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3 

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Sikandra Mega Highway, Digawara, Rajgarh, Alwar 301001, RJ

Maruti Suzuki

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Mar 22, 2018 09:04 AM 729 Views (via Android App)

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SAIC Motor Corporation, the largest automobile manufacturer in China, which announced its entry in the Indian market last year through its fully-owned subsidiary, MG Motor. MG Motor India today announced that it will invest a total of Rs 5, 000 crore in India over the next six years.


The company, which acquired GM India’s Halol plant in September 2017, will have an initial production capacity of 80, 000 units per annum. MG Motor India has said the first vehicle launch by the company for the domestic market will be an SUV in the second half of 2019. The company currently has an employee strength of around 1, 000.


Additionally, it will further develop and work closely with start-ups in India to keep localisation levels high since the start, with an initial aim of 80 percent. This will be enabled by its Indian engineers.


SAIC is among the top 10 global OEMs ( in volume terms) and had sold 6.93 million vehicles in 2017. The has also revealed that it is investing around $3.2 billion ( Rs 20, 124 crore) towards research and development of new energy vehicles including electric, plug-in hybrid and fuel cell vehicles.


As part of its India journey, the company says it will have one new product launch each year from 2019, along with having around 300 dealership and service centres ( combined) in India.


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