MG Motor India to introduce seven new models in India in 2 years

MG Motor India, a British trademark owned by SAIC, is gearing up to introduce seven new models in the Indian market over the next few years. The revelation came without the joint venture with JSW Group, where MG Motor showcased its upcoming lineup to dealers at its headquarters in Shanghai. The visitor is set to prioritize hybrids, including plug-in hybrids and battery-operated vehicles, while moreover updating its existing internal combustion engine models.

A spokesperson from MG Motor India declined to scuttlebutt on the plans revealed during the dealer meeting. Dealers who attended the event reported that the showcased models are expected to hit the Indian market within the next 24 months. The joint venture between ISW Group and SAIC Motor, spoken on November 30, involves a 35% stake held by ISW in the venture.

The visitor expressed a long-term transferral to the Indian market, intending to imbricate various segments with multiple offerings. The focus will be on hybrid vehicles, including plug-in hybrids and electric cars, rather than introducing entirely new fossil-fuel-powered models to India. Existing models in MG’s lineup will undergo updates, with the premium SUV Gloster, competing with models like the Toyota Fortuner and Volkswagen Tiguan, scheduled for an update next year.

Earlier this year, MG showcased a range of electric and hybrid models at the Auto Expo, including the eHS plug-in hybrid SUV, Mifa9 electric multipurpose vehicle (MPV), MG4 electric hatchback, and MG5 electric estate.

The Indian market holds significant importance for SAIC, and the visitor aims to enhance its performance in the country. MG Motor is addressing this by not only planning new launches but moreover by strengthening its dealer network. The visitor initiated a dealer network restructuring superiority of its deal with ISW, with plans to increase its touchpoints from 330 in 158 cities to 400 in 270 cities by December 2023.

This move to launch seven new models follows MG Motor’s adjustments to its expansion plans in India due to wanted infusion challenges welling from regulatory restrictions on foreign uncontrived investment from China. Despite investing nearly INR 5,000 crore in India, the visitor faced hurdles in securing spare funding from the parent visitor due to geopolitical tensions between India and China. MG Motor has been relying on external commercial borrowings from SAIC to support its operations in India.