ASTOR

MG Motor India introduces 100-year Special Edition models of Comet, Astor, Hector, ZS EV in India with unique design elements. Price details, sales figures, and upcoming Gloster facelift are also mentioned.

A gold watch belonging to John Jacob Astor, the wealthiest passenger on the Titanic, was sold for £1.17 million ($1.46 million) at an auction in England, setting a record for the highest amount ever fetched by an item associated with the 1912 traged...

“The idea is not to reduce prices but rather to pack features and offer vehicles at price points which will enhance the value proposition of our customers,” Rajeev Chaba, CEO emeritus of MG Motor India, told ET at the Bharat Mobility Show on Friday.

The Competition Commission of India (CCI) has granted approval for the JSW Group's plan to acquire a maximum of 38% stake in MG Motor India. The CCI stated that the acquirer, a newly established company, is a wholly owned subsidiary of JSW Internati...

"Our strategic collaboration with SAIC Motor aims to grow and transform the MG Motor operations in India with a focus on green mobility solutions," the JSW Group's Parth Jindal said in a media release. The announcement comes amid increased scrutiny ...

​As per the agreement reached between the two companies, JSW Group will acquire 35% stake in SAIC’s Indian subsidiary MG Motor India for an undisclosed amount. The Chinese auto major will continue supporting the joint venture with advanced technolog...

MG Motor India is planning to revamp its dealership network by closing underperforming dealerships and opening new ones in different locations. The move comes ahead of a potential alliance between MG Motor's Chinese parent company and a private firm...

The maker of Hector and Astor SUVs also assured its dealers on the sustenance of its Indian operations and brand MG post the deal, the automaker informed the dealer partners last week. The company also touched upon plans to launch new models and var...

Meryl Gordon's disappointment with Anderson Cooper's book stems from what she perceives as a lack of originality and thorough research.

The company didn't comment when asked about the prospect of an alliance with JSW Group. ET reported in its June 14 edition that a private company owned by Sajjan Jindal, chairman of JSW Group, aims to buy a stake of as much as 48% in MG Motor India.

The launch of new version of Hector in January, and robust demand for ZS EV, contributed significantly to the growth, MG Motor India said in a statement.

The 95-year old company had been sourcing from India for more than two decades but entered as a retail brand a year ago by forming a subsidiary. Recently, it started opening retail stores, and now has three outlets in India.

MG Motor India sells models like Hector, Astor and ZS EV in the domestic market.

During the month, the company also achieved its highest ever production monthly milestone at 5,008 units, which included 784 units of electric vehicle (MG ZS EV), it added. The company, which had earlier been plagued by chip shortage, said it was ab...

The company stated that its models like Gloster, ZS EV, Hector and Astor continue to do well in the market. "However, the semiconductor availability issue persists, limiting MG to supply only the Astor MT (manual transmission) model for the time bei...

The production remained volatile and immensely impacted by the global supply chain constraints due to the sudden and new COVID-19 lockdowns in different parts of the world, the automaker said in a statement.

The domestic auto industry was looking forward to over 10 per cent growth in 2022 in the beginning of the year but if the current situation persists, it could have an impact on demand as the year progresses, he noted.

When asked about the investment and production capacity for the second plant, he said, "We are looking for close to Rs 4,000 crore for the second plant. We will take our total capacity to 3 lakh units per year with another 1.75 lakh units coming fro...

Sales in March this year was "immensely impacted by the supply chain constraints due to the new COVID-19 variant and the ongoing global semiconductor chip shortage," MG Motor India said in a statement.