Increasing shift to Electric Vehicles from ICEs…! MG recorded growth of 145% in sales for ZS EV, at 2798 in the year 2021 – EQ Mag Pro

Owners of MG Hectors realize resale values ranging from 80% to 100% for their SUVs

The key aspects –

Owner of Hector Smart Diesel variant upgrades to MG ZS EV (Exclusive variant)

• Exchanges in old Hector at a staggering Rs. 16.5 lakhs
• Realizes 101% resale value for Hector
• Pays just Rs. 7.95 lakhs to take home new MG ZS EV, Exclusive variant

Another customer of Hector upgrades to EV after getting 83% resale value

• ZS EV is a premium European EV with a high range of 419 KM
• ZS EV is also the preferred second car for customers who have luxury marques like Mercedes, JLR, Volvo, etc..

New Delhi: A gradual shift to Electric Vehicles from ICEs is observed owing to environmental consciousness and economic reasons among car buyers. The pollution levels remain a concern, and collective efforts among sections of society, can help control the related pollution.

The move to EV is most visible among MG owners. MG Motor India offers the most value-for-money electric vehicle – MG ZS EV, based on the global popular platform from their home country, the UK that has a certified range of 419 Kms in one full-charge, the longest range offered compared to any EV in India.

The ZS EV continues to attract customers’ interest in India as MG averages 700 bookings per month. ZS EV’s success in the market marks the beginning of a truly collaborative ecosystem-building approach to electric vehicles in India. As compared to the year 2020, the company has exhibited growth of 145% in sales for ZS EV, at 2798 in the year 2021.

MG cars come as value for money machines, as their owners have known to get industry best exchange & resale values ranging from 80% to 100% for their SUVs. Nitin Agarwal from Pune, an owner of Hector Smart Diesel realize 101% resale value for his car when upgrading to an MG ZS EV. The customer exchanged his old Hector at a staggering Rs. 16.5 lakhs and paid just Rs. 7.95 lakhs to take home the new MG ZS EV, Exclusive variant.

Another customer, Deepak Singh from Mumbai has upgraded from Hector 2019 to ZS EV in 2021. The customer had acquired the Hector in 2019 for an ex-showroom price of Rs. 16.78 lac and sold it for Rs. 14 lac. Thus, realising a resale value of 83% after retention of 29 Months. Apart from the loyal MG customers making the shift to ZS EVs, owners of other brands are also seeing value in exchanging their ICEs with MG ZS EV. Seema Rawal from Rohini New Delhi, a customer of Jeep wanted to move to an EV. She decided to exchange her Jeep for the ZS EV.

Deteriorating Air-Quality

The automotive industry is going through a transition to alternative and less energy-intensive options of mobility, in a bid to reduce the environmental impact. The issue is, High levels of pollution and Climate Change. The existing city pollution e.g., Mumbai’s air category to turned poor, according to the ‘System of Air Quality and Weather Forecasting And Research’ (SAFAR). Mumbai’s Air Quality Index points at the ‘poor’ category, which remained so over the weekend. The overall AQI of Mumbai was over 220 µgm-3.

Similarly, Delhi’s Air Quality Index (AQI) pointed at 53 in the ‘satisfactory’ category today, as per SAFAR data. The air quality of Noida is at 66 and of Gurugram also is in the ‘satisfactory’ category at 90. The National Capital Region experienced intermittent rain spells and thick-blanket of fog/ smog over the weekend.

Increasing Household Expenses & Lifestyle

The pollution levels remain a concern; and only self-conscious approach collectively among sections of society, can help control the related pollution causing agents to express one’s sentiment of Care, adopt lifestyles that leave the least carbon footprint possible… The increasing monthly budgetary expenses of households and the issue further compounded by fossil fuel prices touching the skies, a large section of the middle-class is on the lookout to economize.

Environment-friendly vehicles: The quest for environment-friendly vehicles is gaining prevalence amongst people. Green earth and a sustainable future are not new concepts. People are looking for electric vehicles (EVs) to minimize their carbon footprint.

According to a report by JMK Research and Analytics – December 2021 Electric Vehicle registrations crossed the 50,000 units mark in a month. Overall EV sales in December clocked 50,866 units, recording a 240% year-on-year growth from the number recorded in the corresponding month last year.

MG ZS EV comes with a best-in-class 44.5 kWh Hi-Tech battery and has a certified range of 419 KM*. Equipped with new 215/55/R17 tyres, the vehicle and battery-pack ground clearances have been increased to 177 mm and 205 mm, respectively. ZS EV comes in two variants, Excite and Exclusive, with price starting from Rs. 21.49 Lac.

The MG ZS EV comes with 143 PS power and 350 Nm torque and can reach from 0 to 100 kmph in 8.5 seconds. It is available in two variants – Excite & Exclusive. As India’s first pure electric internet SUV, it adopts MG signature global design cues and comes loaded with features such as a panoramic sunroof, 17-inch diamond-cut alloy wheels, PM 2.5 Filter, and more. Along with the ZS EV, MG extends its customers a 5-way charging ecosystem including free-of-cost AC fast-charger at residences/offices, portable in-car charging cable, DC superfast charging stations at dealerships, 24×7 charge-on-the-go facility (in 5 cities), and charging stations in satellite cities and tourist hubs.

MG Motor India has a state-of-the-art manufacturing facility in Halol, Gujarat, has an annual production capacity of 80,000 vehicles and employs nearly 2,500 workforces. Driven by its vision of CASE (Connected, Autonomous, Shared, and Electric) mobility, the cutting-edge automaker has augmented across-the-board ‘experiences’ within the automobile segment today. It has introduced several ‘firsts’ in India, including India’s first Internet SUV – MG Hector, India’s first Pure Electric Internet SUV – MG ZS EV, and India’s first Autonomous (Level 1) Premium SUV – MG Gloster and MG Astor – India’s first SUV with personal AI assistant and Autonomous (Level 2) technology.

About MG Motor

Founded in the UK in 1924, Morris Garages vehicles were world-famous for their sports cars, roadsters, and cabriolet series. MG vehicles were much sought after by many celebrities, including the British Prime Ministers and even the British Royal Family, for their styling, elegance, and spirited performance. The MG Car Club, set up in 1930 at Abingdon in the UK, has thousands of loyal fans, making it one of the world’s largest clubs for a car brand. MG has evolved into a modern, futuristic, and innovative brand over the last 96 years.