auto news desk, MG Motor has revealed its 5-year roadmap for the Indian market, under which the company is gearing up for new investments for new manufacturing plants, localization of new technology, new product launches, mostly EVs. Let us know what is the plan of the company for the next 5 years.
More EV models to come
The British automaker has informed that it will launch 4 to 5 new models in India by 2028 and most of these will be electric vehicles. The company expects that electric vehicles will account for 65 to 75 percent of its total sales in the next 5 years.
Currently the company sells two EVs
The company is currently present in India with two electric vehicles, which include the ZS EV and the Comet EV. The MG ZS EV is capable of producing 176Bh/280Nm with a 50.3kWh battery pack and a front-axle mounted electric motor. This electric SUV gets a range of up to 419 km on a single charge. While the recently launched MG Comet EV is capable of offering a range of up to 230 km with a 17.3kWh battery.
local production will increase
MG Motors is setting up its second manufacturing facility in Gujarat with an aim to increase its production capacity from 1.2 lakh units to 3 lakh units per annum. Along with this, the company will manufacture EV components locally and also set up a battery assembly center at its new plant.
Company will make big investment
MG Motor India will invest over Rs 5,000 crore for its plans for the next five years. Along with this, the company has indicated the requirement of 20,000 workers by 2028 along with new employment opportunities.
Tata Motors will get competition
The launch of new electric vehicles by MG Motors will give maximum competition to Tata Motors, as it is currently the leader in the segment, however, Tata Motors will also launch several new electric vehicles in the market over the next 5 years.