Shanghai-based SAIC Motor Corporation Limited has officially announced its plans to enter the Indian car market. The company stated that they will set up a manufacturing facility in India which will commence operations by 2019. The Chinese conglomerate is expected to buy the Halol plant from GM India in order to manufacture vehicles under the MG brand and deliver environment-friendly mobility solutions.
The MG brand has a solid following globally, thanks to its 93-year history as an iconic British marque that built sports cars. The company offers a range of affordable models that include a hatchback called the MG3, a compact SUV known as the MG GS, the MG5 and MG6 sedans and the stylish MG GT. MG also has a new SUV in the offing that is set to make its global debut later this year and the company also showcased an all-electric high-end car known as the E-Motion at the 2017 Shanghai Motor Show.
While the company does have an interesting line up of products, they have not divulged what their portfolio for the Indian market will be at this point of time. With MG looking at setting up a manufacturing facility here in India, it is clear that they also intend on utilizing this facility as an export hub to further their global ambitions.
Details: mg.co.uk