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JSW MG Motor India
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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]
Key Information
History
[edit]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 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]
Operations
[edit]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 ₹2,000 crore in revamping the 178 acre facility after its takeover from General Motors.[10]
Models
[edit]Current models
[edit]ICE vehicles
[edit]| Model | Indian introduction | Current model | Notes | ||
|---|---|---|---|---|---|
| Introduction | Update (facelift) | ||||
| SUV/crossover | |||||
_front_view.png)
|
Astor | 2021 | 2021 | — | |
_Hector_SUV_in_Jamshedpur,_Jharkhand,_India_(Ank_Kumar,_Infosys_Limited))_02.jpg)
|
Hector | 2019 | 2019 | 2023 | Rebadged from Baojun 530 |
_front_view_(2).png)
|
Hector Plus | 2020 | 2020 | 2023 | 7-seater variant of a rebadged Baojun 530 |
| Majestor | 2026 | 2026 | — | Rebadged from Maxus Territory | |
Electric vehicles
[edit]| Model | Indian introduction | Current model | Notes | |||
|---|---|---|---|---|---|---|
| Introduction | Update (facelift) | |||||
| Hatchback | ||||||
.png)
|
Comet EV | 2023 | 2023 | — | Rebadged from Wuling Air EV | |
|
Windsor EV | 2024 | 2024 | — | Rebadged from Baojun Yunduo | |
| Convertible | ||||||
|
Cyberster | 2025 | 2025 | — | Imported from China | |
| SUV/crossover | ||||||
|
ZS EV | 2020 | 2020 | 2022 | ||
|
IM6 | 2026 (planned) | 2026 (planned) | — | Rebadged from IM LS6 Imported from China | |
| MPV | ||||||
|
M9 | 2025 | 2025 | — | Rebadged from Maxus Mifa 9 Imported from China | |
Discontinued models
[edit]| Model | Released | Discontinued | Image |
|---|---|---|---|
| Gloster | 2020 | 2026 | _front_view.png)
|
See also
[edit]
References
[edit]- ^ Modi, Ajay (20 March 2018). "We believe in slow but sure growth in India: MG Motor India's Rajeev Chaba". Business Standard. Retrieved 12 March 2023.
- ^ "MG Motor India Commences Production of Hector SUV From Gujarat Plant". News 18. 6 May 2019.
- ^ "Will create greener, smarter mobility products for India, says SAIC Motor's Wang Xiaoqiu". The Hindu. 30 November 2023. ISSN 0971-751X. Retrieved 1 December 2023.
- ^ Mohile, Shally (20 March 2024). "We will create a Maruti moment with MG: Sajjan Jindal". The Economic Times. ISSN 0013-0389. Retrieved 20 March 2024.
- ^ "MG Motor India acquires Halol plant from GM, plans full revamp". Autocar Professional. Retrieved 1 December 2023.
- ^ "JSW to take stake in MG Motor India as China's SAIC dilutes holdings". Nikkei Asia. Retrieved 1 December 2023.
- ^ "China's SAIC to dilute stake in MG Motor India, drive EV sales". Reuters. 10 May 2023. Retrieved 1 December 2023.
- ^ Wadhwa, Nilesh (11 May 2023). "MG Motor India's expansion strategy: Expert sees need to sync long-term commitment of potential stake buyers". Financialexpress. Retrieved 1 December 2023.
- ^ Wadhwa, Nilesh (30 November 2023). "JSW Group partners SAIC Motor to acquire 35% stake in MG Motor India". Financialexpress. Retrieved 1 December 2023.
- ^ a b "MG Motor inaugurates first India facility in Gujarat, to roll out first product by 2019". Overdrive. Archived from the original on 20 July 2019. Retrieved 20 July 2019.
External links
[edit]A subsidiary of SAIC Motor | |||||||||||
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