MG Motor Cars in India: A Good Buy or a Risky Investment?

MG Motor, a British car brand, presently under the ownership of China's leading automotive company SAIC Motor Corp, has introduced several features related to Autonomous Driving Assistance (ADAS) in their products as part of the 2021 update. Previously, MG Motor India had announced its intention to provide a significant portion of ownership to local partners within the next 2-4 years, aligning with a five-year business strategy in the nation. The market's landscape is undergoing transformation at present, and it remains to be seen how these developments will influence the industry.

MG Motot Cars' future in India

Perhaps you've heard of MG Motor India's efforts to lower its ownership stake. But it's important to note why this choice was made. Its Chinese heritage is an important consideration. As far as we know, SAIC, one of China's leading automakers, supports the car brand. The market has been impacted by a significant rise in anti-China sentiment in India during the past several years.

The automaker has been aggressively seeking funding for its forthcoming expansion phase and has set aside Rs 5,000 crore for growing its activities in the nation by 2028. The company has struggled and so far been unsuccessful in its attempts to receive further funding from its Chinese parent corporation.