JSW MG Motor India will launch 4 new fashions this yr, and is planning to take a position between Rs 3,000 crore-Rs 4,000 crore within the nation over the subsequent couple of years.
The brand new fashions embrace a plug-in hybrid, an electrical car, the Majestor SUV and one further mannequin but to be disclosed.
“The intent can be to have a look at all choices of funding. I’ve by no means seen two shareholders (JSW and SAIC) this deeply engaged. They’re speaking at a frequency that’s phenomenal, and it permits for sooner determination making,” stated Anurag Mehrotra, managing director, JSW MG Motor India, throughout a media roundtable.
On February 12, the corporate showcased the MG Majestor, positioned as a D+ SUV, after first displaying it on the Bharat Mobility World Expo 2025. The 4×4 SUV’s pre-bookings have opened and costs might be introduced nearer to launch in April. The Majestor will compete with vehicles akin to Toyota Fortuner, Jeep Meridian, Skoda Kodiaq and Nissan X-Path in India.
On India-China enterprise ties, Mehrotra stated the state of affairs has improved in comparison with a few years in the past. He pointed to simpler motion on visas and flights and better enterprise engagement.
He stated there was a noticeable rise in TLAs (technical licensing agreements), notably between Indian and Chinese language auto element makers. These agreements permit Indian suppliers to entry and use expertise developed by international companions.
JSW MG Motor India is structured as a three way partnership between India’s JSW Group and China’s SAIC Motor. SAIC holds 49 per cent of the corporate, whereas JSW Group owns 35 per cent. The remaining 16 per cent is held by Indian stakeholders, together with monetary establishments with 8 per cent, sellers with 3 per cent and workers with 5 per cent.
On issues round expertise switch from SAIC, Mehrotra stated danger is inherent in enterprise, however should be managed. “Threat is there whereas crossing the street, however does it cease you from crossing the street?” he stated, arguing that firms can’t keep away from danger altogether.
He added that deeper localisation reduces publicity to international disruptions, whether or not in provide chains or transport. For example, he pointed to unstable sea freight charges. Container transport prices rose to about $2,400 at one level final yr, fell to round $700, and have since climbed again to roughly $1,500. Such swings, he stated, underline why firms want stronger home provide chains.
On electrical autos, Mehrotra acknowledged that EV penetration has moderated after GST rationalisation in September final yr made petrol and diesel vehicles comparatively cheaper.
Nonetheless, he stated the long-term economics of EV possession stay sturdy. Patrons save considerably on gas, and working prices are decrease over time.
He additionally pushed again in opposition to the notion that EV demand is proscribed to metro cities. Adoption, he stated, is seen in Tier-II and Tier-III cities as properly, with some smaller markets reporting EV penetration ranges greater than the nationwide common.
Whereas latest tax adjustments have had a short-term impression, he stated the wave of recent EV and hybrid launches throughout producers ought to assist a restoration. Extra product decisions, he added, will carry extra shoppers into the phase over time.
