JSW-MG Motors JV Gears Up for Electric Future with ₹5,000 Crore Investment

  • JSW MG Motor India, a collaboration between JSW Group and MG Motor, announced a significant investment of ₹5,000 crore.
  • This capital infusion aims to boost production capacity and introduce a new car model every 3-6 months starting from September 2024.
  • The joint venture has its sights set on becoming a major player in the Indian electric vehicle (EV) segment.
  • They plan to launch new energy vehicles (NEVs) alongside internal combustion engine (ICE) vehicles to cater to both domestic and international markets.
  • This ambitious project aims to sell a staggering 1 million electric vehicles by 2030.

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