Sparking Growth: The Rs40 Billion JSW MG Makeover

JSW MG Motor India, the Indian joint venture of SAIC Motor Corporation, plans to invest up to ₹40 billion ($441 million) to significantly expand its manufacturing footprint as it seeks to capture a larger share of India’s fast-growing new-energy vehicle (NEV) market.

The proposed investment will raise the company’s annual production capacity in India to 300,000 units over the coming years, with a clear focus on electric and plug-in hybrid vehicles. Managing Director Anurag Mehrotra said the expansion aligns with the company’s strategy to accelerate its NEV portfolio and localize production.

The move represents one of the largest capital infusions since billionaire Sajjan Jindal’s JSW Group partnered with SAIC in 2024. It underscores the joint venture’s ambition to emerge as a leading NEV manufacturer in India. The expansion will include upgrades to paint and body facilities and support a pipeline of new models slated for launch beginning in 2027.

News by Rahul Yelligetti.