British automotive company MG Motor U.K. Limited, a subsidiary of Shanghai-based SAIC Motor, will begin production of its SUV Hector in India in the second quarter of 2019. The company has set up its manufacturing facility in Halol, Gujarat, and plans to begin production with over 75 percent localization. MG...
Global Automakers to Invest $8 Billion in India
Over the next four years, automakers will invest $8-10 billion to set up factories in India. Maruti Suzuki, South Korea based Hyundai Motor Company and Kia Motors, Chinese SAIC, Changan and Beiqi Foton, and Italy’s Fiat, are among the companies that plan to expand production in the country. The Indian...