MG Motors to invest Rs 1,000 crore more in India despite anti-China mood

The India arm of China's SAIC Motors has invested Rs 3,000 crore till now

MG Motors

File pic of SUV MG Hector

Arindam Majumder New Delhi
MG Motors, the Indian arm of China’s SAIC Motor, says it will invest a further Rs 1,000 crore in the next one year to enhance capacity.
This comes amid higher scrutiny by the government and a growing anti-China sentiment against Chinese investment.
It plans to increase localisation of products, which would mean higher manufacturing in India, and also aims to assemble battery lines locally.
“We have invested up to Rs 3,000 crore to date. We are going to invest another Rs 1,000 crore in the Halol plant over the next 12 months, which will basically take care

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First Published: Sep 28 2020 | 7:57 PM IST

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