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 subsidiary of SAIC Motor Corp is called MG Motor India and most likely the company will roll out its first vehicle from the country late next year or early 2019, reports ET Auto.
According to industry body the Society of Indian Automobile Manufacturers, India’s passenger vehicles industry currently has a production capacity of over 5.5 million. The automotive industry, including component manufacturing, is estimated to grow to almost $50 billion in annual sales by 2026 it added.
Last updated: December 26th, 2025
