SAIC India Sets $440M Investment Plan for EVs, Hybrids Expansion

JSW MG Motor, which is a Chinese-Indian joint venture established between JSW Group and SAIC Motor, will invest up to 440 million dollars (approximately Rs 3,640 crore) to enhance its India plant and introduce new models, especially hybrid and electric cars.

The company plans to increase the capacity of its current plant to 120,000 to 300,000 units per year, which will lead to its long-term expansion.

Anurag Mehrotra, Managing Director of JSW MG Motor, revealed that it will spend between 3,000 to 4,000 crore (330 million to 440 million dollars) in the next few years. This investment will finance the release of 3-4 new vehicles as well as with the help of several sources of funds, such as internal accruals and possibly debt or equity sources.

Also Read: Smart Battery Management: Driving Hybrid Vehicle Efficiency in India

JSW MG Motor has not made a profit even when its sales increased. The company expanded its losses to 121 million in FY 2025, and a cash reserve of 60 million, and a borrowing of 344 million. Nevertheless, its Windsor electric vehicle has served to increase sales, reaching 70,500 in 2025, as compared to 61,000 in 2024.

The future plan of the company is based on the new energy vehicles (NEVs), and Mehrotra stated that NEVs will form at least 75 percent of the product range. By the year 2030, he predicts that NEVs may constitute 30 percent of the total annual car sales in India compared to 5 percent today.

CLICK HERE TO CATCH THE LATEST INDUSTRY STORIES

JSW MG Motor is also concerned with localizing its supply chain in order to cut down on expenses in order to increase profitability. As there has been a change in India-China relations, the company has a prospect of better market conditions.