Latest news with #MGWindsor
NDTV
2 days ago
- Automotive
- NDTV
MG Retails 6,304 Cars In May 2025, Clocking Over 40 Per Cent YoY Hike
JSW MG Motor India reported monthly sales of 6,304 units in May 2025. This is a year-on-year (YoY) growth of 40% over the 4510 units sold in May 2024. The company has revealed that the recently launched Essence PRO and Exclusive PRO variants of MG Windsor receive overwhelming response from car buyers. JSW MG Motor India has recently launched the two new variants of India's best-selling EV Windsor in PRO series: Essence Pro and Exclusive PRO. The MG Windsor PRO variants come with a larger 52.9 kWh battery pack, offering a certified range of 449 km. The top-spec 'Essence PRO' also offers premium features including Level 2 Advanced Driver Assistance Systems (ADAS), as well as Vehicle-to-Vehicle (V2V) and Vehicle-to-Load (V2L) charging capabilities. With the impressive performance of the MG Windsor and its variants, JSW MG Motor India has strengthened its position as one of India's most trusted and leading electric vehicle (EV) brands. This success is driven by the MG EVs' outstanding and impressive design, exhilarating performance, and a distinctive range accuracy across its model lineup, making it a compelling choice for Indian car buyers. Also, the company is preparing to launch three new cars in the Indian market. First on the list is an all-electric roadster - Cyberster. It will be a rival to the likes of the Porsche Boxster and BMW Z4. Next up, the MG M9 luxury MPV will be introduced in the country to lock horns with the Kia Carnival. This will be an EV too. Lastly, the MG Majestor will enter the market as a more premium avatar of the Gloster SUV. All of these vehicles were showcased by the brand at the Auto Expo this year.
Time of India
3 days ago
- Automotive
- Time of India
JSW MG Motor India sales up 40% to 6,304 units in May
JSW MG Motor India recorded sales of 6,304 vehicles in May 2025, registering a 40 per cent year-on-year increase from 4,510 units sold in May 2024. In April 2025, the carmaker sold 5,829 units, up 23 per cent from 4,725 units sold in April 2024. EV portfolio contribution The company stated that the Windsor and its new PRO variants have contributed significantly to monthly performance. JSW MG Motor India said its EV portfolio continues to attract buyers due to its feature offerings and claimed range. 'With the impressive performance of the MG Windsor and its variants, JSW MG Motor India has strengthened its position as one of India's most trusted and leading electric vehicle (EV) brands,' the company said in a media release.
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Business Standard
23-05-2025
- Automotive
- Business Standard
Hybrid vehicles complementing growth of EVs in India: HSBC report
Hybrid vehicles have complemented the growth of electric vehicle sales in India rather than competing with the latter, according to a report by HSBC Global Research. Reiterating that the Indian automotive landscape will remain a multi-powertrain industry over the medium to long term, HSBC Global Research said hybrids, CNGs, and biofuels are practical medium- to long-term solutions, while the country moves towards eventual electrification. "We think Strong Hybrid Electric Vehicles (SHEVs) and Battery Electric Vehicles (BEVs) are not cannibalising each other but, rather, are attracting different sets of customers," the report said. In states where incentives are offered for SHEVs, BEV sales have also seen strong growth, it added. "In FY25, the growth in EV sales was similar to the growth in SHEV sales, despite incentives being offered on SHEVs by Uttar Pradesh, the largest PV-selling state in India. This trend suggests that SHEV adoption is having a positive effect on BEV sales," the report pointed out. Asserting that the perception that promoting SHEVs will hinder EV adoption is misplaced, the report said, "This is not a zero-sum game, but rather an incremental opportunity where incentivising SHEVs contributes to the broader development of the clean mobility ecosystem, benefiting BEVs and advancing overall market growth." It noted that EV penetration has improved with new model launches over the last six months. Four-wheeler (4W) EV penetration has improved from 1.9 per cent in the first half of FY25 to 2.5 per cent in the fourth quarter of FY25 and 3.2 per cent in the first quarter of QFY26 quarter-to-date period, driven by launch on MG Windsor and M&M BEVs, the report said. The SHEV share in total PV has increased to 2.4 per cent in FY25 from 2.1 per cent in FY24. Customers are willing to buy an EV if the value proposition is right, it said, citing examples of MG Windsor which addressed concerns about the replacement cost of the battery after 7-8 years by giving leasing solutions; while M&M's BEVs addressed the range anxiety concerns with a large battery and made EV a style statement. The report noted that SHEVs, launched by MSIL and Toyota Kirloskar in September 2022, appear to have gained market share from diesel variants during FY23 and FY24. However, hybrids stabilised in FY25 as the share from diesel variants was stable during the year. This was despite incentives being offered by multiple states during the year, it said, adding that new model launches and government incentives will drive hybrid penetration growth in the near term.
