MG Motor India has unveiled its 5-year plan involving several ambitious growth initiatives. The carmaker plans to establish a second manufacturing unit in Gujarat to increase its annual production capacity to 3,00,000. The new facility will also have a battery assembly unit.
Read More: Ducati’s ride event
Local Sourcing
MG intends to enhance local sourcing and manufacturing across its operations by 2028, and it plans to explore cell manufacturing and clean hydrogen-cell technology through owned or third-party facilities.
MG aims to launch 4 to 5 new models, primarily EVs, in the Indian market. The company expects EVs to make up 65-75% of its sales by 2028.
Over the next 2-4 years, MG plans to increase Indian shareholding in the company and invest more than Rs 5,000 crore. The company hopes to have a total workforce of 20,000 by 2028.
Source : AutoCarIndia
