JSW MG Motor, the joint venture between SAIC Motor and India's JSW Group, plans to invest up to $440 million to expand its India operations and launch new hybrid and electric vehicles. The investment, ranging from 30 to 40 billion rupees, will fund three to four new vehicle launches this year and increase factory capacity to 300,000 units annually from the current 120,000.

This expansion comes as the loss-making carmaker seeks to reverse its fortunes in India, where political tensions have limited Chinese investment since 2020. Despite rising sales—70,500 cars sold in 2025 compared to 61,000 in 2024—the company doubled its losses to $121 million in the fiscal year ending March 2025. Managing Director Anurag Mehrotra said the company will fund the expansion through internal accruals, debt, and equity.

The company is betting heavily on new energy vehicles, with plans for them to comprise at least 75% of its product lineup. Mehrotra expects NEVs to capture 30% of India's projected 6 million annual vehicle sales by 2030, up from the current 5% of 4 million annual sales. The strategy includes deeper localization of components to reduce costs and foreign exchange exposure.