JSW MG Plans $441 Million Expansion to Triple India Capacity

JSW MG Motor India Pvt., the Indian venture of China’s SAIC Motor Corp., plans to invest as much as 40 billion rupees ($441 million) as it races to stake out a dominant position in the country’s fast-growing new-energy vehicle market.

The investment to expand capacity at its India plant to 300,000 units will be spread over the next couple of years, and deepen the carmaker’s focus on electric and plug-in hybrid vehicles, Managing Director Anurag Mehrotra said in an interview.