As appeal for MPVs (multi purpose vehicle) or ancestors cars assume to be acrimonious up, MG Motor has developed a new 7-8 seater car, a battling of Maruti Suzuki Ertiga which it will advertise at the accessible Auto Expo in February, two bodies acquainted of the development said.
The MPV is best acceptable to be the abutting barrage from the MG abiding by the end of this year, one of the bodies said, abacus the aggregation will be advance about `1,000 crore in developing it and is to be priced amid `12 lakh to `20 lakh.
The accommodation follows the latest advertisement of an MPV barrage — Carnival — by battling Kia Motors and a able bifold chiffre advance in the articulation sales in an contrarily chastened commuter agent demand. To be sure, alike as the all-embracing commuter agent sales beneath over 15% in 2019, appeal for MPVs rose over 30% to 2.10 lakh units, accidental 8% to the commuter agent market. The cars in the articulation are priced amid `6 lakh and `25 lakh and is alone bedeviled by Ertiga, which accounts for about 50% share.
While Renault Triber makes up for a abundant allocation at the access level, Toyota Innova rules the college end of the segment, which has competiton like Maruti’s XL6 and Mahindra Marazzo. MPVs historically had been a agent bedeviled segment, but with manufacturers ablution the petrol variants at a abundant affordable price, abounding consumers accept autonomous for the same. As per the industry data, the allotment of petrol in the articulation affected 35% in 2019 adjoin aloof 5% in 2013.
The MPV by MG Motor will be the third artefact in India afterwards its SUV Hector and electric agent ZS. Apart from the MPV, the aggregation will advertise 13 new cars to its arrest at the Auto Expo, alignment from hatchbacks to sedans to SUVs. MG Motor did not acknowledgment to emails beatific till the time of activity to press.
Following the success of Ertiga and Innova, boilerplate account sales of which hovers about 8,000 units and 5,000 units, respectively, added manufacturers like Mahindra & Mahindra and Renault were the latest aspirant into the segment. Kia Motors will barrage the Carnival MPV on February 5 at the Auto Expo, which will be its additional artefact for India afterwards the bunched SUV Seltos and will sit aloft the Innova Crysta.
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