JSW MG Motor to Invest up to 440 Million USD, Plans Plug-in Hybrid SUV Launch This Year

India’s automobile industry is seeing an increase in sales. Several large corporations are making significant investments as well. JSW MG Motor India will be expanded with a maximum investment of 440 million USD. This year, the company intends to introduce three to four new electric and hybrid automobiles.

The objective of this growth is to greatly boost manufacturing capacity. The costs will decrease and earnings will rise as a result of better component localization, according to the reports.

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In an interview, Managing Director Anurag Mehrotra stated. The company intends to launch three to four vehicles in 2026, one of which will be a battery electric vehicle and the other a plug-in hybrid, both of which will be constructed on adaptable platforms.

Following its integration with SAIC in 2024, the JSW Group changed its focus from internal combustion engine vehicles to new energy vehicles, such as electric and plug-in hybrid models.

With losses increasing to 121 million USD in the fiscal year ending March 31, 2025. At that time, it had about 60 million USD in cash and 344 million USD in borrowings, according to Reuters.