'We believed in the EV story much earlier than other players, that is why we brought in ZS EV three years ago. On the company's product strategy, he stated that in the long term, the firm aims to be a reasonably big EV player. The company has so far invested over Rs 3,500 crore in the country. Volumes are important but at the same time it is necessary to have sustainable operations, he noted. So we are taking a step at a time.so the focus is to fill the Halol capacity and become profitable,' Chaba said when asked about the delay in finalising the second plant. 'We wanted to make sure to take care of Halol capacity expansion first and because the auto industry remains influenced by the top three players, we need to be careful about capacity expansion. All options like having a new plant or some brownfield expansion or even contract manufacturing are being debated, he added. The company had introduced its first product ' Hector' in India in 2019.Īsked about the company's plans regarding a second manufacturing facility in the country, Chaba said the automaker is still in talks with various stakeholders. He further said: 'This is a big milestone for us and if we achieve that it will be within four years of our first launch in the country.' So far we have been losing money and next year we should breakeven to some minimal profit,' Chaba said. So in 2023 hopefully the plant should be full and we should be profitable next year. 'Last year we sold around 40,000 units, this year it should be 55,000-56,000 units.

MG Motor had bought the Halol plant from General Motors and has been able to ramp the annual production capacity from 65,000 units to 1.25 lakh units now. He noted that the company is in the final stage of completing capacity expansion at its Halol-based manufacturing plant in Gujarat which would help it scale up dispatches to dealers next year.

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