JSW MG Motor targets 80% NEV sales, plans first plug-in hybrid this fiscal
As rising fuel costs accelerate EV adoption, JSW MG Motor India sharpens its new-energy vehicle focus, targeting 80% of sales (75% long-term) and launching its first plug-in hybrid on the ADAPT platform this fiscal. Rivals Tata (~20% EV share) and Mahindra (~12%) also ride ~70% EV growth as penetration crosses 8%.
JSW MG Motor India sharpens focus on new-energy vehicles, targeting 80% of sales, and plans to launch its first plug-in hybrid this fiscal on its ADAPT platform as rising fuel costs boost EV adoption alongside Tata and Mahindra.
Why this matters
Reinforces JSW MG's aggressive NEV push, echoing its earlier ~80% NEV sales target and ₹4,000 crore plan to more than double its network to 1,200 outlets in a Tier-II expansion.
Retail-brand signals accelerating, up 316200% QoQ.