MG Motor is gearing up for a significant expansion in India, unveiling plans to launch approximately five new models by 2028, with a keen emphasis on electric cars. The British automaker is strategically aligning with the Indian government’s ‘Make in India’ initiative, aiming to bolster localization efforts.
To support this ambitious initiative, MG Motor has committed to a substantial investment plan exceeding ₹5,000 crore. The infusion of funds will not only facilitate the development and launch of electric vehicles but also underscore MG Motor’s commitment to India’s electric mobility sector.
The company is set to explore hydrogen fuel-cell technology through joint ventures, showcasing a forward-looking approach to sustainable and innovative solutions. MG Motor is also planning to augment its workforce, with a target of expanding its manpower to 20,000, a move that aligns with its growth trajectory and production demands.
In a bid to accommodate the surge in electric vehicle production, MG Motor will expand its manufacturing facility in Halol, Gujarat. This expansion marks a strategic move to support the production of electric vehicles and underscores the company’s confidence in the potential of the Indian electric vehicle market.
Looking ahead to the immediate future, MG Motor is slated to launch several electric models in 2024-2025, including the MG 5 EV, MG eHS, and MG Marvel X. These launches are poised to make a significant impact in the Indian automotive landscape, showcasing MG Motor’s commitment to delivering cutting-edge and sustainable mobility solutions.
The British automaker’s ambitious plans and concentrated focus on electric vehicles underscore a commitment to not only meet the evolving demands of the Indian market but also contribute to the nation’s transition towards a greener and more sustainable automotive future. MG Motor’s proactive approach positions it as a key player in India’s rapidly evolving electric vehicle ecosystem.
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