JSW MG to invest Rs1,400 crore this fiscal in new-energy push, targeting 70% localisation
JSW MG Motor India will spend Rs1,400 crore this fiscal, part of up to Rs4,000 crore near-term capex, on new models, higher localisation and expanded Halol capacity. Plans include a plug-in hybrid, an EV and the MG Adapt multi-powertrain platform, lifting capacity to 1,60,000 units and later 3,00,000.
JSW MG Motor India plans Rs1,400 crore capex this fiscal (part of up to Rs4,000 crore) for new models, higher localisation and expanded Halol capacity, launching a plug-in hybrid, an EV and a new MG Adapt multi-powertrain platform.
Why this matters
Reinforces JSW MG's new-energy pivot after targeting 80% NEV sales and backing a Rs3,000-4,000 crore plant expansion, with prior plans for a Rs1,400 crore Halol investment and four new vehicles this fiscal.
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