JSW MG Motor India rides EV demand surge, expands Halol capacity to 3 lakh units with Rs 4,000 cr investment
JSW MG Motor India expects NEVs to reach 70-80% of sales as EV penetration climbs from 3.8% to 8%. The MD flagged rising post-war EV demand, unveiled the ADAPT platform, and plans new EV and PHEV launches. Halol plant capacity rises from 1.2 lakh to 1.6 lakh units, targeting 3 lakh, backed by Rs 1,400 crore capex.
JSW MG Motor India reports rising EV demand post West Asia war, expecting NEVs to hit 70-80% of sales. It unveiled ADAPT platform, plans new EV and PHEV launches, and is expanding Halol plant capacity with Rs 4,000 crore investment.
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