Mg Motor

JSW MG Motors set to raise $350 million from private equity investors: Report

Between its three internal combustion engine (ICE) vehicles — Hector, Astor and Gloster, and three EV models — ZS, Comet and Windsor, the company sold a total of 60,000 vehicles in 2024.

MG Windsor EV variant-wise prices announced, starts from Rs 13.49 lakh with battery

The company is offering a first-of-its-kind lifetime battery warranty to the first owner of MG Windsor.

JSW MG Motor India targets 'new-age' buyers with first luxury car by March

JSW MG will also be launching 'MG Select', a new sales outlet for its premium offerings, it said. ‘MG Select’ will offer a wide range of vehicles, primarily EVs, as well as hybrids, the company said.

Tata Motors, MG Motor offer free charging, battery rentals to lure EV buyers

Use of electric vehicles (EVs) has grown rapidly in recent years to account for 2% of India's annual sales of 4.2 million cars, but sales growth is now faltering, which analysts blame on high prices and lack of charging facilities

JSW, SAIC plan to take MG Motor public in 3 years

In the run-up to the listing, Sajjan Jindal-led JSW Group will increase its stake in JSW MG Motor India from 35 percent to up to 51 percent at regular intervals

MG Motor sales dip 5% in May at 4,769 units

The company had dispatched 5,006 units to dealers in May 2023.

MG Motor India signs pact with Vertelo to deliver 3,000 EVs

The partnership will focus on providing sustainable mobility solutions to riders and will also work towards establishing a robust EV charging infrastructure in the country, MG Motor India said in a statement.

MG Motor partners with Epsilon Group for EV charging solutions, battery recycling

As part of the collaboration, the automaker has signed an MoU with two Epsilon Group subsidiaries - Power EV for charging solutions, and LICO for battery recycling and second-life expertise.

MG Motor India looks to expand network in tier III, IV to drive next phase of growth

With JSW Group coming in as an investor and becoming a joint venture partner with China's SAIC, last month the company announced plans to invest Rs 5,000 crore and had set a target of selling one million units of passenger electric vehicles in India by 2030 when the total market is expected to be 10 million units annually.

MG Motor, Adani's mobility arm sign MoU to set up EV charging infrastructure

Adani TotalEnergies E-Mobility Limited will set up CC2 60 kW DC chargers at upcoming MG dealerships to bolster the charging network and enhance customer accessibility

SAIC's MG Motor India plans to bring in Indian investors including JSW

As part of the deal, JSW Ventures, a unit of JSW International Tradecorp Pte Ltd，will buy an aggregate 35% stake in MG Motor India for a total of 35.77 billion Indian rupee ($429.4 million).

JSW MG Motor aims to sell EVs at prices that match traditional vehicles

JSW Group and other Indian shareholders have invested Rs 5,000 crore in the JV to enhance capacity expansion and introduction of new car models. Production capacity of MG Motor's Halol facility will be increased to 3 lakh vehicles annually from the current capacity of 1 lakh vehicles.

JSW Group announces JV with China MG Motor, aims to launch a new product every 3-6 months

The partnership with JSW will help raise MG Motor's annual production capacity from 100,000 to 300,000 units, the companies said in a statement.

Exclusive: MCA to intensify action against Chinese companies, finds fraud in a majority of 500 companies investigated

Against the backdrop of heightened tensions, there has been tighter scrutiny of investments from the neighbouring country.

Exclusive: MCA to complete probe into Hero MotoCorp, MG Motor by June

The government ordered an investigation on Hero MotoCorp in June 2023 to probe an alleged violation of corporate governance norms and fund diversion.

MG Motor India posts 18% growth in retail sales at 56,902 units in 2023

In December 2023, the company's retail sales were 4,400 units, up 13 per cent from the year-ago month, MG Motor India said in a statement.

SAIC Motor and JSW Group create JV to spearhead MG Motor operations in India

According to the agreement, JSW will hold 35 percent in the Indian JV operations. SAIC will continue supporting the joint venture with advanced technology and products to deliver extraordinary mobility solutions with an unwavering focus on the Indian consumer.

JSW group reportedly eyeing EV car launch in the Rs 15-20 lakh range

In January this year, it was reported that the conglomerate had been considering a foray into the manufacturing of electric vehicles.