includes adaptive cruise control, autonomous emergency braking, lane departure warning, blind-view monitoring and more. Why is it in High Demand? The XUV700 strikes an excellent balance between features, performance and price. The SUV looks ultra-modern, offers a premium connected car experience at par with cars from higher segments, provides spirited performance, and focuses on safety. Attractive pricing has sealed the deal for buyers as the XUV700 offers terrific value. Mahindra Thar: 15-16 Months Waiting Period The new 2nd generation Thar went on sale in 2020. With its iconic retro design, unrivalled off-roadability and modern creature comforts, the SUV has become a hot seller, with waiting times extending to 15-16 months. Pricing &amp; Positioning The new Thar is priced from Rs 10.98 lakhs to Rs 16.94 lakhs (ex-showroom). It fills the slot of an affordable compact off-road SUV, similar to Force Gurkha. Design &amp; Engineering The new Thar carries forward the charm of the original Thar with its boxy profile, round headlamps and removable doors/roof. The interiors now get a major upgrade with touchscreen infotainment, steering-mounted controls, rear parking sensors, remote key and more. It retains rugged mechanics like a 4WD drivetrain, mechanical locking differentials, low-range gearbox and high ground clearance. Variants, Colors &amp; Seating Options It is offered in AX(O) and LX variants with a choice of 6 colours and a 4-seater configuration. Engine, Transmission &amp; Mileage Engine options include - 1.5L diesel, 2.0L turbo petrol and 2.2L diesel. Gearbox choices for these motors are 6-speed manual and automatic. ARAI mileage ranges from 15-18 km/l. Interior, Comfort &amp; Safety Features The cabin now features a 7-inch touchscreen, power windows, remote keyless entry, rear parking sensors, tilt adjustable steering and more. Safety is taken care of by dual airbags, ABS with EBD, rear parking sensors, seat belt reminders and more. Why is it Popular? The Thar blends iconic design, excellent off-road hardware, and modern comfort &amp; convenience features. Its capabilities to conquer rough terrain are unparalleled in its price range. The new Thar offers a unique driving experience - open-air motoring with the wind in your hair! Mahindra Scorpio N: Up to 11 Months Waiting Period The "Big Daddy of SUVs," the all-new 3rd generation Scorpio N, is the latest addition to Mahindra's SUV portfolio. Launched in 2022, the SUV has received a strong response, with bookings exceeding 1 lakh units, resulting in waiting periods of up to 11 months. Pricing &amp; Positioning The Scorpio N is positioned as an affordable 7-seater midsize SUV with prices ranging from Rs 13.26 lakhs to Rs 24.54 lakhs (ex-showroom). It rivals the MG Hector, Tata Harrier and Kia Seltos. Design &amp; Engineering The Scorpio N sports a radical design overhaul inside and out. The sophisticated new styling is complemented by a high-quality cabin loaded with features. Underpinning it is an advanced new 3rd generation body-on-frame platform. Variants, Colors &amp; Seating Options It is sold in Z2, Z4, Z6 and Z8 variants. Dual-tone colour themes are available across variants. Choice of 6 or 7-seater layouts. Engine, Transmission &amp; Mileage The Scorpio N lets you pick between two powertrain options - a 2.2-litre diesel engine and a 2.0-litre turbo-petrol motor. The oil burner churns out 132 PS of peak power while the turbo-petrol generates a healthy 203 horses. Both these engines come mated to 6-speed manual as well as automatic gearbox options. So whether you prefer self-shifting or the convenience of an auto, the Scorpio N has got you covered. In terms of efficiency, Mahindra claims the SUV can deliver up to 18 km/l as per ARAI tests. Real-world mileage is likely to be in the 12-15 km/l ballpark, which is quite respectable for this class of vehicle. Interior, Comfort and Safety Features The feature-loaded cabin gets an 8-inch touchscreen, UVO-connected car tech, 12-speaker Sony sound system, dual-zone climate control, 6-way powered driver seat, panoramic sunroof and more. The safety kit consists of 6 airbags, ABS with EBD, hill descent control, rear parking camera, TPMS and more. Higher variants also add on ADAS tech. Why is it in demand? The Scorpio N impresses with its striking new design, premium interiors, powerful engine performance and extensive features. Generous space for seven adults, strong build quality, and Mahindra's trusted brand name further attract buyers. The Bottom Line Attractive pricing, modern designs and extensive feature lists make the XUV700, Thar and Scorpio N a hit among SUV buyers. As a result, customers are facing long waiting periods of 3 to 16 months, depending on the chosen model and variant. However, the lengthy wait is well worth it, considering the excellent package Mahindra has put together with these new-age SUVs. (ADVERTORIAL DISCLAIMER: The above press release has been provided by ATK. will not be responsible in any way for the content of the same)

