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JSW and SAIC discuss capital infusion to scale MG capacity
MUMBAI: JSW Group and China’s SAIC are discussing additional capital for MG Motor India to eventually scale the company’s Halol plant capacity to 1 million vehicles annually from the current 2,20,000. The JV, owned 35% by JSW and 49% by SAIC, is currently deploying Rs 3,500 crore in localisation and new products, and is expected to become profitable in CY27.
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thehindubusinessline.com
JSW MG invests ₹3,500 crore to double capacity to 2.2 lakh units, targets record 1 lakh sales
JSW MG Motor India invests ₹3,500 crore to double vehicle capacity, targeting record sales and expanding electric model offerings.
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thehindu.com
JSW Group in talks with SAIC of China to increase stake in JV
JSW Group is negotiating with SAIC to boost its stake in MG Motor India, introducing the Hector Tomahawk in EV and PHEV variants.
