
MG Motor India to invest $100 million to expand capacity, eyes 70 percent growth in 2023
The company is to expand manufacturing capacity from 1.2 to 1.4-1.5 lakh units at its Halol plant in Gujarat.
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Buy Now!The company is to expand manufacturing capacity from 1.2 to 1.4-1.5 lakh units at its Halol plant in Gujarat.
With a rising order book, electric CV maker says it is on course for a billion-dollar business and plans to have a capex of Rs 6,000 crore in the next 3-5 years to meet demand.
GEF will invest Rs 1,500 crore over the next three years. Hero Motors expects 60 percent of its turnover to come from EVs.