Morris Garages Bullish On Indian Automobile Sector, To Invest ₹ 3,000 Crore

Having already spent on Rs. 2000 crore on setting up India operations, Morris Garages is now planning to invest an additional Rs. 3000 crore in the country

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Highlights

  • Morris Garages has tasted success with the Hector SUV launched this year
  • MG increased production at the Halol plant to meet the high demand
  • MG will introduce the ZS Electric SUV by early 2020 in India

Morris Garages (MG), a British automobile brand now owned by SAIC of China is bullish on the Indian market and plans to invest Rs 3,000 crore more in the country, a company official said. MG Motor India has already spent ₹ 2,000 crore in the country and commenced manufacturing operations at its plant at Halol in Gujarat, the official said.

"We are committed to India and have started our journey in July this year. We have a long-term plan for the country and will make a further investment of ₹ 3,000 crore," MG Motor India chief commercial officer Gaurav Gupta told PTI.

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The carmaker has so far sold nearly 13,000 units of its internet SUV, MG Hector, he said. Gupta said the company will launch an electric internet sport utility vehicle and will have a total of four models by July 2021, all in the SUV segment.

With good response from the customers, the company had to increase production levels from November onward, he said, adding that the car manufacturer would focus on the SUV segment as it is fastest growing and in tandem with the global trend.

The company also focuses on expanding customer service centres and around 250 showroom-cum-workshops will be put in place by March 2020, he said.

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"In MG, we strive to attain for a balanced workforce and diversity is core to the ethos of the company", Gupta added.

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