MG Motor India's 5-year Business Roadmap To Indianise Operations

Mobility Outlook Bureau
10 May 2023
02:25 PM
1 Min Read

MG Motor India plans to invest more than INR 5,000 crore and will have a total of 20,000 workforce—both direct as well as indirect—by 2028.


MG Motor India has announced its strategic 5-year business roadmap to Indianise its operations for sustainable growth and meaningful impact on society. The company plans to invest more than INR 5,000 crore and have a total of 20,000 workforce—both direct as well as indirect—by 2028.

A press release from the carmaker noted that the company aims to increase its Indian shareholding over the next 2-4 years while 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.

Moreover, the company also plans to expand its production capacity with a second plant in Gujarat. This will significantly increase the combined production output from 120,000 to 300,000 vehicles (including both plants' capacity). 

The company also plans to launch four to five new cars, mostly EV models, and achieve 65-75% of its sales from the EV portfolio by 2028. While emphasising its commitment and contribution to India's mission to become a major manufacturing hub, it will invest in advanced clean technologies, including hydrogen fuel cells and cell manufacturing, and bolster local EV parts manufacturing through JVs or third-party manufacturing.

At the Auto Expo 2023, the company showcased its production-ready version of EVs, Hybrids and FCEVs; it recently launched the Comet EV.

Rajeev Chaba, CEO Emeritus, MG Motor India, said, '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.'

He noted that the company is committed 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 programme,” he said. Under the programme, the company envisions collaborating with 50 institutes to train 100,000 students on the latest technologies, such as EVs, connected cars and ADAS systems, Chaba noted.

Additionally, the company also recognises 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 organisation,” the CEO added.

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