MG Motor to launch five new cars in one year
Three of the five upcoming launches are going to be in the mass market category while the rest two would cater to the premium market.
New Delhi: On the back of fresh funds and a local joint venture (JV) partner, MG Motor is gearing up to launch five new products in India over the next 12 months. The first new launch, to take place this festive season (September or October 2024), will be an electric crossover utility vehicle (CUV).
Three of the five upcoming launches are going to be in the mass market category while the rest two would cater to the premium market.
“We have five new products approved (by the JV) to be launched in the next one year. The first will be launched a few months from now in the festive period. It is going to be a CUV, a vehicle with huge space and SUV capability. It will be loaded with features,” said Rajeev Chaba, chairman emeritus, of MG Motor India.
Chaba added that now that the JV with JSW Group is formed, their target is to expand fast – increasing production capacity from 100,000 units to 300,000 units – in the next three to five years.
“As we speak, we are busy putting the second plant in Halol (Gujarat). We are going to increase capacity from 100K to 300K per annum. In the next three to five years, we should have 300k cars and when you have this capacity, you need to have the products to fill the plant. One of the biggest priorities of the JV was to get new products. I am happy to say we’ve got five new cars approved for launch in India,” said Chaba.
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