Automotive & Parts #jsw#saic
JSW, SAIC weigh capital infusion to lift MG Motor India output to 1 million units
JSW Group and SAIC are discussing additional capital for MG Motor India to scale Halol plant capacity to 1 million vehicles annually from 220,000. The venture, deploying Rs 3,500 crore, launched the Tomahawk EV and PHEV ahead of Diwali, targeting 70% localisation by 2027.
Aug 27, 2026 1 source