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JSW MG Motor India to invest $440M in 2026 to expand production and launch four new models, including EVs, amid losses and Chinese investment restrictions.
JSW MG Motor India plans to invest up to $440 million to expand its factory and launch four new models in 2026, including a plug-in hybrid, an electric vehicle, and the MG Majestor SUV, aiming to boost annual production from 120,000 to 300,000 units.
The company, a joint venture between India’s JSW Group and China’s SAIC Motor, seeks to increase local sourcing to reduce costs and supply chain risks, while targeting 75% of its sales from new energy vehicles by 2030.
Despite rising sales—70,500 units in 2025—the company reported $121 million in losses, with $344 million in borrowings, as Indian investment restrictions on Chinese firms continue to limit market access.
JSW MG Motor India invertirá $ 440M en 2026 para expandir la producción y lanzar cuatro nuevos modelos, incluidos EV, en medio de pérdidas y restricciones de inversión chinas.