Over the next five years, MG Motor India has promised to introduce up to five new vehicles to the Indian market. The business also disclosed plans to build a second manufacturing facility in the nation that will also include a battery assembly line.
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The focus of MG’s product roadmap will be on electric vehicles (EVs). This is in line with the company’s global push towards electrification, where the company has launched a number of new EVs across global markets in recent times.
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The company will invest Rs.5,000 crore in product innovation and capacity expansion. The goal is to centralise its business and generate 65-75% of sales from its electric vehicle portfolio.
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MG is looking to boost production from 1.2L to 3L per annum, and is planning to build a battery assembly plant, as well as explore cell production and hydrogen cell tech.