MG Motors Lays Down India Plans
MG Motor India has announced its aggressive business plans for the Indian market. The SAICowned company has committed to investing `2,000 crores in its first phase of development, and has envisioned investing as much as `5,000 crores total in the country over a span of the next six years if all goes according to plan. SAIC (Shanghai Automotive Industry Corporation), meanwhile, manufactured 7 million vehicles last year, with a total turnover over $110 billion.
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