JSW MG Motor India has announced a significant investment of Rs 3,000 crore by 2025 to expand its production capacity and introduce new vehicle models. This investment aims to enhance the company’s manufacturing capabilities and launch five new vehicles, including both electric and internal combustion engine models.
The capital will be utilised to triple production capacity to 3,00,000 units annually at the company’s manufacturing site in Halol, Gujarat. This expansion will include the establishment of a second plant at the site, which is expected to be completed by the end of next year.
In addition to the capacity enhancement, the company plans to introduce five new vehicles. The first of these, an electric crossover utility vehicle named Cloud EV, is scheduled for launch around the festive season this year. This marks the first new car introduction for the automaker since China’s SAIC Motor and JSW Group formed a joint venture to manage MG Motor’s operations in India.
So far, MG Motor India has invested Rs 7,000 crore in the country. The continued investment demonstrates the company’s commitment to the Indian market and its strategy to diversify its product offerings to include both electric and traditional fuel vehicles.
