JSW MG Motor plans to invest up to $440 million (about €372 million) to expand manufacturing capacity and accelerate new vehicle launches in India, focusing on electrified models as its main growth driver, according to comments by Managing Director Anurag Mehrotra reported by Reuters.
The company—formed as a joint venture between SAIC Motor and India’s JSW Group—intends to invest 30–40 billion rupees over the coming years. Mehrotra said funding would come from multiple sources, including potential debt and equity financing.
See also: JSW and MG Motors Form Joint Venture to Target One Million Electric Car Sales in India by 2030
The investment is expected to increase annual production capacity from about 120,000 vehicles to 300,000 units, more than doubling output. The automaker has also planned three to four new model launches this year and aims to boost local sourcing to reduce costs.
JSW MG Motor currently sells six models in India, including three fully electric vehicles, and plans to add hybrid options. The company sold about 70,500 vehicles last year, a 15.6% increase from the previous year, with EVs accounting for the majority of sales. The MG Windsor emerged as the country’s best-selling electric car, highlighting strong demand for battery-powered models. Mehrotra said electrified vehicles are expected to represent at least 75% of future sales.
See also: MG Windsor Becomes India’s Top-Selling Electric Car, Overtaking Tata Nexon.ev
SAIC Motor originally entered the Indian market independently with the MG brand in 2019. However, tighter scrutiny of Chinese investments since 2020 complicated expansion plans. In 2024, SAIC transferred a controlling stake to Indian shareholders, with JSW Group acquiring 35% as part of the restructuring.
Although relations between India and China have improved, Mehrotra noted that geopolitical risks remain a factor for the business. Discussions over further changes to ownership have taken place, but differences over valuation have prevented additional stake sales so far.
