JSW MG plans ₹6K cr for capacity expansion, ops

Mumbai-based JSW MG Motor India is planning to invest around Rs 6,000 crore for capacity expansion at its Halol plant in Gujarat, according to a company statement. The investment, partly made by the company and its vendors, aims to double the plant's capacity to 2.20 lakh units per annum by January 2028. JSW Group owns a 35% stake in MG Motor India, with SAIC Motor holding a 49% stake and other investors and employees owning the remaining shares.

The Halol plant currently has a capacity of 110,000 units, which is expected to increase to 1,60,000 units by March and 2,20,000 units by January 2028. The company's Director, Parth Jindal, stated that they do not see the need for a new location for expansion, as the Halol plant can handle up to 4,00,000 units per annum. Discussions between the shareholders on any future investment are ongoing, with no final decisions made yet.

JSW MG Motor India aims to grow its volumes at a CAGR of 35-40%, with hopes of reaching 100,000 cars this year. The company's focus remains on supply-side growth, as demand is not a limiting factor.