Share

SAIC Motor may invest $350m in India

Share
China, Halol, India investments, SAIC Motor, Automotive, News

China’s largest automaker SAIC Motor Corporation, which is set to enter the Indian market next quarter with the Morris Garages brand, is considering an additional investment of $350 million in setting up a second manufacturing unit.
SAIC Motor’s takeover of British carmaker MG Motor made the latter’s India operations a subsidiary of the Chinese firm. MG Motor India has so far invested around Rs 2,200 crore to acquire General Motors’ plant in Halol and to develop a C-segment sports utility vehicle (SUV) for its debut in the country.
The company has capacity to produce 80,000 vehicles of larger make at Halol and would require a new unit for subsequent launches.
MG Motor India plans to launch four vehicles in the country over the next two years. The final decision regarding the second unit will be taken by the end of the year.
The Halol plant is spread over 170 acres, with little room to expand at the location any further.

Newsletter

Most Popular

Digital Edition

September-2020
From the magazine

Subscribe Now