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    European Leaders Join Forces to Drive Growth and Innovation  

    Boeing Names Stephen Parker as CEO of Defense, Space & Security

    Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman Highlights Key Policy Measures to Promote Export-led Growth at Exim Bank’s Trade Conclave

    Tobacco control efforts protect 6.1 billion people – WHO’s new report

    MB Patil Showcases Karnataka’s Investment Potential During Denmark Roadshow

    Roche’s Lunsumio and Polivy combination significantly prolongs remission for people with relapsed or refractory large B-cell lymphoma

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    Shikshagraha Awards 2026: Call for Nominations to Honour Education Leaders

    Binod Kumar, MD & CEO, Indian Bank

    Indian Bank waives off Minimum Balance Charges on Savings Accounts; Reduces MCLR to 9.00%

    Fashion Meets Hip-Hop: The Indian Garage Co Drops ‘Yeno’ with Gubbi, Arcado & Awedeo — A High-Energy Musical Tribute to Namma Bengaluru

    Radico Khaitan Unveils ‘Celebrate India’ Zone at Ospree- Mumbai Airport Duty Free

    Indian Luxury in Full Bloom: Radico Khaitan Unveils ‘Celebrate India’ Zone at Ospree- Mumbai Airport Duty Free

    Morpheus Super Premium Whisky: Radico Khaitan Ltd. Expands the portfolio, initiates launch in Uttar Pradesh

    RailOne App launched : One-stop solution for all passenger services

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    Panasonic-partners-with-MeitY-Nasscom-Centre

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    Herbalife Logo

    Herbalife’s Aloin Identification Method for Aloe Vera Officially Recognized by AOAC INTERNATIONAL

    “Indian patients no longer need to look abroad for advanced treatment,” said Dr. Sharat Damodar, Senior Consultant, Haematologist and Head of Adult BMT at Narayana Health City, Bengaluru and Chairman of the Oncology Collegium at Narayana Health.

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    Indian Luxury in Full Bloom: Radico Khaitan Unveils ‘Celebrate India’ Zone at Ospree- Mumbai Airport Duty Free

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    RailOne App launched : One-stop solution for all passenger services

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    Sagar Daryani, Co-founder and CEO of Wow! Momo Foods Pvt. Ltd & Chef Ran...

    Wow! Momo Launches India’s First Gluten-Free Range of Momos – A Game-Changer for Health Conscious Foodies

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MG Motor Announces 5-Year Business Roadmap for India: Indianizing Operations Is the Key Focus

FWM by FWM
May 12, 2023
in Auto
0
Plans to dilute shareholding; majority to be owned by Indians in 2-4 years. Focus on meaningful impact on society through greater localisation and latest technology
Gurugram, Haryana, India:  

  • Next phase of expansion: Second plant in Gujarat to boost the combined production capacity to 3,00,000 units annually
  • 4-5 new cars to be launched, mostly EVs
  • EV Portfolio to contribute up to 65-75% of total sales in India
  • Investment outlay upwards of Rs 5,000 cr
  • A total of 20,000 workforce by 2028
  • Battery assembly unit in Gujarat plant
  • Explore cell manufacturing and hydrogen fuel-cell technology through JVs or third-party manufacturing

MG Motor India, an iconic British automobile brand with a rich 99-year heritage, today 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 (including both plants’ capacity). 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. 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, further underscored the India roadmap and said, “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.”
Chaba further emphasized the company’s commitment to making a positive impact on society, saying, “At MG Motor India, we are resolute in our commitment to fostering meaningful change. We are dedicated to investing in our talented workforce and nurturing the young talent of India through initiatives like the MG Nurture program. Under this, we envision collaborating with 50 institutes to train 1,00,000 students on the latest technologies such as EV, connected cars and ADAS systems.”
In addition, Chaba highlighted the company’s focus on promoting gender diversity, stating, “We recognize the immense value of diversity. We have achieved a 37% gender diversity within our workforce, and we are aiming for a 50% diversity across various roles within our organization.”
The company aims to develop 1,00,000 students under its MG Nurture program who shall be trained in EV, ADAS, and Connected Car technologies. The trained and skilled talent will be future-ready in order to cater to the increased demands of manufacturing next-generation cars.

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