+
JSW-MG Motor Forecasts 250% Growth in EV Sales
ECONOMY & POLICY

JSW-MG Motor Forecasts 250% Growth in EV Sales

JSW-MG Motor projects a remarkable 250% increase in electric vehicle (EV) sales for 2024, highlighting a robust growth trajectory in the EV sector. This optimistic forecast reflects the company?s strategic efforts to expand its EV lineup and capitalize on the growing consumer demand for sustainable transportation options.

The anticipated growth is driven by several factors, including advancements in EV technology, enhanced infrastructure, and supportive government policies promoting green energy. JSW-MG Motor plans to introduce new models and improve existing ones to meet the evolving preferences of eco-conscious consumers.

In addition to expanding its product portfolio, the company is focusing on strengthening its distribution network and after-sales support to ensure a seamless customer experience. The increase in EV sales is expected to contribute significantly to the company?s overall revenue and market share in the automotive industry.

The surge in EV sales also aligns with broader industry trends towards electrification and sustainability, positioning JSW-MG Motor as a key player in the transition to cleaner transportation solutions.

Overall, JSW-MG Motor?s forecasted 250% growth in EV sales for 2024 underscores its commitment to advancing the electric vehicle market and meeting the rising demand for eco-friendly automotive options.

JSW-MG Motor projects a remarkable 250% increase in electric vehicle (EV) sales for 2024, highlighting a robust growth trajectory in the EV sector. This optimistic forecast reflects the company?s strategic efforts to expand its EV lineup and capitalize on the growing consumer demand for sustainable transportation options. The anticipated growth is driven by several factors, including advancements in EV technology, enhanced infrastructure, and supportive government policies promoting green energy. JSW-MG Motor plans to introduce new models and improve existing ones to meet the evolving preferences of eco-conscious consumers. In addition to expanding its product portfolio, the company is focusing on strengthening its distribution network and after-sales support to ensure a seamless customer experience. The increase in EV sales is expected to contribute significantly to the company?s overall revenue and market share in the automotive industry. The surge in EV sales also aligns with broader industry trends towards electrification and sustainability, positioning JSW-MG Motor as a key player in the transition to cleaner transportation solutions. Overall, JSW-MG Motor?s forecasted 250% growth in EV sales for 2024 underscores its commitment to advancing the electric vehicle market and meeting the rising demand for eco-friendly automotive options.

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?