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.[1][2]
History
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.[3] 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.[4]
In May 2023, due to market policy by the Indian government, SAIC was forced to reduce shareholding in the venture.[5][6] 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.[7]
Operations
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.[8] MG Motor India has invested more than Template:Currency crore in revamping the 178 acre facility after its takeover from General Motors.[8]
Models
Current models
ICE vehicles
| Model | Indian introduction | Current model | Notes | ||
|---|---|---|---|---|---|
| Introduction | Update (facelift) | ||||
| SUV/crossover | |||||
| File:2021 MG Astor Sharp 220 Turbo (India) front view.png | Astor | 2021 | 2021 | — | |
| File:MG(Morris Garages) Hector SUV in Jamshedpur, Jharkhand, India (Ank Kumar, Infosys Limited)) 02.jpg | Hector | 2019 | 2019 | 2023 | Rebadged from Baojun 530 |
| File:MG Hector Plus (India) front view (2).png | Hector Plus | 2020 | 2020 | 2023 | 7-seater variant of a rebadged Baojun 530 |
| Majestor | 2026 | 2026 | — | Rebadged from Maxus Territory | |
_front_view.png){kind=link}
_Hector_SUV_in_Jamshedpur,_Jharkhand,_India_(Ank_Kumar,_Infosys_Limited))_02.jpg){kind=link}
_front_view_(2).png){kind=link}
Electric vehicles
| Model | Indian introduction | Current model | Notes | |||
|---|---|---|---|---|---|---|
| Introduction | Update (facelift) | |||||
| Hatchback | ||||||
| File:2023 MG Comet EV Plush (India).png | Comet EV | 2023 | 2023 | — | Rebadged from Wuling Air EV | |
| File:Baojun Yunduo 004.jpg | Windsor EV | 2024 | 2024 | — | Rebadged from Baojun Yunduo | |
| Convertible | ||||||
| File:2024 MG Cyberster.jpg | Cyberster | 2025 | 2025 | — | Imported from China | |
| SUV/crossover | ||||||
| File:MG ZS EV SUV.jpg | ZS EV | 2020 | 2020 | 2022 | ||
| File:MG IM6 Auto Zuerich 2025 DSC 3542.jpg | IM6 | 2026 (planned) | 2026 (planned) | — | Rebadged from IM LS6 Imported from China | |
| MPV | ||||||
| File:2023 MG Maxus 9 V.jpg | M9 | 2025 | 2025 | — | Rebadged from Maxus Mifa 9 Imported from China | |
.png){kind=link}
Discontinued models
| Model | Released | Discontinued | Image |
|---|---|---|---|
| Gloster | 2020 | 2026 | File:2020 MG Gloster 2.0 Savvy (India) front view.png |
_front_view.png){kind=link}
See also
References
- ↑ Will create greener, smarter mobility products for India, says SAIC Motor's Wang Xiaoqiu. The Hindu(2023-11-30). Retrieved 2023-12-01.
- ↑ We will create a Maruti moment with MG: Sajjan Jindal. The Economic Times(2024-03-20). Retrieved 2024-03-20.
- ↑ MG Motor India acquires Halol plant from GM, plans full revamp. Autocar Professional. Retrieved 2023-12-01.
- ↑ JSW to take stake in MG Motor India as China's SAIC dilutes holdings. Nikkei Asia. Retrieved 2023-12-01.
- ↑ China's SAIC to dilute stake in MG Motor India, drive EV sales. Reuters(2023-05-10). Retrieved 2023-12-01.
- ↑ MG Motor India's expansion strategy: Expert sees need to sync long-term commitment of potential stake buyers, Wadhwa, Nilesh. Financialexpress(2023-05-11). Retrieved 2023-12-01.
- ↑ JSW Group partners SAIC Motor to acquire 35% stake in MG Motor India, Wadhwa, Nilesh. Financialexpress(2023-11-30). Retrieved 2023-12-01.
- ↑ 8.0 8.1 MG Motor inaugurates first India facility in Gujarat, to roll out first product by 2019. Overdrive. Retrieved 2019-07-20.
External links
Template:MG Motor Template:SAIC Motor Template:JSW Group Template:Automotive industry in India
Template:Motorvehicle-company-stub Template:India-company-stub