JSW MG Motor India to Invest ₹6,000 Crore in Halol Plant Capacity Expansion, Targets 2.2 Lakh Units by 2028
JSW MG Motor India, a joint venture between JSW Group and SAIC Motor, plans to invest around ₹6,000 crore, together with its vendors, to expand capacity at its Halol plant in Gujarat and strengthen operations in the country. The company's own investment stands at approximately ₹3,500 crore, supplemented by around ₹2,500 crore from its vendors.
The expansion is aimed at doubling annual capacity at the Halol facility from 1.10 lakh units to 2.20 lakh units by January 2028. Capacity is set to rise to 1.60 lakh units by March 2027, en route to the full target.
According to JSW Group director Parth Jindal, the Halol facility could eventually be scaled to accommodate production of around 4 lakh vehicles annually without requiring a new manufacturing location for at least the next three to four years, with a longer-term ambition of reaching 1 million vehicles.
Localisation forms a key part of the expansion plan, with the company targeting around 70 per cent localisation for its Windsor and newly launched Hector Tomahawk models by the end of CY27. Components such as battery cells, rare-earth magnets and some electronics remain among the parts that cannot currently be sourced locally at the required level.
JSW Group holds a 35 per cent stake in JSW MG Motor India, with SAIC Motor holding 49 per cent and the remainder held by other Indian investors, dealers and employees. The company noted that discussions between JSW and SAIC on additional capital and stake changes are ongoing, with nothing finalised yet.