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Monday, December 16, 2019

MG Motor bullish on India, to invest Rs 3,000 crore more

A British automobile brand, Morris Garages (MG), which is now owned by SAIC of China, is planning to invest Rs 3,000 crore (US$ 429.25 million) more in the country and is positive about the growth Indian market, a company official said.
As of now, the MG Motor India has spent Rs 2,000 crore (US$ 286.16 million) in the country and begun manufacturing operations at its plant at Halol in Gujarat, the official said.

"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 further investment of Rs 3,000 crore (US$ 429.25 million)," MG Motor India chief commercial officer Mr Gaurav Gupta said.

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

The company witnessed a good response from the customers, thus, had to raise its production levels from November onward, he said, adding that the car manufacturer would focus on the SUV segment as it is quickest growing and in tandem with the global trend.

He added that the company also aims on increasing its 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 work force and diversity is core to the ethos of the company", Mr Gupta added.

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