He further said: "Halol currently can do one lakh cars per year. So that means we need a new plant and we need to decide (a plan of action) in the next three-four months."
Terming it as a mid-term plan, Chaba said the company would also look at having four products to its portfolio by the end of next year.
"So, we are committed to launching four products in two years, and after that one new product each year till 2025," he added.
When asked if the company was planning to set up a new plant or looking at a Halol-like facility, Chaba said: "Right now we are looking at all the options - brownfield, greenfield. That's why we will take three-four months to decide our strategy."
He added that company officials were in talks with various state governments and were evaluating different options.
MG Motor sold around 16,000 units in 2019 and aims to cross 40,000 mark this year, he said.
"Next year, we are targeting in the range of 80,000 to 1 lakh units," he added.
On product portfolio, Chaba said the company would have a volume model in addition to one electric vehicle (EV) and two sports utility vehicles (SUVs).
When asked if the coronavirus episode in China is going to impact supply of parts for various models, he said: "Production is going to be impacted this month, but we expect to start recovering from March, April onwards."
MG Motors is owned by China's SAIC Motor Corporation.
On increase in customs duty on imported EVs, Chaba said the development won't have any impact on MG Motor's electrification plans.
"We will keep on launching electric products here... it is being done to promote domestic manufacturing which is good for the country," he noted.
He, however, added that there should be a long-term policy regime in the country with less surprises.
Chaba said the company is looking to increase localisation element for its electric car ZS.
"Right now local content is very less but, by end of next year, we should have 30-40 per cent localisation on it," he added.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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