| JSW MG Motor India Pvt Ltd | |
| Type: | Joint venture |
| Industry: | Automotive |
| Predecessors: | --> |
| Hq Location City: | Gurugram, Haryana |
| Hq Location Country: | India |
| Area Served: | India |
| Key People: | Rajeev Chaba [1] |
| Products: | Automobiles |
| Brands: | MG Motor |
| Num Employees: | 3,000+ (2023)[2] |
JSW MG Motor India Pvt Ltd, previously MG Motor India Private Limited until 2024, is an automobile manufacturer in India, which was established in 2019. Since 2023, it is a joint venture between the Mumbai-based Indian multinational conglomerate JSW Group and Shanghai-based Chinese automotive manufacturer SAIC Motor, a Chinese state owned automobile manufacturer which markets vehicles under the British MG marque.[3] [4]
The whole subsidiary was setup in the year 2017 by SAIC Motor and began its sales and manufacturing operations in 2019 from an old General Motors facility in Halol, Gujarat.[5] The company was intended to allocate $650 million for investment, however the Government of India aimed to restrict funding from Beijing following a conflict in 2020 between troops of both nations along their disputed Himalayan boundary.[6]
In May 2023, due to interventionist market policy by the Indian government, SAIC was forced to reduce shareholding in the venture.[7] [8] By November 2023, the company entered into a strategic joint venture with JSW Group, which allowed latter to acquire 35% in the company. Further, IndoEdge India Fund bought an 8% stake, while a dealer trust as well as an employee stock ownership plan, acquired 3% and 5% stakes, respectively, leaving SAIC with just 49% stake.[9]
JSW MG Motor India operates one manufacturing plant in the country, located in Halol, Gujarat. The plant has a capacity of 80,000 units per year and was previously owned by General Motors India, which halted its sales operations in India at the end of 2017.[10] MG Motor India has invested more than crore in revamping the 178 acre facility after its takeover from General Motors.
| Model | Indian introduction | Current model | Notes | ||
|---|---|---|---|---|---|
| Introduction | Update (facelift) | ||||
| SUV/crossover | |||||
| Astor | 2021 | 2021 | — | ||
| Hector | 2019 | 2019 | 2023 | Rebadged from Baojun 530 | |
| Hector Plus | 2020 | 2020 | 2023 | 7-seater variant of a rebadged Baojun 530 | |
| Gloster | 2020 | 2020 | — | Rebadged from Maxus D90 | |
| Model | Indian introduction | Current model | Notes | |||
|---|---|---|---|---|---|---|
| Introduction | Update (facelift) | |||||
| Hatchback | ||||||
| Comet EV | 2023 | 2023 | — | Rebadged from Wuling Air EV | ||
| Windsor EV | 2024 | 2024 | — | Rebadged from Baojun Yunduo | ||
| SUV/crossover | ||||||
| ZS EV | 2020 | 2020 | 2022 | |||