Company type | Joint venture |
---|---|
Industry | Automotive |
Founded | 2017 |
Headquarters | , India |
Area served | India |
Key people | Rajeev Chaba (President & MD) [1] |
Brands | MG Motor |
Number of employees | 3,000+ [2] (2023) |
Parent | SAIC Motor (65%) JSW Group (35%) |
Website | www |
MG Motor India Private Limited is an automobile manufacturer in India, which was established in 2019. Since 2023, it is a joint venture between the Shanghai-based Chinese automotive manufacturer SAIC Motor and Mumbai-based Indian multinational conglomerate JSW Group, which markets vehicles under the British MG marque. [3]
The whole subsidiary was setup in the year 2017 by SAIC Motor and began its sales and manufacturing operations in 2019 from an old General Motors facility in Halol, Gujarat. [4] The company was intended to allocate $650 million for investment, however the Indian government aimed to restrict funding from Beijing following a conflict in 2020 between troops of both nations along their disputed Himalayan boundary. [5]
In May 2023, in its attempt to support localization, MG Motor India decided to raise capital for funding its expansion in the country by tapping into Indian capital markets and reducing shareholding of parent organization SAIC. [6] [7] By November 2023, the company entered into a strategic joint venture with JSW Group, which allowed latter to acquire 35% in the company. [8]
MG Motor India operates one manufacturing plant in the country, located in Halol, Gujarat. The plant has a capacity of 80,000 units per year and was previously owned by General Motors India, which halted its sales operations in India at the end of 2017. [9] MG Motor India has invested more than ₹ 2,000 crore in revamping the 178 acre facility after its takeover from General Motors. [9]
Like in other regions globally, MG cars manufactured and sold in India are designed by SAIC Advanced Design Studios co-located in London and Shanghai (refer to SAIC SMTC and SAIC-GM-Wuling). [10]
Model | Indian introduction | Current model | ||
---|---|---|---|---|
Introduction | Update (facelift) | |||
SUV/crossover | ||||
Astor | 2021 | 2021 | — | |
Hector | 2019 | 2019 | 2023 | |
Hector Plus | 2020 | 2020 | 2023 | |
Gloster | 2020 | 2020 | — | |
Model | Indian introduction | Current model | ||
---|---|---|---|---|
Introduction | Update (facelift) | |||
Hatchback | ||||
Comet EV | 2023 | 2023 | — | |
SUV/crossover | ||||
ZS EV | 2020 | 2020 | 2022 | |
General Motors Company (GM) is an American multinational automotive manufacturing company headquartered in Detroit, Michigan, United States. The company is most known for owning and manufacturing four automobile brands, Chevrolet, GMC, Cadillac and Buick. By sales, it was the largest automaker in the United States in 2022, and was the largest in the world for 77 years before losing the top spot to Toyota in 2008.
GM Korea Company is the South Korean subsidiary of multinational corporation General Motors and the third largest automobile manufacturer in South Korea. GM Korea's roots go back to the former Daewoo Motors vehicle brand, which was split from its parent company, Daewoo Group, in 2002. In addition to importing vehicles for sale into South Korea, the company also operates three manufacturing facilities producing vehicles for the domestic market and for export. The company also operates GM Technical Center Korea, a design, engineering, research & development facility for various GM products, primarily small-size cars.
Hindustan Motors is an Indian automotive manufacturer based in Kolkata, West Bengal, India. Parmar provided established manufacturer plants for Hindustan Motors, which has been unpaid by Birla Technical Services conglomerate. Hindustan Motors became the largest car manufacturer in India before the rise of Maruti Udyog. Hindustan Motors manufactured the Ambassador and Landmaster motorcars, both immensely popular Indian automobiles from 1957 to 2014.
SAIC Motor Corp., Ltd. is a Chinese state-owned automobile manufacturer headquartered in Anting, Shanghai. Founded in 1955, it is currently the largest of the "Big Four" state-owned car manufacturers of China, namely: SAIC Motor, FAW Group, Dongfeng Motor Corporation, and Changan Automobile, with car sales of 5.37 million, 3.50 million, 3.28 million and 2.30 million in 2021 respectively.
SAIC General Motors Corporation Limited is a joint venture between General Motors Company and SAIC Motor that manufactures and sells Chevrolet, Buick, and Cadillac brand automobiles in Mainland China.
Maruti Suzuki India Limited is the Indian subsidiary of Japanese automaker Suzuki Motor Corporation. As of September 2022, the company had a leading market share of 42 percent in the Indian passenger car market.
The automotive industry in India is the fourth-largest by production in the world as per 2022 statistics. As of 2023, India is the 3rd largest automobile market in the world in terms of sales. In 2022, India became the fourth largest country in the world by the valuation of its automotive industry.
