Skip to content
Search

Latest Stories

Submit Guest Post

MG Motor's Hector crosses 50,000 bookings in India

BRITISH carmaker MG Motor’s Hector has notched up 50,000 bookings in eight months since its launch in India.

MG Motor, which has already rolled out 20,000 units, will be launching a six-seater version of the SUV. Betting big on India’s SUV segment, it has also introduced the ZS EV in the country.


MG Motor India Chief Commercial Officer Gaurav Gupta said, “The Hector continues its strong momentum in the Indian market crossing the 50,000-mark in terms of bookings received in just eight months since its launch.

“With plans to launch the Hector Plus 6-seater family version in Q3 2020 (third quarter of 2020), we aim to further strengthen the Hector brand in India.”

MG Motor India, which has 200 centres across India, is set to add another 50 by April.

The company recently unveiled its new SUV MG Gloster at the Auto Expo 2020 to compete against Toyota Fortuner and Ford Endeavour.

The Gloster, which will be powered by a two-litre twin turbo diesel engine, is expected to hit the market by Diwali.

This year, of 23 new passenger vehicle launches in India, 14 will be SUVs.

In 2018-19, the total SUV market was estimated at 7.85 lakh units. Of this, entry-level SUVs accounted for about 3.78 lakh units, while mid-SUVs’ volumes stood at about 3.6 lakh units.

Add EasternEye As Your Trusted Source
preferred source on google news

More For You

Bitcoin

Bitcoin has climbed back above $75,000 as traders return to the crypto market.

iStock

Bitcoin is back above $75,000: Is this the start of another crypto rally?

  • Bitcoin climbed above $75,000 for the first time since late May.
  • More than $2.7 billion in Bitcoin short positions were liquidated as prices surged.
  • Analysts remain divided over whether the rally has enough fresh demand to last.

Bitcoin has pushed back above $75,000, reaching its highest level since late May as a combination of falling US Treasury yields, stronger trading activity and renewed hopes for clearer cryptocurrency rules sent digital assets higher.

The cryptocurrency reached about $75,700 on Friday (21) and was trading around $75,350, up roughly 9 per cent over 24 hours. The rally was not limited to Bitcoin, with Ethereum gaining around 5 per cent and XRP jumping almost 19 per cent.

Keep ReadingShow less