New Delhi: MG Motors Company has suffered a lot due to which the company has decided that it will reinvest in India.
MG Motors is planning to invest Rs.1,000 crore to launch its new models and to increase its business. Due to the change in FDI rules, the company will have to get approval from DPIIT before making any investment.
About which MG Motors India President and MD ‘Rajiv Chhabra’ said that the Government of India has every right to decide what is right and wrong for our country. Every government has to think about the good of its country.
The Government of India is doing everything right. When he was asked about the feeling of boycott of Chinese goods, he said that all this is short term, but if the medium to long term is seen then the company will grow. He said that there are many such instances in which there are tensions between countries, but because of that, business is not affected.
This is not the first time that MG Motors is investing in India. Even before that the company has invested 3000 crores. Chhabra also talked about the company’s new model Gloster, which is a luxury SUV.
He also said that MG Motors will now increase localization in India. However, he also said that parts are more expensive in India than in China, but still the company will insist on localization.