JSW MG motor to invest around Rs 1,400 crore this fiscal
Gurgram-based automotive maker JSW MG Motor has plans to invest around Rs 1,400 crore in the current fiscal year. The firm is looking to ramp up production capacity at its Halol plant in Gujarat.
Phase 1 of expansion, which is expected to wrap up by March next year, will take production capacity of its Halol plant from 120,000 units to 160,000 units annually. Further, the subsequent phase of expansion, targeting a capacity of around 300,000 units, will begin next year. As per the updates, JSW MG Motor India plans to launch two new vehicles this year using their ADAPT platform—a pure electric vehicle and a plug-in hybrid.
Also Read: JSW MG Motor plans to develop a new manufacturing plant in Halol