SAIC Motors, the Chinese automotive giant, has officially announced its plan to enter the Indian market through a fully-owned car manufacturing facility in the country. The operations, which are expected to commence in 2019, will create sizeable employment opportunities under the “Make in India” and “Skill India” initiatives and positively contribute to the economic development of the region. SAIC Motor would commence the sales and operations in India under the iconic “MG” (Morris Garages) brand.
“The introduction of the iconic British Sports Car Brand ‘MG’ in India is an important part of SAIC Motor’s global strategy. Our aim is to provide best-in-class vehicles, integrating sophisticated British design and quality, breakthrough product features and a pleasing ownership experience,” the company said in a statement. With the establishment of its fully-owned subsidiary, “MG Motor India”, the Company today also announced some senior level appointments. Mr. Rajeev Chaba, a veteran with over two decades of experience in the automotive sector will be the President and Managing Director of MG Motor India. Mr. P. Balendran, also with a wealth of experience in the auto sector has been appointed as the Executive Director.
The company said it is delighted to have both Mr. Rajeev Chaba and Mr. Balendran join MG Motor India as its senior leadership team. The Chinese automaker is in the process of finalizing its manufacturing facility and is firming up its product strategy for the Indian market, details of which will be announced at a later stage. MG products, that are designed and engineered at its European & Global Design Centres, will now also be manufactured in India while conforming to global quality standards and aligning with the Indian regulations, emission norms and driving conditions. The MG brand, which originated as an iconic British Racing Sports Brand in the year 1924, has evolved into a modern-day innovative brand through the last 93 years.