JSW MG Motor India Pvt Ltd, previously MG Motor India Private Limited until 2024, is an automobile manufacturer in

India India, officially the Republic of India, is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area; the List of countries by population (United Nations), most populous country since ...

, which was established in 2019. Since 2023, it is a

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...

between the

Mumbai Mumbai ( ; ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12 ...

-based Indian multinational conglomerate

JSW Group JSW Group is an Indian multinational conglomerate, based in Mumbai. It is led by Sajjan Jindal and founded by Om Prakash Jindal. The group's diverse businesses include steel, energy, infrastructure, cement, automotive and paints, across In ...

and

Shanghai Shanghai, Shanghainese: , Standard Chinese pronunciation: is a direct-administered municipality and the most populous urban area in China. The city is located on the Chinese shoreline on the southern estuary of the Yangtze River, with the ...

-based

Chinese Chinese may refer to: * Something related to China * Chinese people, people identified with China, through nationality, citizenship, and/or ethnicity **Han Chinese, East Asian ethnic group native to China. **'' Zhonghua minzu'', the supra-ethnic ...

automotive manufacturer

SAIC Motor SAIC Motor Corp., Ltd. (formerly Shanghai Automotive Industry Corporation) is a Chinese State-owned enterprises of China, state-owned automobile manufacturer headquartered in Anting, Shanghai. Founded in 1955, it is currently the largest of the ...

, a Chinese state owned automobile manufacturer which markets vehicles under the British MG marque.

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 General Motors Company (GM) is an American Multinational corporation, multinational Automotive industry, automotive manufacturing company headquartered in Detroit, Michigan, United States. The company is most known for owning and manufacturing f ...

facility in Halol, Gujarat. The company was intended to allocate $650 million for investment, however the

Government of India The Government of India (ISO 15919, ISO: Bhārata Sarakāra, legally the Union Government or Union of India or the Central Government) is the national authority of the Republic of India, located in South Asia, consisting of States and union t ...

aimed to restrict funding from Beijing following a conflict in 2020 between troops of both nations along their disputed Himalayan boundary. In May 2023, due to interventionist market policy by the Indian government, SAIC was forced to reduce shareholding in the venture. 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.

Operations

JSW MG Motor India operates one manufacturing plant in the country, located in

Halol Halol is a city and a municipality (tehsil) in Panchmahal district in the Indian state of Gujarat. Located in western India, it has an average elevation of 499 metres (1637 feet). Halol is a major manufacturing hub of Western India, ...

, Gujarat. The plant has a capacity of 80,000 units per year and was previously owned by

General Motors India General Motors India Private Limited was a subsidiary of General Motors for its operations in India. General Motors had 93% stake in this partnership and the remaining 7% was held by SAIC. It was the 5th largest automobile manufacturing company ...

, which halted its sales operations in India at the end of 2017. MG Motor India has invested more than crore in revamping the 178 acre facility after its takeover from General Motors.

Models

Current models

ICE vehicles

Electric vehicles

References

External links

Vehicle manufacturing companies established in 2017 Manufacturing companies based in Gurgaon Indian subsidiaries of foreign companies SAIC Motor SAIC Motor divisions and subsidiaries SAIC Motor joint ventures Car manufacturers of India 2017 establishments in Haryana JSW Group {{motorvehicle-company-stub