Chinese automaker SAIC subsidiary MG Motor India has expressed surprise at leaving out of private 4-wheeler electric vehicles (EVs) for support under the FAME II scheme. Under the Rs.10,000-crore FAME II (Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles) scheme announced last week, subsidies will be given to only to 3-wheelers and 4-wheelers used for public transport or registered for commercial purposes. In the two-wheeler segment, the focus will be on private vehicles. The Union Cabinet last week approved the FAME II scheme through which the government plans to support 10 lakh electric two-wheelers, 5 lakh 3-wheelers, 55,000 4-wheelers and 7,000 buses. MG Motor India is gearing up to launch its first pure electric vehicle - the MG eZS in the 4th quarter of this year to kick start it green mobility solution drive, stimulating deep R&D technological expertise and investments in development of various EVs components. As per company exclusion of private elec...

China’s largest automaker SAIC Motor Corporation, which is set to enter the Indian market next quarter with the Morris Garages brand, is considering an additional investment of $350 million in setting up a 2nd manufacturing unit. MG Motor has acquired General Motor’s plant in Halol at an investment of Rs.2200 cr to develop C-segment sports utility vehicle(SUV) for its debut in India and plans to launch 4 vehicles over next 2 years. The Halol plant has a capacity to produce 80,000 vehicles of larger make and for subsequent launches it needs additional manufacturing unit. The company would launch SUV Hector, which will take on the likes of Jeep Compass and Hyundai Tuscon. This will be followed by EV model eZS towards the end of 2019 and by 2020 further 2 more new models would be launched. The company has appointed about 50 dealer principals and plans to start operations with 100 sales and service touch points across India. #autojobs4u #SAIC #MGMotors #India #Automobileindustry #Au...