JSW MG Motor charts Rs 4,000cr push, bets big on NEVs for 2026

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 further 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 around 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 upcoming 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. The company has recalibrated its long-term strategy, identifying NEVs as its primary growth driver, leveraging technology access from its global partner SAIC Motor, where new energy vehicles already account for more than half of total car sales. In MG's India sales mix, over 70% of volumes now come from new energy vehicles. Mehrotra said this share is expected to remain in the 70%–75% range going forward. In 2025, JSW MG Motor India's wholesale volumes stood at 70,554 units, up 19% from 59,439 units in 2024. Its EV market share has expanded steadily from about 20% two years ago to 30% in calendar year 2025. Mehrotra said the company is positioning itself as a technology-led, premium brand with a portfolio spanning a wide price range — from Rs 7 lakh to Rs 70 lakh in India. Upcoming launches will include products entering entirely new categories, as well as models introducing new powertrain technologies, including plug-in hybrids, to the Indian market. The industry is expected to grow in the high single digits in calendar year 2026. "We expect to grow faster than the industry," he added.