JSW MG Motor logs record June wholesales, launches Majestor as KKR eyes $400M stake
JSW MG Motor India posted record June wholesales of 7,568 units (up 30% YoY) with EVs over 75% of volume, and launched the Majestor SUV at Rs 40.99 lakh. KKR is exploring a $400M investment as JSW becomes largest shareholder amid SAIC's 10% stake sale, backed by Rs 8,000 crore SBI funding for a Maharashtra plant.
JSW MG Motor India logged record June wholesales (7,568 units, 75%+ EV) and launched the Majestor SUV. KKR eyes $400M investment; JSW becomes largest shareholder as SAIC sells 10%, backed by Rs 8,000cr SBI funding for a Maharashtra plant.
Why this matters
Builds on JSW MG's record June sales of 7,568 units with EVs topping 75% of volume, now paired with the Majestor launch and KKR's $400M interest, even as a Chandigarh refund order flags product quality risks.
Retail-company signals accelerating, up 552100% QoQ.