MG Motor India Pvt Ltd

  • Gurgaon, Haryana, India, Gurugram, Haryana, India, 122001 View on Map

Overview

  • Founded Date April 14, 2023
  • Sectors Automobile , Manufacturing
  • Posted Jobs 0

Company Description

MG Motor India Private Limited is an automobile manufacturer in India, a subsidiary of Shanghai-based Chinese automotive manufacturer SAIC Motor which markets vehicles under the British MG marque. The subsidiary was setup in the year 2017 and began its sales and manufacturing operations in 2019 with a facility in Halol, Gujarat. In January 2023 MG Motor India, in its attempt to support localization, decided to raise capital for funding its expansion in the country by tapping into Indian capital markets and reducing shareholding of parent organization SAIC.

MG Motor India operates one manufacturing plant in the country, located in Halol, Gujarat. The plant has a capacity of 80,000 units per year and was previously owned by General Motors India, which halted its sales operations in India at the end of 2017. MG Motor India has invested more than ₹2,000 crore in revamping the 178 acre facility after its takeover from General Motors.

Like in other regions globally, MG cars manufactured and sold in India are designed by SAIC Advanced Design Studios co-located in London and Shanghai (refer to SAIC SMTC and SAIC-GM-Wuling).