JSW MG Motor to invest up to $440 million on expansion, deepen bet on hybrids, EVs

JSW MG Motor will invest up to $440 million to expand its Indian plant. The company plans to launch three to four new hybrid and electric cars this year. This expansion aims to increase production capacity significantly. The carmaker is focusing on new energy vehicles to drive sales growth. Deeper localization of components will also reduce costs and improve profitability.