Thar, Xuv700, Scorpio N are the Mahindra's highest waiting cars

The number of connected <keyword id="36810" type="General" weightage="20" keywordseo="vehicles" source="Orion">vehicles</keyword> in service will reach 367 million globally in 2027, from 192 million in 2023, a new report showed on Monday. According to <keyword id="708241" type="General" weightage="80" keywordseo="juniper-research" source="Orion">Juniper Research</keyword>, this growth of 91 per cent will be driven by the advancement of both <keyword id="2572482" type="General" weightage="80" keywordseo="adas" source="Orion">ADAS</keyword> (Advanced Driver Assistance Systems) and increasing the capabilities of in-vehicle infotainment systems. Connected vehicles are those which come equipped with communication technologies that allow the exchange of information between the various elements of the transport system and third-party services. Moreover, the research found that operators are critical to unlocking new use cases, such as <keyword id="1710860" type="General" weightage="20" keywordseo="autonomous-driving" source="Orion">autonomous driving</keyword> and data-heavy infotainment via 5G; representing a $3.6 billion opportunity for providing 5G connectivity enablement in 2027 globally. "5G can allow automotive OEMs to upgrade the in-vehicle experience. In a vehicle market transitioning to electric vehicles, improving the user experience is key. Operators hold the critical role in enabling this in a reliable way, making them the partners of choice as their 5G networks rapidly expand," said Research co-author <keyword id="12585121" type="General" weightage="80" keywordseo="nick-maynard" source="Orion">Nick Maynard</keyword>. Further, the research predicts that by 2027, commercial vehicles will account for only 20 per cent of all connected vehicles worldwide, a slight increase from 16 per cent at the end of 2023. The research also found that commercial vehicle design does not leverage connectivity beyond basic emergency call features and basic connected infotainment systems, though this is changing as businesses prioritise tracking and logistics capabilities. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/2023-mg-hector-facelift-unveiled-in-india-with-adas-take-a-closer-look-at-whats-new/slidelist/96850097.cms">2023 MG Hector Facelift unveiled in India with ADAS - take a closer look at what’s new</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/affordable-2-wheel-drive-variant-of-thar-launched-by-mahindra-at-9-99-lakh-check-details/slidelist/96850719.cms">Affordable 2-wheel-drive variant of Thar launched by Mahindra at ₹9.99 lakh - check details</a>

Connected vehicles to surpass 367 mn globally by 2027: Juniper Research

<ul><li>MG Hector has officially launched in India today. </li><li>The car has 10,000 bookings already since its bookings opened on June 4. </li><li>MG Hector has been priced at ₹12.18 lakh. </li></ul>The iconic carmaker MG Motors has made its way onto the Indian roads. The British company which is now owned by Chinese SIAC entered the India automobile market with a a mid-size SUV, MG Hector. While the car officially launched in India today with a starting price of ₹12.18 lakh, its bookings had opened in June. And, it has 10,000 of them already with a 2-4 month waiting period. The deliveries of the car will begin on July 1. Earlier in June 2019, MG Motors launched its flagship store in Gurugram, along with a network of 120 centers across the country. The manufacturer plans to increase it to 250 centers by September this year. "The one-of-its-kind flagship experience store redefines the traditional car buying experience in India, in line with the demands and requirements of new-age customers,” said Rajeev Chaba, President and Managing Director, MG Motor India during the launch. The car competes with the likes of Tata Harrier, Mahindra XUV 500, Hyundai Creta along with the awaited launch of Kia Seltos.

MG Hector launches in India – has 10,000 bookings with a 4-month waiting period

<ul><li>Even as the Indian auto industry is facing a massive slowdown, new entrant <keyword id="7205241" type="UNKNOWN" weightage="20" keywordseo="mg-hector">MG Hector</keyword> has managed to rake in 21,000 bookings. </li><li>The carmaker has now closed bookings temporarily as it can’t handle the initial high demand. </li><li>Its bookings had opened on June 4.</li></ul>Barely a month since its launch, MG Hector has sold out its stock in India, and temporarily closed bookings as it is unable to handle the high demand. The carmaker has received more than 21,000 bookings for MG Hector since June 4. It is touted to be India’s first internet car, as per company claims. “Our first product, MG HECTOR, has received an overwhelming response and we are unable to cater to such high initial demand. We are, therefore, closing bookings temporarily as this will help ensure timely and orderly deliveries for our customers who have shown tremendous confidence in MG. We are also working with our component suppliers to ramp up production in a gradual manner without any compromise on quality,” said Rajeev Chaba, President &amp; MD, MG Motor India. The date of re-opening of bookings will be announced soon. According to the company, it plans to increase production for the Hector at its Halol manufacturing facility in Gujarat by 3000 units per month. The top 2 variants – Smart and Sharp – have registered the highest demand, with over 50% reservations for the petrol variants. Interestingly, these bookings came at a time when India’s auto industry is facing tough times with sales slowdown, and subsequent production cuts by large automakers. Moreso, many dealerships too have closed down across the country. The British company which is now owned by Chinese SIAC however marked a spectacular debut in the India market, in spite of its headwinds. It entered the India automobile market with a mid-size SUV, MG Hector. In June, MG Motors launched its flagship store in Gurugram, along with a network of 120 centers across the country. The manufacturer plans to increase it to 250 centers by September this year.

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MG Motor India plans to dilute majority stakes to local partners

PTI

Auto Expo 2023: MG Motor India announces next-gen Hector price starting at Rs 14.72 lakh

PTI

MG Motor India February sales fall 7% to 4,193 units

PTI

Thar, Xuv700, Scorpio N are the Mahindra's highest waiting cars

ANI

Connected vehicles to surpass 367 mn globally by 2027: Juniper Research

IANS

MG Hector launches in India – has 10,000 bookings with a 4-month waiting period

Sanchita Dash

MG Hector SUV stops bookings in India after 21,000 in a month

Sanchita Dash

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