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MG Motor India to invest Rs 5,000 crore in two phases
20-Mar-2018
MG Motor India, a wholly-owned arm of Chinese auto giant SAIC Motor, on Monday said it will invest close to Rs 5,000 crore in the next five years and ramp up its production capacity over 2,00,000 units per year in a phased manner. “In the first phase, we are investing Rs 2,000 crore in our Halol plant (Gujarat) and later, we will invest Rs 3,000 crore more to expand our operations.
News Source:- http://www.newindianexpress.com/business/2018/mar/20/mg-motor-india-to-invest-rs-5000-crore-in-two-phases-1789703.html
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