JSW MG targets 80% of sales from NEVs, backs ₹3,000-4,000 cr plant expansion
JSW MG Motor India expects new energy vehicles to make up 80% of sales this year, aided by the EV GST cut to 5%. It plans four new NEVs on its ADAPT platform, will lift plant capacity from 1.20 lakh to 3 lakh units, spend ₹1,300-1,400 crore this year, and raise headcount by 40%.
JSW MG Motor India expects 80% of sales from new energy vehicles this year, driven by EV GST cuts. It will invest ₹3,000-4,000 crore in plant expansion and launch four NEVs on its new ADAPT platform.
Why this matters
Builds on JSW MG's ₹1,400 crore Halol investment and capacity ramp to 3 lakh units, reinforcing an aggressive EV push as demand surges and GST cuts favor NEVs.
Retail-company signals are accelerating, up 835500% QoQ.