JSW MG Motor's ₹3,000 Crore Boost for India's Auto Sector

JSW MG Motor India is gearing up for a significant expansion with a ₹3,000 crore investment by 2025. This strategic move aims to triple production capacity and introduce five new models, encompassing both electric and internal combustion engine vehicles.

The substantial investment will elevate the production capacity to 300,000 units annually at their Halol, Gujarat facility. Additionally, the company plans to establish a second plant at this site by the end of next year, enhancing their manufacturing capabilities and supporting new product launches.

MG Motor's commitment to the Indian market is evident, with the company having already invested ₹7,000 crore. This new influx of capital will further solidify its presence and competitiveness in the automotive sector.

Among the five new vehicles slated for release, the first will be the Cloud EV, an electric crossover utility vehicle. Scheduled for launch around the festive season this year, the Cloud EV marks the beginning of an exciting phase for JSW MG Motor India.

The joint venture between China’s SAIC Motor and JSW Group underscores their combined effort to strengthen MG Motor’s operations in India, signaling a robust future for the company in the country’s evolving automotive landscape.

News by Rahul Yelligetti