Sign up here for GlobalData's free bi-weekly Covid-19 report on the latest information your industry needs to know.
MG Motor India is in discussions with medical device manufacturers to produce ventilators at its plant in Halol to help address the demand during the coronavirus (Covid-19) pandemic.
The company said that it is in discussions with companies such as GE and some others for the ventilators production.
The company has also launched an affordable ventilator design challenge to serve the patients affected by Covid-19.
The best ventilator design concept, post evaluation by a team of medical experts, will receive a grant of Rs10lakh from the company.
Additionally, MG Motor will provide production support for the proposed ventilator prototype at its Halol facility for quick market deployment. The prototype is expected to be ready within a week.
If the prototype receives regulatory approval, the company plans to start manufacturing its own ventilators. However, it may require more time as it involves regulatory approval.
The company also has plans to begin a separate unit for ventilators in the future, if the demand increases.
MG Motor India president and managing director Rajeev Chaba said: “The Covid-19 pandemic has given rise to a dire need of ventilators to take care of the growing number of patients. There is an extreme shortage of ventilators in the country and those available are very expensive for mass adoption.
“As a responsible corporate citizen, MG Motor India is committed to fighting this pandemic. Incentivising medical innovation through a financial grant to the most viable prototype is the most effective channel to do our bit for the community.”
Meanwhile, coronavirus cases in India have crossed 4,314 with the death toll reaching 118.