JSW MG Motor Announces INR 3,000 Crore Expansion Plan

JSW MG Motor is stepping on the gas. The automaker today announced a ₹3,000 crore investment to expand its manufacturing operations and roll out new vehicles in India, signaling a sharper push into the fast-growing new energy vehicle space.

The company will use the funds to expand its existing facility in Halol, Gujarat, by adding a second plant next to the current one.

This move will significantly raise production capacity from around 1.2 lakh units per year to nearly 3 lakh units annually once the expansion is complete. The investment will be funded through internal accruals, while additional funding options, including debt, may be explored for the new plant.

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Alongside the plant expansion, JSW MG Motor plans to launch four new models over the next two years. These will include high-volume mass-market vehicles as well as models in the new energy vehicle segment, covering both electric vehicles and hybrids. The company said its focus remains firmly on EVs and hybrid technology as demand continues to rise.

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At present, nearly 80% of the company’s sales come from electric vehicles. It aims to maintain new energy vehicles at 70–80% of its overall sales mix going forward.

The company has also reported strong growth momentum, with wholesale volumes rising 18% and retail sales jumping 36% last year, outpacing the broader passenger vehicle market.