MG Motor to Indianise business operations in India

HYDERABAD: MG Motor India, on Wednesday, announced its strategic five-year business roadmap to Indianise the business operations for sustainable growth and meaningful impact on society.

The key initiatives that would constitute this included 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 would 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 (including both plants' capacity).

The EV Initiative

The company intends to launch 4-5 new cars, mostly EV models, and achieve 65-75 percent of its sales from the EV portfolio by 2028. To support the widespread adoption of electric vehicles, MG Motor India will strengthen local manufacturing of EV components and establish a battery assembly unit in Gujarat.

Emphasizing its commitment and contribution to India's mission to become a major manufacturing hub, MG Motor India will invest in advanced clean technologies, including hydrogen fuel cells and cell manufacturing, as well as bolster local manufacturing of EV parts through JVs or third-party manufacturing.

Rajeev Chaba, the CEO Emeritus of MG Motor India, said, "MG India’s unwavering dedication to India is deeply ingrained in our ethos. We have outlined a clear roadmap and vision for 2028. Our growth strategy is centred around strengthening localisation, 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."

MG Nurture

The company also aims to develop 1,00,000 students under its MG Nurture program who shall be trained in EV, Advance Driver Assistance Systems, and Connected Car technologies. The trained students will be future-ready to cater to the increased demands of manufacturing next-generation cars.