MG Motor India plans Rs 4k cr investment in 2nd manufacturing unit

14 Apr 2022 CW Team

MG Motor India planned to invest nearly Rs 4,000 crore in its second manufacturing unit.

The company is expanding the annual production capacity of its plant at Halol, Gujarat, to 1.25 lakh units by 2023, is looking forward to adding another 1.75 lakh units capacity from the second plant and taking its overall production capacity to 3 lakh units per year in the next two years.

President and Managing Director of MG Motor India, Rajeev Chaba, told the media that the company is looking to close an investment of Rs 4,000 crore for the second plant. It will take the total capacity to 3 lakh units per year with another 1.75 lakh units.

The company plans to invest Rs 4,000 crore for its second manufacturing plant.

He said the company is considering several routes, including external commercial borrowing (ECB) and Foreign Direct Investment (FDI), and other investors for funding the second plant.

In 2021, the company announced an investment of Rs 2,500 crore to increase production capacity at its Halol plant.

Chaba said that the company has increased the capacity of the Halol plant and invested more to increase the capacity from 70,000 per year to 1.25 lakh per year from next year.

He said that in 2021, the company had sold 40,000 vehicles. This year, the company has a severe shortage of chips but plans to close with 70,000 units.

He said that to reach these production targets at the plant, the company introduced the second shift this month, and the plant will produce 1.25 lakh units per year from next year on a three-shift basis.

Currently, the company produces four models, Hector, Gloster, Astor and ZS EV, from the Halol plant. Increasing the capacity will increase the supplies of these vehicles.

Chaba said that the fifth, which will be launched by March-April next year, is a small electric vehicle (EV) priced between Rs 10 lakh to Rs 15 lakh. These five products should look after the 1.25 lakh units at the Halol plant, and then the sixth product has to come in at the new plant.

Image Source

Also read: Tata Motors receives first tranche of Rs 3,750 cr TPG investment

MG Motor India planned to invest nearly Rs 4,000 crore in its second manufacturing unit. The company is expanding the annual production capacity of its plant at Halol, Gujarat, to 1.25 lakh units by 2023, is looking forward to adding another 1.75 lakh units capacity from the second plant and taking its overall production capacity to 3 lakh units per year in the next two years. President and Managing Director of MG Motor India, Rajeev Chaba, told the media that the company is looking to close an investment of Rs 4,000 crore for the second plant. It will take the total capacity to 3 lakh units per year with another 1.75 lakh units. The company plans to invest Rs 4,000 crore for its second manufacturing plant. He said the company is considering several routes, including external commercial borrowing (ECB) and Foreign Direct Investment (FDI), and other investors for funding the second plant. In 2021, the company announced an investment of Rs 2,500 crore to increase production capacity at its Halol plant. Chaba said that the company has increased the capacity of the Halol plant and invested more to increase the capacity from 70,000 per year to 1.25 lakh per year from next year. He said that in 2021, the company had sold 40,000 vehicles. This year, the company has a severe shortage of chips but plans to close with 70,000 units. He said that to reach these production targets at the plant, the company introduced the second shift this month, and the plant will produce 1.25 lakh units per year from next year on a three-shift basis. Currently, the company produces four models, Hector, Gloster, Astor and ZS EV, from the Halol plant. Increasing the capacity will increase the supplies of these vehicles. Chaba said that the fifth, which will be launched by March-April next year, is a small electric vehicle (EV) priced between Rs 10 lakh to Rs 15 lakh. These five products should look after the 1.25 lakh units at the Halol plant, and then the sixth product has to come in at the new plant. Image Source Also read: Tata Motors receives first tranche of Rs 3,750 cr TPG investment

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

Infrastructure Transport

02 Apr 2026

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Technology

02 Apr 2026

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..