Chinese automaker SAIC is going to knock the Indian market through its subsidiary MG Motors. The company is in the final phase of the process of buying General Motors’s Halol based plant in Gujarat.
In conversation with online media reports, MG Motor India President and Managing Director Rajiv Chhabra unveils his plans for the Indian market. It has also been revealed in the report that the company’s first product will be a compact SUV car, which will directly compete with Hyundai Creta.
Talking about the Hyundai Creta features, Creta comes with three engine options 1.6-liter CRDI VGT diesel, 1.4-liter CRDI diesel and 1.6-liter diesel VTV engine. These three engines generate power of 128, 90 and 123 PS respectively. The price of Hyundai Creta ranges from Rs 8.94 lakh to Rs 14.07 lakh. The starting price of petrol starts at Rs 8.94 lakh and diesel starts at Rs 9.79 lakh.
Rajiv Chhabra told that SAIC will invest Rs 2 thousand crores in the first phase so that the Halol plant can be renewed. Apart from this, the production of the plant will also be increased from 60 thousand units to 80 thousand units. Although they did not provide any information related to their product.
However, according to the reports, after compact SUV the company will also launch small MPV and a hatchback. Rajiv Chhabra said that the company’s first launch will be in 2019 and the second launch will be in 2020. MG Motors currently sells MG ZS SUVs in the China market. This SUV can be lowered in the UK by the end of this year.