JSW MG Motor to Invest $441M, Triple India Plant Capacity to 300,000 Units

• JSW MG Motor India plans to invest up to $441 million (₹40 billion) to expand its manufacturing capacity to 300,000 units annually.
• The expansion will upgrade the Halol plant in Gujarat and support new models, including three to four launches in 2026, with a focus on new-energy vehicles.
• The company's focus shifted to electric and plug-in hybrid models after JSW Group joined SAIC in 2024.
• JSW MG's share of India's EV market grew to about 30% in 2025, with retail sales up 35% and revenue up 27%.
• The initial phase of expansion will be funded through internal accruals, with external funding options considered later.