Investment outlay upwards of Rs 5,000 cr; A total of 20,000 workforce by 2028
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
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; Battery assembly unit in Gujarat plant
Explore cell manufacturing and hydrogen fuel-cell technology through JVs or third-party manufacturing
New Delhi, NFAPost: MG Motor India, an iconic British automobile brand with a rich 99-year heritage, announced its strategic 5-year business roadmap to Indianise 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 programmes including exploring cell manufacturing and clean hydrogen-cell technology through owned or third-party facilities.
The company also plans to expand 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.
MG Motor India CEO Emeritus Rajeev Chaba further underscored the India roadmap and said MG India’s unwavering dedication to India is deeply ingrained in the company’s 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,” said MG Motor India CEO Emeritus Rajeev Chaba.
MG Motor India CEO Emeritus Rajeev Chaba further emphasized the company’s commitment to making a positive impact on society.
“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,” said MG Motor India CEO Emeritus Rajeev Chaba.
In addition, MG Motor India CEO Emeritus Rajeev Chaba highlighted the company’s focus on promoting gender diversity.
“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,” said MG Motor India CEO Emeritus Rajeev Chaba.
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.
About MG Motor India
Founded in the UK in 1924, Morris Garages vehicles were world-famous for their sports cars, roadsters, and cabriolet series. MG vehicles were much sought after by many celebrities, including the British Prime Ministers and even the British Royal Family, for their styling, elegance, and spirited performance. The MG Car Club, set up in 1930 at Abingdon in the UK, has thousands of loyal fans, making it one of the world’s largest clubs for a car brand. MG has evolved into a modern, futuristic, and innovative brand over the last 99 years.
MG Motor India’s state-of-the-art manufacturing facility in Halol, Gujarat, has an annual production capacity of 1,20,000 vehicles and 3,000 employees. Driven by its vision of CASE (Connected, Autonomous, Shared, and Electric) mobility, the cutting-edge automaker has augmented across-the-board ‘experiences’ within the automobile segment today. It has introduced several ‘firsts’ in India, including India’s first Internet SUV – MG Hector, India’s first Pure Electric Internet SUV – MG ZS EV, India’s first Autonomous (Level 1) Premium SUV – MG Gloster, Astor- India’s first SUV with personal AI assistant and Autonomous (Level 2) technology and MG Comet EV – The Smart Urban Electric Vehicle.
