MG Motor to foray into Indian automobile sector with SUV Hector

MG Motor to foray into Indian automobile sector with SUV Hector

Chandigarh, MG Motor India, a wholly owned arm of China's SAIC Motor Corporation, on Saturday announced to invest Rs 2,200 crore in first phase out of a total of one billion dollar investment planned for next five years to kick off its journey in to Indian automobile sector with launch of Sports Utility Vehicle (SUV) Hector by May this year. Speaking to media persons P Balendran, Executive Director of the company said here that the trial production of SUV has started in a state-of- the-art manufacturing facility at Halol (Gujarat) with an initial capacity of 80,000 units per annum. This plant was acquired by the company from General Motors in September 22, 2017 he said the added that new vehicles, manufactured in the plant, were being tested in different climatic conditions in various parts of the country. "We have planned one billion dollars(Approx Rs 7000) of investment for period of next five years in India out of which Rs 2,200 will be invested in first phase, said Balendran and clarified the money will be invested in creating capacity and on new product programmes depending upon the demand and market conditions", he added. To a question he said that Hector has been designed & developed on the news platform in company's United Kingdom (UK) based facility engineers and all vehicles made at the plant will have nearly 75 per cent of locally sourced parts as part of the Make-in-India programme. He, however, was evasive about disclosing the technology used, features and price of the SUV, but asserted that vehicle will stand out in the market in its category. . The company has appointed 45 dealers across the country who will have over 110 touch points to provide service and spares to its customers.

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