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A ₹1.95 crore BMW, a ₹1.5 lakh scooter and an idle Ford plant walk into Tamil Nadu
BMW now builds the i7 in Chennai, Ultraviolette is spending ₹779 crore on a Hosur plant, and Ford may convert its shuttered factory into an EV hub. None of it is aimed at Indian buyers first.
Ownership
MG Hector Tomahawk EV battery rental: the break-even maths
Battery-as-a-Service cuts up to Rs 6.01 lakh off the Hector Tomahawk EV's price. Run the break-even and the scheme only beats a five-year loan below about 2,500 km a month. MG says uptake across its portfolio remains below 7 per cent.