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MG Motors Plans To Invest Rs 3,000 crore In India: Know More

With The Launch Of Hector SUV In July 2019, Morris Garages (MG Motor) Marked Its Debut In The Indian Market On A Positive Note. The Automaker Is Planning To Invest Rs 3,000 Crore More In India.

News Nation Bureau | Edited By : Anurag Singh | Updated on: 15 Dec 2019, 01:55:30 PM
MG Motors Plans To Invest Rs 3,000 crore In India (Image: MG Hector)

New Delhi:

With the launch of Hector SUV in July 2019, Morris Garages (MG Motor) marked its debut in the Indian market on a positive note. The automaker has so far sold nearly 13,000 units of Hector SUV. And now, a British automobile brand now owned by SAIC of China is planning to invest Rs 3,000 crore more in India. It is to be noted that MG Motor has already spent Rs 2,000 crore in the country and commenced manufacturing operations at its plant at Halol in Gujarat.

"We are committed to India and have started our journey in July this year. We have a long-term plan for the country and will make a further investment of Rs 3,000 crore," MG Motor India chief commercial officer Gaurav Gupta told PTI.

“MG has so far sold nearly 13,000 units of Hector SUV,” he said. Gupta further added that the company will launch an electric internet sport utility vehicle and will have a total of four models by July 2021, all in the SUV segment.

“With good response from the customers, the company had to increase production levels from November onward,” he said, adding that the car manufacturer would focus on the SUV segment as it is fastest growing and in tandem with the global trend.

“The company also focuses on expanding customer service centres and around 250 showroom-cum-workshops will be put in place by March 2020. In MG, we strive to attain for a balanced workforce and diversity is core to the ethos of the company", Gupta concluded.

Also Read: MG Motor Sells Over 3,500 Units Of Hector SUV In October

It is worth mentioning here that MG Motor has recently unveiled the MG ZS EV in India. MG ZS EV is the first electric vehicle from the automaker and it will be launched in India in January 2020. After the launch, MG ZS EV will compete with the likes of the Hyundai Kona in India.

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First Published : 15 Dec 2019, 01:55:30 PM