Mumbai: MG Motor India, an iconic British automobile brand with a rich 99-year heritage, on Friday announced its strategic 5-year business roadmap to Indianize the business operations for sustainable growth and meaningful impact on the society.
The key initiatives that would constitute this are localization and bringing in the latest technology
and indigenising it as well; increasing Indian shareholding over the next 2-4 years; enhancing local sourcing and manufacturing across its operations by 2028 through an extensive series of programs including exploring cell manufacturing and clean hydrogen-cell technology through owned or third-party facilities; expanding production capacity with a second plant in Gujarat; introducing a broader range of electric vehicles (EVs); and unveiling new product offerings.
MG Motor India also aims to invest more than Rs. 5,000 cr and have a total of 20,000 workforce—both direct as well as indirect—by 2028.
As part of its growth plan, MG Motor India plans to establish a second manufacturing facility in Gujarat, significantly increasing the combined production output from the current 1,20,000 to
3,00,000 vehicles. The company intends to launch 4-5 new cars, mostly EV models, and achieve 65-75% of its sales from the EV portfolio by 2028, a release issued here stated on Friday.