- MG Motor India to launch an affordable electric vehicle
- It is likely to hit the local market next financial year
- It will be priced below Rs 15 lakh in the local market
- This would challenge the dominance of Tata Motors
- The company will locally source the batteries
- It is to keep prices competitive
- Tata Motors is the electric vehicle market leader
- It has a share of more than 80 per cent
- It currently has three models – Tiago, Tigor, and Nexon
