JSW MG Motor India to invest ₹1,400 crore in Halol plant, launch four new vehicles this fiscal

JSW MG Motor India is investing Rs 1400 crore to increase production capacity significantly. The company plans to introduce four new vehicles into the mainstream market this year. Production capacity will rise to 160,000 units annually by fiscal year-end. A battery electric and plug-in hybrid vehicle will launch shortly. The company aims for 70-80% of total sales from new energy vehicles.