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MG Motor had bought the Halol plant from General Motors and has been able to ramp the annual production capacity from 65,000 units to 1.25 lakh units.
"Next year, we are looking at doubling our volumes. If we do 56,000 units this year and we are targeting over one lakh units in 2023. So that is why we think next year is definitely going to be a big year for us," the company's President and Managing Director Rajeev Chaba said.
MG Motor India, along with the consortium members, is back with the third season of the MG Developer Program & Grant – the annual flagship innovation program, supported by Startup India and Invest India.
Get latest articles and stories on Business at LatestLY. MG Motor India, along with the consortium members, is back with the third season of the MG Developer Program & Grant - the annual flagship innovation program, supported by Startup India and Invest India. The initiative aims to encourage tech start-ups to build new, technologically advanced applications and experiences to strengthen India's mobility space. Business News | MG Motor Announces the 3rd Season of Its Developer Program and Grant with Startup India and Invest India.