The competition in the 100kW segment of electric vehicles (EVs) in the domestic market is all set to heat up with Paramount Motors, the authorized importer and distributor of MG vehicles in Nepal, announcing the pre-booking for the new SUV MG ZS EV.
With government policies favoring the sales of 100kW EVs in the market, Nepali EV importers are now importing more vehicles of this motor capacity. First, Cimex Inc, the authorized dealer of BYD imported Atto-3 EV, and now Paramount Motors has also imported vehicles below 100kW.
The success of NETA V and Tata Nexon in the market along with the government tax policy has forced EV dealers to go for 100 kW vehicles. The EV importers have been forced to prioritize below 100 KW EVs as the government in the current fiscal year budget levied excise duty on top of the existing customs duty on electric vehicles above 100 kW capacity. This, according to automobile importers, has made electric vehicles costlier for buyers.
The changes in tax arrangements forced Nepali EV importers who’d been selling above 100KW EVs, to request their Chinese manufacturers to manufacture EVs below 100 kW for the Nepali market.
The MG ZS EV is equipped with 99KW motor peak power and 51 KW battery capacity. The electric SUV gives a range of 320km on a single charge. The SUV can be charged up to 80 percent within 30 minutes and has an 8-year warranty for battery.
The MG ZS EV comes up with safety features such as six airbags, ESP, EAB, HDC, Auto hold, features a premium panoramic sunroof, a 10.1-inch infotainment system with DAB radio, and Bluetooth.
The SUV has a 7-inch driver’s digital instrument cluster, wireless phone charging, keyless entry and start, six-speaker 3D sound system, six-way driver and four-way front passenger electrical adjustable leather power seats with heating, 60/40 folding rear seats, roof rails, and power-folding.
The new MG ZS EV with 99KW Motor and 51kwh battery capacity will come in two variants – Comfort and Deluxe at Rs 48,49,000 and Rs 52,49,000 respectively. Customers can pre-order and reserve their favorite electric vehicle with a deposit of Rs 100,000.
The EV market has seen huge growth in the current fiscal year. The country has imported electric vehicles worth Rs 6.16 billion in the first eight months of FY 2022/23. The data from the Department of Customs shows Nepal imported 2198 units of electric vehicles till mid-March 2023. The imports of EVs having a motor capacity of 100KW has surged massively in this fiscal. Of the total EVs imported, 2139 are of 100KW capacity. During this period, most EVs (1571 units) have been imported from India.