New Delhi: The trend in the Indian domestic car market is expected to remain ‘fluidic’ in 2022 because of unexpected factors, the MG motorbike maker India.
Therefore, the car maker quotes unexpected factors such as Covid-19 pandemic, global semiconductor deficiency, shipping costs among others to ‘careful optimism’ for 2022.
In conversation with IANS, Indian motorcycles and directors of executor Rajeev Chaba said: “The domestic market witnesses increasing demand, but is also influenced by the shortcomings of global semiconductors.” “The situation will remain fluidic in 2022 because of unexpected factors …
We constantly monitor these factors and align our operations To take advantage of the best results.
” According to Chaba, a new normal has set a unique challenge for this industry.
“The biggest challenge is to maintain business operations and ensure organizational financial health and stakeholders.” “With the industry that exhibited resilience over the past two years, we looked at 2022 with ‘careful optimism’.” In addition, Chaba quoted that the company had witnessed positive consumer sentiment because demand was hidden.
In the date of date, the company reported a growth of 56 percent with retail 37,723 units (Jan-November, 2021) more than 24,152 sold in the same period last year.
“However, the current production level is influenced and will remain so in the next quarter due to the shortcomings of the semiconductor global chip.” However, he emits confidence that inventory will “optimize” in the coming year.
At present, semiconductors play an important role in the production of internal combustion engines.
They are an integral part of all types of sensors and controls in any vehicle.
Lately, shortcomings have extended the waiting period together with increasing prices.
“With the use of rising technology and the appearance of ‘IoT’ and ‘5G’ in India, demand for semiconductor chips increased.” “However, we work to fulfill our shipping commitments to customers and expect inventory to optimize in the first quarter in the coming year.” In addition, the company will focus on meeting central guidelines for the production scheme that is linked (PLI) for the automatic sector by placing the next sections.
The plan is to assemble batteries and other parts in India to reduce costs.
“Cars will be adjusted to fulfill Indian regulations.
Furthermore, to fulfill government guidelines for the production scheme that is linked (PLI), we will carry out the possible maximum localization, which will include battery assembly and other parts.” “With all these initiatives, we expect EV to contribute more than 20 percent with our overall sales in the next two years.” At present, the company sells electric SUV ‘ZS EV’ available in two variants, prices of Rs 21 Lakh and Rs 24.68 Lakh (former showroom).
ZS EV continues to attract customers in India because we averaged 700 bookings per month.
“New EV, which will be a futuristic car, will be taken to the Indian market in the next financial year.” “Based on the global platform, new eVs will be developed and are expected to be valued between Rs 10 lakh and RS 15 Lakh which addresses the mass segment.” At present, the company offers Hector, ZS EV, and Gloster in India.
MG Indian motorbike saw a ‘fluidic’ trend in 2022, to focus on EV
