MG Motor India is expected to outperform the market this year and aims to double sales by 2022.
MG Motor India is expected to outperform the market this year
It was earlier this week that MG Motor India officially unveiled the Astor compact SUV in the country. Scheduled to launch in the coming weeks, it’s essentially a gasoline-powered version of the ZS EV, which is already on sale in India. The Chinese-owned British automaker expects the soon-to-launch compact SUV to be a volume generator. As ETAuto reports, the brand is expected to outperform the market this year and plans to double its monthly volumes by 2022 with the launch of the Astor SUV.
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Rajeev Chaba, president and CEO of MG Motor India, told ETAuto: “At the moment, we have no clarity on the availability of parts with chips. We are facing problems in every line of cars. Once supplies stabilize, we are confident that we should be able to double the (overall) volumes to 7,000-8,000 units each month. “
The automaker is currently only operating at 60-70% of its potential capacity due to the semiconductor shortage. The automaker expects chip supply constraints to improve by the first quarter of next year. He added that it could take up to a year for the situation to completely normalize.
Despite the challenges posed by the COVID-19 pandemic and the chip shortage, the automaker will continue with plans to increase production capacity at its Halol manufacturing plant in Gujarat. The company aims to sell around 80,000 to 1 lakh of units in 2022. The automaker plans to achieve 50,000 unit sales this year.
The MG Astor will be the first SUV in the segment to feature an AI-based personal assistant and ADAS with Level 2 autonomous driving technology. It will be a petrol-only SUV offered with two engines to choose from. While the former is a new 1.5-liter naturally aspirated engine designed to produce 108 hp and 144 Nm of maximum torque, the latter is a 1.3-liter turbocharged unit capable of producing 138 hp and 220 Nm of maximum torque. . This 1.5-liter gasoline will be mated to a manual gearbox and an 8-speed CVT. The turbocharged petrol engine will be fitted as standard with a 6-speed automatic torque converter. Once launched, it will compete with models like the Hyundai Creta and the Kia Seltos.
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