MG Motor charts Rs 4,000 crore India charge

CHENNAI: JSW MG Motor India, the joint venture between JSW Group and China's SAIC Motor, is gearing up for a decisive expansion in India with a planned investment of Rs 3,000 to Rs 4,000 crore and an aggressive product offensive lined up for 2026. The country's second-largest electric car maker by volume is sharpening its ambition to strengthen its play in the new energy vehicle (NEV) space.

The proposed investment will be made towards ramping up production capacity at Halol in Gujarat, accelerating localisation initiatives, and introducing new products. The facility currently has an installed capacity of about 110,000 units annually and produced 70,000-72,000 units last year.

The company has lined up four new products for 2026, including three models under its mainstream MG channel and one under its premium MG Select network. The first of these, the MG Majestor, was recently unveiled, marking the brand's entry into the D-plus segment. All launches will be in the new energy space - including a plug-in hybrid and battery electric vehicles - as the company deepens its NEV portfolio.

"While we will continue to have ICE products, our centre of gravity will remain firmly on new energy vehicles," said Anurag Mehrotra, managing director, JSW MG Motor India.