MG Motors

JSW MG Motor India Partner Ecofy For EV Financing

JSW MG Motor India have announced that it partnered with Eversource Capital-backed NBFC Ecofy to provide financing and leasing solutions for its electric vehicles. According to a release, the two businesses have inked a Memorandum of Understanding (MoU) under which Ecofy will offer leasing and financing options for up to 10,000 JSW MG EVs over […]

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MG Motors Establishes 500 EV Chargers In 500 Days In India

MG Motors in India has announced that it has set up 500 chargers in 500 days as part of its MG Charge initiative in India. Gaurav Gupta, Chief Growth Officer, MG Motor India said, “MG aspires to do more than provide cutting-edge electric vehicles. This landmark of installing 500 chargers in as many days underscores […]

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MG Motors, BatX Partner For Off-grid Solar-EV Charging Stations

MG Motor India has announced its collaboration with Lithium-ion battery recycling firm BatX Energies for India’s first-ever off-grid, solar-EV charging station powered by repurposed MG EV batteries, marking a significant advancement in sustainable mobility. The product was inaugurated by Professor Ajay Sood, Principal Scientific Advisor to the Union government, in an event organized on the […]

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MG Motors Witnesses A 21% Growth In Sales In First Half of 2023

British automobile company MG Motors announced selling 29,000 cars in India in the first half of 2023. With this, the firm claimed to have registered a growth of 21 percent on a Year-on-Year (YoY) basis.  It was in contrast to the total sales of its cars in the first half of 2022. During the first […]

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HDFC Bank to Make Significant Investments in EV Loans

Despite certain setbacks on the level of the auto industry, HDFC Bank is seeking to triple its financing for electric vehicle (EV) purchases in the next three years. This is due to an early assessment that lending is proving to be profitable. The banking institution aims to triple the ebook dimension by 2025 after initially […]

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MG Motor Becomes First Auto Firm To Adopt Wind Solar Hybrid Energy

MG Motor India has partnered with Clean Max Enviro Energy Solutions Pvt Ltd (CleanMax), for the supply of 4.85 MW of wind-solar hybrid power to MG’s manufacturing facility in Halol. With this partnership, MG will abate approximately 2 lakh MT of CO2 over 15 years. Thus, even as auto firms have moved forward across the […]

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MG and Fortum to set up 50 KW Fast EV Charging Stations

MG Motor India and Fortum have undertaken the first step towards creating EV Fast Charging infrastructure in the country. As part of its commitment towards sustainable mobility, MG Motor India and Fortum Charge & Drive India have undertaken the first step towards creating DC EV Fast Charging infrastructure (50 KW) in the country. The carmaker […]

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