IT Department Visits MG Motor India’s Corporate Office In Gurugram

The Income Tax Office frequented MG Motor India’s company office environment in Gurugram, and carried out “enquiries” at the premises on November 18, 2022. Owned by China’s SAIC Motor Corp, British-origin brand name MG Motor has been in India since 2019 – when it launched the MG Hector compact SUV – and has because invested seriously in the Indian market place. According to resources, the pay a visit to was a routine enquiry by the IT section and are not able to be termed a “raid.” carandbike reached out to MG Motor India, but the business has not issued a assertion concerning the progress so considerably.

MG Motor has invested as significantly as Rs. 3,500 crore in the Indian marketplace to assist its “Make In India” mission, and has also viewed an exponential progress in career development with a workforce of far more than 3,000 men and women – operating specifically and indirectly with the organisation. As MG Motor is nonetheless awaiting approvals for international direct investments, the organization is reportedly hunting at alternate resources for money far too.

MG is preparing to start a micro EV known as MG Air EV in India quickly.

MG at present has five products on sale in India, all those being the Astor compact SUV, ZS EV (electric sibling of the Astor), Hector compact SUV, Hector Plus 3-row SUV, and the Gloster 3-row SUV. Considering the fact that inception, MG has offered in excess of 1,30,000 models in India, and the corporation has a focus on to sell 56,000 models in 2022. MG is also aiming to maximize manufacturing volumes two-fold future year, to 1,00,000 models. Aside from that, MG is gearing up to unveil the facelifted Hector shortly, and it strategies to carry a micro EV named MG Air EV to the Indian market place as effectively.