Halol is a city and a municipality (tehsil) in Panchmahal district in the Indian state of Gujarat. Located in western India, it has an average elevation of 499 metres (1637 feet). Halol is a major manufacturing hub of Western India, home to manufacturing facilities of numerous domestic and multinational companies like MG Motor India, Siemens Gamesa, JCB India, Hero Motocorp, Sun Pharma, TOTO India, CEAT Tyres, LM Wind Power, Polycab India, etc.
Mahindra & Mahindra Limited (M&M) is an Indian multinational automotive manufacturing corporation headquartered in Mumbai. It was established in 1945 as Mahindra & Mohammed and later renamed Mahindra & Mahindra. Part of the Mahindra Group, M&M is one of the largest vehicle manufacturers by production in India. Its unit, Mahindra Tractors, is the largest manufacturer of tractors in the world by volume. It was ranked 17th on a list of top companies in India by Fortune India 500 in 2018. Its major competitors in the Indian market include Maruti Suzuki India and Tata Motors.
The Kalyani Group is an Indian multinational conglomerate that operates in various key sectors including engineering steel, automotive and non-automotive components, renewable energy and infrastructure, and specialty chemicals. The group has also expanded its operations into the defense manufacturing sector, which was showcased at the DefExpo 2020.
The economy of Gujarat, a state in Western India, is the most industrialised in India, having the highest industrial output of any state in the union.It has the highest exports of any Indian state, accounting for 33% of all Indian exports in 2022-23. It leads in diverse industrial sectors such as chemicals, petrochemicals, dairy, drugs and pharmaceuticals, cement and ceramics, gems and jewellery, textiles and engineering. It has the highest Electricity Production Capacity and Maritime Port Cargo Volume among all states in India. It also has significant agricultural production with major agricultural produce of the state being cotton, groundnuts (peanuts), dates, sugar cane, milk and milk products. Gujarat recorded the lowest unemployment rate in India in 2022, with 4.4% of the labour force being unemployed.
General Motors India Private Limited was a subsidiary of General Motors for its operations in India. General Motors had 93% stake in this partnership and the remaining 7% was held by SAIC. It was the 5th largest automobile manufacturing company in India after Maruti Suzuki, Hyundai, Tata Motors and Mahindra. After 21 years of operations in India, General Motors ceased selling cars in India by the end of 2017 as a part of its global restructuring actions.
Sajjan Jindal is an Indian billionaire industrialist. He is the chairman and managing director of JSW Group of companies; diversified in steel, mining, energy, sports, infrastructure and, software business.
MG Motor UK Limited, trading as MG or MG Motor, is an automotive company headquartered in London, and owned by the Shanghai-based Chinese state-owned automaker SAIC Motor. The company markets cars under the MG marque, a British marque that was established in Oxford, UK in 1924.
JSW Steel Limited is an Indian multinational steel producer based in Mumbai and is a flagship company of the JSW Group. After the merger of Bhushan Power & Steel, Ispat Steel and Jindal Vijayanagar Steel Limited, JSW Steel became India's second largest private sector steel company.
JSW Group is an Indian multinational conglomerate, based in Mumbai. It is led by Sajjan Jindal and is part of the O.P. Jindal Group. The group's diverse businesses include steel, energy, infrastructure, cement and paints, across India, the United States, South America, and Africa.
Tube Investments of India Limited is an Indian engineering and manufacturing company that specializes in bicycles, metal formed products, and chains. It is based in Chennai and a part of Murugappa Group. It was incorporated as TI Cycles of India Limited in 1949, as a joint venture company.
Greaves Cotton Ltd. is an Indian conglomerate engineering company that manufactures Cleantech Powertrain Solutions for petrol, diesel and CNG engines and heavy equipment. It is traded on the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE).
Parth Jindal is an Indian businessman and scion of JSW Group.
Suzuki Motor Gujarat Private Limited(SMGPL) is an automotive manufacturing plant owned by Suzuki Motor Corporation. Located in Hansalpur Becharaji village of Mandal Taluka in Ahmedabad District, it is the first and the only Suzuki automobile manufacturing plant in India that is wholly owned directly by Suzuki as a foreign company, as the other plants are owned by Maruti Suzuki. The plant supplies vehicles to Maruti Suzuki in the domestic market and to overseas markets. The plant was opened on 1 February 2017 and has the total annual capacity of 750,000 units. The plant has helped Suzuki achieve exports of 2 million units from India. On 31 July, Maruti Suzuki made an announcement to acquire 100% stake of SMG from SMC.