SAIC Motor Corp. Limited’s Indian subsidiary, MG Motor India plans to invest Rs 1,000 crore for boosting capacity at its Gujarat’s facility and to increase localisation levels in its products in the next one year.

MG Motor India had already invested Rs 3,000 crore in the country and now, the additional amount of Rs 1,000 crore is for boosting the capacity of the facility centre and in the localisation levels of its components and products.

“We will invest an additional Rs 1,000 crore between now and September 2021. Some of this will be used to increase capacity at our existing facility in Halol (Gujarat),” said Rajeev Chaba, President and MD at MG Motor India Pvt. Ltd. He said that the Gujarat facility centre had an annual production capacity of 75,000-80,000 vehicles which will now be increased to 100,000 vehicles. Due-diligence is on for setting up a second manufacturing unit in the country, he added.

The remaining resources would be used to add-on value in the operations through localisation of high-end components, tooling at our vendors, electric vehicle battery localization, and in the launch of SUV Gloster, said Chaba.