MG Motor to Indianize Operations, Dilute Shareholding in 2-4 Years

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  • The company intends to invest over Rs 5,000 cr in India by 2028 and bring a range of electric vehicles
  • MG Motor also plan to train 1,00,000 students under its MG Nurture program in EV, ADAS, and Connected Car Tech

British automobile brand MG Motor’s Indian branch recently announced a strategic 5-year business roadmap to ‘Indianize’ its business operations. Focused on sustainable growth and meaningful societal impact, the automaker plans to localize and indigenise the latest technology while also increasing Indian shareholding over the next 2-4 years. Additionally, the company intends to boost 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. The company, as per the released statement, also aims to have a 20,000-people-strong workforce and invest over Rs 5,000 cr in India by 2028. As part of its growth plan, MG Motor India intends to launch 4-5 new electric vehicles and achieve 65-75% of its sales from the EV portfolio by 2028.

The company has its manufacturing plant in Halol, Gujarat and plans to open another such facility in the state to upgrade its production capacity. This will take the combined production output from the current 1,20,000 to 3,00,000 vehicles. In addition, it will establish a battery assembly unit in Gujarat.

Rajeev Chaba, the CEO Emeritus of MG Motor India remarked, “MG India’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 localization, 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.”

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The CEO Emeritus also underscored his company’s plan to train 1,00,000 students from 50 different institutes under its MG Nurture program in EV, ADAS, and Connected Car technologies to cater to the increasing demands of manufacturing next-generation cars.

Founded in the UK in 1924, Morris Garages is driven by its vision of CASE (Connected, Autonomous, Shared, and Electric) mobility. It claims to have introduced several ‘firsts’ in India, including India’s first Internet SUV – MG Hector, and India’s first Pure Electric Internet SUV – MG ZS EV among others. 


 

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