MG Motor Showcases EV Portfolio At Vibrant Gujarat Global Summit
MG (Morris Garages) showcases its EV portfolio at the Vibrant Gujarat Global Summit 2024. Recently, MG has become the second-largest EV seller in the passenger vehicle segment in the country.
MG has invested INR 7,000 crore in Gujarat, rolling out over 2,00,000 cars from its manufacturing plant in Halol, Gujarat. In addition, MG is also exploring local manufacturing of EV components, establishing a battery assembly unit in the state and cell manufacturing and hydrogen fuel-cell technology deployments through joint ventures and third-party collaborations.
Rajeev Chaba, CEO Emeritus, MG Motor India, said, “Gujarat's business-friendly environment and pioneering policies have made it a compelling destination for our investments, particularly in electric vehicles (EVs). Our EV portfolio contributes to 25 per cent of our overall sales and these are all proudly manufactured at our Halol plant in Gujarat. Our successful journey in the state reflects a shared commitment to progress. Looking ahead, we eagerly anticipate the continued deepening of our relationship with Gujarat in the years to come."
Alongside its products and customer programmes, the company has created an EV environment with its six-way charging infrastructure and installed more than 15,000 charging touchpoints nationwide, including public and home chargers. The company is also working with its many partners to set up EV charging infrastructure for battery recycling, reuse and life extension.
