JSW MG to invest Rs40bn to expand Halol plant capacity in India – report

JSW MG Motor, the JV betwixt China’s SAIC Motor and India’s JSW Group, plans to put up to Rs40bn ($441m) implicit the adjacent fewer years to rise capableness astatine its Halol works successful Gujarat.

The concern is expected to rise the Halol site’s existent yearly capableness from 110,000 units to 300,000 units.

Managing manager Anurag Mehrotra said successful an interrogation reported by Bloomberg that the backing volition modernise the facility’s overgarment and assemblage shops and enactment a bid of caller hybrid and electrical conveyance launches.

The carmaker intends to present 3 to 4 models successful 2026, including 1 artillery electrical conveyance and 1 plug-in hybrid, utilizing flexible multi-powertrain architectures.

It is operating adjacent to afloat utilisation aft retail income roseate astir 35% and gross grew 27% successful calendar 2025, compared with manufacture enlargement of 5% to 6%.

The planned enlargement represents 1 of the “largest” superior commitments since JSW Group took a bulk involvement successful the associated task with China’s SAIC Motor successful 2024.

It underscores the company’s displacement towards new-energy vehicles (NEVs), including artillery electrical and plug-in hybrid models.

“We are currency positive,” Mehrotra said, noting that the archetypal signifier of the capableness summation volition beryllium financed done interior accruals and that required approvals are already successful spot for spending this year.

He added that “all options are connected the table” for imaginable outer fund-raising arsenic concern gathers pace, with some partners discussing the adjacent signifier of expansion.

JSW MG’s stock of India’s electric-vehicle marketplace has accrued from nether 10% 2 years agone to astir 30% successful 2025, mostly driven by the Windsor electrical multi-purpose vehicle, Mehrotra said.

Alongside the accumulation ramp-up, the institution is stepping up localisation efforts to curb foreign-exchange vulnerability and amended margins.

"JSW MG to put Rs40bn to grow Halol works capableness successful India – report" was primitively created and published by Just Auto, a GlobalData owned brand.

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