JSW MG Motor India is set to invest Rs 3,000 crore by 2025 for capacity expansion and new product launches.

The company aims to enhance capacity and introduce five new vehicles, including electric and internal combustion engine models.

The capital will be utilised to treble production capacity to 3,00,000 units per annum at the company’s manufacturing site in Halol, Gujarat. The plan for five new vehicles to be launched which would include a combination of electric and internal combustion engine (petrol/diesel) models.

The capacity enhancement along with the establishment of  its second plant on the site will be complete by the end of next year. However, new models will be introduced at a cost over and above this. MG Motor India has so far invested Rs 7,000 crore in India.

The first of the five vehicles, an electric crossover utility vehicle Cloud EV,  is scheduled for launch around the festive season of this year.