MG Motor India Announces Its 5-Year Roadmap; To Launch 4-5 New Cars

MG Motor India announced its strategic 5-year business roadmap for India with key initiatives that would constitute localisation, bringing in the latest technology and indigenising it as well. Moreover, the company would also dilute its majority stake in the company by 2027, and go for an IPO in 2028. Additionally, MG Motor India will build a second plant in Gujarat, which would take the combined production capacity from both plants to 3 lakh units annually.

Rajeev Chaba, CEO Emeritus, MG Motor India said, “MG India’s unwavering dedication to India is deeply ingrained in our ethos. As we pave the way for our next phase of sustainable growth, we have outlined a clear roadmap and vision for 2028. Our growth strategy is centered around strengthening localization, aligning more closely with the government’s 'Make in India' initiative, innovatively augmenting our promise consistently, and diligently meeting the evolving needs of the market.”

As part of its growth plan, MG plans to establish a second manufacturing facility in Gujarat, significantly increasing the combined production output from the current 1.2 lakh to 3 lakh vehicles (including both plants' capacity). The company intends to launch 4-5 new cars, mostly EV models, and achieve 65–75 per cent of its sales from the EV portfolio by 2028. The company has not yet revealed details about the upcoming electric products. Recently, the company launched its second electric product, the MG Comet EV, at a starting price of Rs. 7.99 lakh (ex-showroom).

Moreover, to support the widespread adoption of electric vehicles, MG Motor India will strengthen local manufacturing of EV components and establish a battery assembly unit in Gujarat. For this, MG Motor India will invest in advanced clean technologies, including hydrogen fuel cells and cell manufacturing, as well as bolster local manufacturing of EV parts through JVs or third-party manufacturing.