JSW MG Motor India ramps Halol capacity as EV demand surges post West Asia war
MD Anurag Mehrotra expects NEVs to hit 70-80% of sales as EV penetration jumped from 3.8% in January to 8% by June. The company is lifting Halol plant capacity from 1.2 lakh to 1.6 lakh units, running three shifts, backing new EV and PHEV launches with Rs 1,400 crore capex against Rs 4,000 crore total investment.
JSW MG Motor India expects NEVs to hit 70-80% of sales as EV demand rises post West Asia war. It is expanding Halol plant capacity, launching new EV and PHEV models, and running three shifts at full capacity.