MG Motor India is planning to expand its portfolio in the country to four products, including an electric SUV by next year-end.
MG Motor has unveiled its first internet car Hector in India, slated for the launch next month.
MG Motor India is planning to expand its portfolio in the country to four products, including an electric SUV by next year-end. MG Motor India is a wholly-owned subsidiary of China's SAIC Motor Corp.
Rajeev Chaba, President and Managing Director, MG Motor India, said, "We have got approval for four product launches in the next 18 months. We have already announced our second product, which will be an electric SUV and which we plan to launch by this year. Also, we are firming up our third and fourth product launch. We would have four distinct brands of MG on the road by December 2020."
With extensive localisation, over 300 India- specific changes are carried out in the SUV MG Hector to suit the customer preferences and road conditions. Apart from this, it will also be the first 48V hybrid SUV with 19 exclusive features.
"We are not here to look at short-term growth but it is about the long-term potential of the market. India will be a very attractive market in the long-term. We have not changed any plan as of now. We believe this slowdown is temporary. It may last for another few months. I believe because of transition to BSVI, there is going to be a huge surge in sales in the last quarter of this year," Chaba further stated.