BackMG Motor India plans to bring 5 new cars by 2028, with focus on EVs: Details inside
MG Motor said it aims to train 1,00,000 students under its 'MG Nurture' programme. The students will be trained in EV, ADAS and connected car technologies.
PremiumMG Motor India aims to launch 4-5 news cars in India, with focus on electric vehciles, the company said on Wednesday. The company expects its EV portfolio to contribute up to 65-75 per cent of total sales in India, it noted.
The automaker said that it plans to offer majority stakes to local partners over the next 2-4 years as part of a five-year business roadmap in the country.
MG Motor is a British brand which is currently owned by China's largest automaker SAIC Motor Corp. The automaker has lined up ₹5,000 crore to expand operations in the country by 2028.
It plans to bring in more capital to the country from its Chinese parent. According to the industry sources, the automaker has been waiting for government approval for around two years now and has therefore started looking for other options to raise capital.
Elaborating on its roadmap, the company said it has plans to set up its second manufacturing plant in the country, taking its installed capacity to 3 lakh units per annum and roll out new products for the domestic market, including electric vehicles, as part of its five-year business roadmap in the country.
MG Motor India CEO Emeritus Rajeev Chaba said "The company's unwavering dedication to India is deeply ingrained in our ethos. As we pave the way for our next phase of sustainable growth, we have outlined a clear roadmap and vision for 2028. Our growth strategy is centred around strengthening localisation, aligning more closely with the government's 'make in India' initiative while innovatively augmenting our promise consistently, and diligently meeting the evolving needs of the market."
He further said that the automaker is committed towards making a positive impact on society.
Chaba also highlighted the company's focus on promoting gender diversity.
The company said it aims to train 1,00,000 students under its 'MG Nurture' programme. The students will be trained in EV, ADAS and connected car technologies.
The company currently rolls out products from its manufacturing plant in Halol, Gujarat, which it had acquired from General Motors. The Halol plant can produce up to 1.2 lakh units per year.
The automaker said it is also exploring setting up of cell manufacturing and hydrogen fuel-cell technology through joint ventures or third-party manufacturing.
With expansion plans in place, the automaker aims to have a total of workforce of 20,000 by 2028.
(With inputs from PTI)
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