MG Motors sees no impact of Indo-China tension, expects sales to rise 75%

MG Motors on Thursday launched the seven-seater version of its premium SUV, Hector, at a price of Rs 13.34 lakh

MG Motors, owned by China’s SAIC, expects its sale to grow by 75 per cent in 2021 as compared to the last calendar year. The company sold 28,000 vehicles last year.
 
“We grew by 77 per cent in 2020 when the industry had actually contracted 18 per cent. This year, we expect to continue the momentum and increase sales by 75 per cent,” Rajeev Chaba, president and managing director, MG Motor India said.
 
It invested Rs 3,000 crore till now in India. “We will invest Rs 1,500 crore more by the next financial year,” Chaba said. This comes