JSW MG Motor India Plans to Expand Production Capacity in Gujarat, India

Specifications:

Name:

JSW MG Motor India Plans to Expand Production Capacity in Gujarat, India

Location:

Gujarat, India

Company:

JSW MG Motor India

Estimated Cost:

-

Source:

https://www.jsw.in/

Intrdocution:

SAIC  Motor & JSW Group announced the business roadmap for their new strategic Joint Venture - JSW MG Motor  India Pvt. Ltd (JSW MG Motor India), ushering in a new era of mobility in the country. The new joint venture will capitalise on the significant opportunities emerging in the fast-evolving Indian automotive sector.

Features:

JSW MG Motor India is committed to bringing in the best of innovation across its business operations, introducing world-class technology, strengthening the manufacturing landscape,  generating significant employment opportunities and offering smart and sustainable products focused on customer-centricity. The business roadmap for the company focuses on extensive localisation and development of a robust automotive ecosystem across the country.

The company will expand its production capacity in Halol, Gujarat, with a focus on producing NEVs. This will significantly increase the production capacity from the current 1,00,000 plus to up to 3,00,000 vehicles annually.

JSW MG Motor India will focus on strengthening its research, development, and technical prowess by setting up an R&D centre to cater to the different choices of car buyers. The new R&D centre will develop connected, new-age and local mobility solutions, giving automobile customers better access to advanced technologies and futuristic products with attractive value propositions.

With Carbon Neutrality, Sustainability, and Green Mobility at the core of its vision, the joint venture will stay focused on accelerating faster adoption of EVs. By 2030, the company aims to take leadership position in the NEV category with an extensive product portfolio comprising New Energy Vehicles. The company is currently utilising over 60% of its energy requirements for its manufacturing operations at Halol (Gujarat) from renewable resources and is working towards becoming Carbon Neutral by 2029.