China’s Saik-owned British brand Morris Garijas (MG) plans to invest an additional Rs 3,000 crore in India. The company started production of its sports utility vehicle (SUV) Maya Hector at a cost of Rs 2,000 crore at the HALOL plant in Gujarat.
MG Motor India Chief Commercial Officer Gaurav Gupta said the company entered the market last July with a firm commitment to India. The company has long-term plans for this country. “We are planning to invest an additional Rs 3,000 crore in this regard,” Gupta said. The so-called Internet SUV, MG Hector’s sales so far, have reached 13,000 units.
MG Motor India plans to sell four SUVs in two years. “All these models, including the electric internet sports utility vehicle, will go on sale by July 2021,” Gupta said. The company has increased its production in the halo plant since last month as the hectares have gained acceptance in the Indian market. Gupta explained that MG Motor is focusing on the SUV segment as it continues to grow and grow globally, not just in India.
MG Motor is also taking steps to expand its sales network along with production. The company plans to increase the number of showrooms to 250 by next March, he added.