NDTV
23-05-2025
- Automotive
- NDTV
Indias Electric Vehicle Penetration Banking On Hybrid Cars: HSBC
New Delhi: Hybrid vehicles have complemented the growth of electric vehicle sales in India rather than competing with the latter, according to a report by HSBC Global Research. Reiterating that the Indian automotive landscape will remain a multi-powertrain industry over the medium to long term, HSBC Global Research said hybrids, CNGs, and biofuels are practical medium- to long-term solutions, while the country moves towards eventual electrification. "We think Strong Hybrid Electric Vehicles (SHEVs) and Battery Electric Vehicles (BEVs) are not cannibalising each other but, rather, are attracting different sets of customers," the report said. In states where incentives are offered for SHEVs, BEV sales have also seen strong growth, it added. "In FY25, the growth in EV sales was similar to the growth in SHEV sales, despite incentives being offered on SHEVs by Uttar Pradesh, the largest PV-selling state in India. This trend suggests that SHEV adoption is having a positive effect on BEV sales," the report pointed out. Also Read - Kia Carens Clavis Variant-Wise Price Revealed Asserting that the perception that promoting SHEVs will hinder EV adoption is misplaced, the report said, "This is not a zero-sum game, but rather an incremental opportunity where incentivising SHEVs contributes to the broader development of the clean mobility ecosystem, benefiting BEVs and advancing overall market growth." It noted that EV penetration has improved with new model launches over the last six months. Four-wheeler (4W) EV penetration has improved from 1.9 per cent in the first half of FY25 to 2.5 per cent in the fourth quarter of FY25 and 3.2 per cent in the first quarter of QFY26 quarter-to-date period, driven by launch on MG Windsor and M&M BEVs, the report said. The SHEV share in total PV has increased to 2.4 per cent in FY25 from 2.1 per cent in FY24. Customers are willing to buy an EV if the value proposition is right, it said, citing examples of MG Windsor which addressed concerns about the replacement cost of the battery after 7-8 years by giving leasing solutions; while M&M's BEVs addressed the range anxiety concerns with a large battery and made EV a style statement. The report noted that SHEVs, launched by MSIL and Toyota Kirloskar in September 2022, appear to have gained market share from diesel variants during FY23 and FY24. However, hybrids stabilised in FY25 as the share from diesel variants was stable during the year. This was despite incentives being offered by multiple states during the year, it said, adding that new model launches and government incentives will drive hybrid penetration growth in the near term.
Time of India
23-05-2025
- Automotive
- Time of India
Hybrid vehicles complementing growth of EVs in India: HSBC report
Hybrid vehicles have complemented the growth of electric vehicle sales in India rather than competing with the latter, according to a report by HSBC Global Research. Reiterating that the Indian automotive landscape will remain a multi-powertrain industry over the medium to long term, HSBC Global Research said hybrids, CNGs, and biofuels are practical medium- to long-term solutions, while the country moves towards eventual electrification. "We think Strong Hybrid Electric Vehicles (SHEVs) and Battery Electric Vehicles (BEVs) are not cannibalising each other but, rather, are attracting different sets of customers," the report said. In states where incentives are offered for SHEVs, BEV sales have also seen strong growth, it added. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Brass Idols - Handmade Brass Statues for Home & Gifting Luxeartisanship Buy Now Undo "In FY25, the growth in EV sales was similar to the growth in SHEV sales, despite incentives being offered on SHEVs by Uttar Pradesh, the largest PV-selling state in India. This trend suggests that SHEV adoption is having a positive effect on BEV sales," the report pointed out. Asserting that the perception that promoting SHEVs will hinder EV adoption is misplaced, the report said, "This is not a zero-sum game, but rather an incremental opportunity where incentivising SHEVs contributes to the broader development of the clean mobility ecosystem, benefiting BEVs and advancing overall market growth." Live Events It noted that EV penetration has improved with new model launches over the last six months. Four-wheeler (4W) EV penetration has improved from 1.9 per cent in the first half of FY25 to 2.5 per cent in the fourth quarter of FY25 and 3.2 per cent in the first quarter of QFY26 quarter-to-date period, driven by launch on MG Windsor and M&M BEVs, the report said. The SHEV share in total PV has increased to 2.4 per cent in FY25 from 2.1 per cent in FY24. Customers are willing to buy an EV if the value proposition is right, it said, citing examples of MG Windsor which addressed concerns about the replacement cost of the battery after 7-8 years by giving leasing solutions; while M&M's BEVs addressed the range anxiety concerns with a large battery and made EV a style statement. The report noted that SHEVs, launched by MSIL and Toyota Kirloskar in September 2022, appear to have gained market share from diesel variants during FY23 and FY24. However, hybrids stabilised in FY25 as the share from diesel variants was stable during the year. This was despite incentives being offered by multiple states during the year, it said, adding that new model launches and government incentives will drive hybrid penetration growth in the near term.
