SAIC Motor, the Shanghai-based firm, which has joint ventures with General Motors and Volkswagen in China is likely to introduce electric cars in India which would compete with Mahindra & Mahindra. For this it has created a fully-owned subsidiary, MG Motor India.
SAIC Motor owns the MG, Roewe and Maxus brands and says that its vision for India is to deliver environment-friendly mobility.
The MG brand originated as an iconic British Racing Sports Brand in 1924. MG products, that are currently designed and engineered at its European & Global Design Centers, will now also be manufactured in India while conforming to global quality standards and aligning with the Indian regulations, emission norms and driving conditions. These include the MG GS and the MG 3, which are now on sale in the UK. Shanghai-based