JSW MG Motor India Pvt Ltd, previously MG Motor India Private Limited until 2024, is an automobile manufacturer in India, which was established in 2019. Since 2023, it is a joint venture between the Mumbai-based Indian multinational conglomerate JSW Group and Shanghai-based Chinese automotive manufacturer SAIC Motor, a Chinese state-owned automobile manufacturer which markets vehicles under the British MG marque.
History The whole subsidiary was set up in the year 2017 by SAIC Motor and began its sales and manufacturing operations in 2019 from an old General Motors facility in Halol, Gujarat. The company was intended to allocate $650 million for investment, however the Government of India aimed to restrict funding from Beijing following a conflict in 2020 between troops of both nations along their disputed Himalayan boundary.
In May 2023, due to market policy by the Indian government, SAIC was forced to reduce shareholding in the venture. By November 2023, the company entered into a strategic joint venture with JSW Group, which allowed latter to acquire 35% in the company. Further, IndoEdge India Fund bought an 8% stake, while a dealer trust as well as an employee stock ownership plan, acquired 3% and 5% stakes, respectively, leaving SAIC with just 49% stake.
Operations JSW MG Motor India operates one manufacturing plant in the country, located in Halol, Gujarat. The plant has a capacity of 80,000 units per year and was previously owned by General Motors India, which halted its sales operations in India at the end of 2017. MG Motor India has invested more than crore in revamping the 178 acre facility after its takeover from General Motors.
Models Current models ICE vehicles ModelIndian introductionCurrent modelNotesIntroductionUpdate (facelift)SUV/crossoverAstor20212021—Hector201920192025Rebadged from Baojun 530Hector Plus2020202020257-seater variant of a rebadged Baojun 530Hector Tomahawk20262026—Rebadged from Wuling Starlight 560Plug-in hybrid powertrain is standardMajestor20262026—Rebadged from Maxus Territory
Electric vehicles ModelIndian introductionCurrent modelNotesIntroductionUpdate (facelift)HatchbackComet EV20232023 —Rebadged from Wuling Air EVWindsor EV20242024 —Rebadged from Baojun YunduoConvertibleCyberster20252025 —Imported from ChinaSUV/crossoverZS EV202020202022Hector Tomahawk EV20262026—Electric version of rebadged Wuling Starlight 560IM62026 (planned)2026 (planned) —Rebadged from IM LS6Imported from ChinaMPVM920252025 —Rebadged from Maxus Mifa 9Imported from China
Discontinued models Image Model Released DiscontinuedGloster20202026
See also
Automotive industry in India JSW Group MG Motor SAIC Motor SGMW Motor Indonesia
References
External links