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MG Motor to invest Rs 2,500 cr by 2022-end to ramp up Halol plant capacity
MG Motor India is investing Rs 2,five hundred crore by the finish of subsequent year to improve the generation ability at its Halol plant in Gujarat, as it gears up to start its mid-dimensions SUV Astor, according to a top rated enterprise formal. Irrespective of the worsening semiconductor scarcity circumstance, which is probably to continue for at minimum an additional 6 months, the enterprise expects its income this year to develop by up to one hundred for every cent in excess of final year. “We have finished an financial commitment of Rs 3,000 crore previously, and by the finish of subsequent year, we will do an additional Rs 2,five hundred…